@Anonymous wrote:
Hi I have no idea what the sim is. But I also have little interest in learning jargon proprietary to MyFico and it's product. I have the 3B report and credit scores. It states clearly this - "Get a credit card with a 5,000 credit limit." And in the visual graphic of each score it shows that it will improve Equifax 20 points, Transunion 5 points and Experian 10 points. I got the card with that limit and my scores dropped. It's that simple. If there is a more comprehensive explanation to this it should be part of the up front message. I feel that the way this is presented is irresponsible, and can cause damage to a user's finances depending on the context of their situation.
Frankly I don't care about what MyFico fans have to say about this in its defense. I am merely posting this as a warning and complaint to others who might consider using the advice in these reports. The guidance in that score simulator is mis-leading and vague. Be warned. End of story.
This is not very nice. These people were trying to help you.
