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Regular Contributor
turninganewleaf
Posts: 140
Registered: ‎08-08-2007
0

FICO Simulator Accuracy?

Is it realistic?  I currently have FICO 598.  According to the FICO simulator's best plan of action suggests I pay my credit card balances down 90-100% and I'm looking at a FICO score ranging 698-738.  Well, I will have all of my cc balances paid to $0 by the end of Dec. '07.  Can I really look forward to that FICO score????  If so, that would be great!
 
 
FICO 8/5/10; TU 724, EQ 702
FICO 6/9/09: TU 669, EQ 658, EX ???
FICO 7/20/07: TU 540; EQ 595, EX 544
Regular Contributor
javi84
Posts: 171
Registered: ‎05-18-2007
0

Re: FICO Simulator Accuracy?

Its very likely you will see that jump, assuming you're never late paying, etc.
For age and want, save while you may; no morning sun lasts a whole day.
--Benjamin Franklin
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
0

Re: FICO Simulator Accuracy?

[ Edited ]
Weird! It deleted. I bumped it and it reappeared.

Message Edited by ilovepizza on 08-14-2007 09:45 PM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Regular Contributor
turninganewleaf
Posts: 140
Registered: ‎08-08-2007
0

Re: FICO Simulator Accuracy?

Hello pizza,
 
The link you attached says message has been deleted...
FICO 8/5/10; TU 724, EQ 702
FICO 6/9/09: TU 669, EQ 658, EX ???
FICO 7/20/07: TU 540; EQ 595, EX 544
Contributor
snookie
Posts: 77
Registered: ‎08-11-2007
0

Re: FICO Simulator Accuracy?



turninganewleaf wrote:
Is it realistic?  I currently have FICO 598.  According to the FICO simulator's best plan of action suggests I pay my credit card balances down 90-100% and I'm looking at a FICO score ranging 698-738.  Well, I will have all of my cc balances paid to $0 by the end of Dec. '07.  Can I really look forward to that FICO score????  If so, that would be great!
 
 



I noticed that the best plan of action always uses 24 months along with whatever advice it's offering, so realistically it's predicting age along with your paying off those balances.
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
0

Re: FICO Simulator Accuracy?

Here is the link. When I post links with out typing something else weird stuff happens. I think there might be a filter removing it.
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=34940
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc

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