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FICO Simulator

Established Member

FICO Simulator

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?
Message 1 of 5
4 REPLIES
Senior Contributor

Re: FICO Simulator

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. Smiley Happy (We are talking about MyFICO or EQ calculators correct?)
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 2 of 5
Established Member

Re: FICO Simulator

Thanks ilovepizza.  Yes, we are talking about the myfico and EQ simulators.  I'll keep a look out at the end of sept or early oct to see where I land.  Thanks so much.
Message 3 of 5
Established Member

Re: FICO Simulator

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.
Ch. 7 BK filed Oct. 2005 (old law)

EQ=698, TU=715, EX=who cares?
Message 4 of 5
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New Visitor

Re: FICO Simulator

Your score will go up, however it will not go up 30 points maybe 10
Message 5 of 5