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FICO Simulator Accuracy?

Regular Contributor

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
Message 1 of 6
5 REPLIES
Regular Contributor

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
Message 2 of 6
Senior Contributor

Re: FICO Simulator Accuracy?

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
Message 3 of 6
Regular Contributor

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
Message 4 of 6
Contributor

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.
Message 5 of 6
Highlighted
Senior Contributor

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
Message 6 of 6