Hello, I am in the process of repairing my credit and have gone thru my first month (August) of finally being able to pay all of my debt on time from months of being delinquent. With that, I used the FICO simulator to see what would happen if I paid my bills on time for the next 1 month and it is telling me that my fico score should go up 30-50 points. How accurate is this...can anyone tell me?
Generally it gives you a score range. The left side of this score range I found to be with in 10 points of what is shown. The right side is questionable. If it says 700-730 your score will be between 690-710. Thats the 10 point margin. It can be exactly accurate but takes some skill to learn how it works. But stay with 10 points in either direction with the left number and you should hit it every time. (We are talking about MyFICO or EQ calculators correct?)
I noticed a glitch in the MyFICO EQ Score simulator yesterday. No matter how many months ahead you asked for a 'paying all your bills on time' projected score, it produced a result saying it was for 24 months on the results page.