05-05-2007 12:45 PM - edited 05-05-2007 12:47 PM
05-05-2007 12:49 PM
The simulator is just a guide. Not a guaranteed reference. So the delinq was only a 30 day late? Or was it a collection or charge off? How old is this account?
(I originally posted this in the wrong forum; apologies if some of you are seeing it for the second time) On April 16, all 3 reports showed a delinquent WAMU CC account (30+ days late). I used the FICO simulator to see what would happen if I paid off the delinquent account. For both Transunion and EQ, the simulator predicted a MINIMUM 30 point IMPROVEMENT for paying off this delinquent account first. So I went ahead and paid off the delinquent account, and for good measure I also paid off an additional 4k of other cc balances. About 3 weeks later, all three bureau reports reflect my payments, including the complete payoff of the account that had been delinquent. There are absolutely NO other changes to my reports. And yet, instead of showing the improvement predicted by the simulator, each of my scores has gone DOWN. EQ and TU have gone down by 10 points each, which while not catastprophic, isn't negligible either. Any explanations or suggestions? Thank you in advance.
Message Edited by freelance on 05-05-2007 12:47 PM
05-05-2007 01:04 PM
05-05-2007 01:39 PM
You are going to drive yourself crazy trying to figure out daily score fluctuations. I would not worry unless your score drastically changes for no reason.
Just went over reports again, and noticed something even more mysterious: My EXP score declined by 10 points between May 2 and May 4, and there is absolutely NO DIFFERENCE whatsoever between the two reports. (The payoffs I made were already reported on the first one). Shouldn't the exact same data produce the exact same score? I'm really perplexed.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.