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Contributor
jonjohn
Posts: 91
Registered: ‎12-30-2011

Fico Score Simulator

[ Edited ]

Has anyone had results that the simulator predicted?

My current score is 638 and it claims that if I pay down $500 of my revolving debt my score will go up to 668-708. That doesn't seem possible. It also gave me the same score if I paid $1,900.


Starting Score: EQ 625 TU 630
Current Score: EX 710 EQ 685 TU 680
Goal Score: 700


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Frequent Contributor
seigex
Posts: 425
Registered: ‎05-16-2012

Re: Fico Score Simulator

I had a reported balance of $18 and said I would go from 699 to 790-something if I paid down my $18 :smileyhappy:

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Contributor
jonjohn
Posts: 91
Registered: ‎12-30-2011

Re: Fico Score Simulator

So, you are saying that the simulator is a bunch of crap?


Starting Score: EQ 625 TU 630
Current Score: EX 710 EQ 685 TU 680
Goal Score: 700


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Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007

Re: Fico Score Simulator

IMHO the simulator accuracy is based on the content of your CR.  If your CR is clean except for say util, it is more accurate then f you have a lot of derog info.

 

Keep in mind that unlike FAKO score comments, any comment on how to improve your core from the FICO simulator will have a neutral to positive effect on your FICO score.

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Regular Contributor
ccb2115
Posts: 190
Registered: ‎11-23-2011

Re: Fico Score Simulator

I mentioned this in another post  but Fico Score Simulator said if I pay down to 8% util over 1 month, my score will go from 681 to 701-740. I got an alert today that my score is now 715. 

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New Contributor
xi
Posts: 64
Registered: ‎05-18-2012

Re: Fico Score Simulator

My score was 706. It said that if I paid $800 of my balances, the score would be 706-726. After the $800 payment reported, my score rose immediately to 716. Based on this and looking at previous instances where I have lowered my utilization, it seems accurate. 

New Contributor
xi
Posts: 64
Registered: ‎05-18-2012

Re: Fico Score Simulator

Also, I'm hoping it remains accurate. Waiting for statements to report new balances bringing everything down to 9% utilization. The score sim says 746-786 based on that drop in utilization alone, but in the next month my AAoA will click over from 4 to 5 years, so hopefully between the two things I end up in pretty good shape!

Established Contributor
bettercreditguy1
Posts: 744
Registered: ‎02-11-2012

Re: Fico Score Simulator

It has been very accurate for me. I have one red flag from 2010 showing. I have met or exceeded all of their "future Fico Score ranges" since I have been tracking my developments. Once you obtain a 5% to 7% util.,  paying more off on cc's doesn't seem to impact the score short term. Best wishes for success.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


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Contributor
jonjohn
Posts: 91
Registered: ‎12-30-2011

Re: Fico Score Simulator

Thanks for all of the great information.. I just paid $500 on one of my cc taking the util down to below 25%.  According to the Fico sim, it says it will go up to 668. I'd be happy with that for now... Want to be about 700 or damn near close by the end of the year. Do you think that is attainable? Only have $1,400 total revolving debt left to pay.


Starting Score: EQ 625 TU 630
Current Score: EX 710 EQ 685 TU 680
Goal Score: 700


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Regular Contributor
JAY305
Posts: 204
Registered: ‎10-10-2012

Re: Fico Score Simulator

Why does the Fico Score Simulator not allow you to choose more than one input?

 

I would like to choose the option to “Pay Down the Balances on All Your Credit Cards” in addition to “Pay Your Bills on Time”.

 

However, this is not possible. 

 

When I select “Simulate best action” from the top, it simulates paying down 90 – 100% of credit card balances over the next 24 months. 

 

However, I would like to determine the outcome of paying 90 – 100% of my credit card balances over the next month coupled with 6 additional months of on time payments would be. 

 

Does anyone know how to do this?

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