TU FICO Simulator

[smallfry]

Currently 726. 3 month range 726-746. 2 year range 726-746. LOL. 

[mystikal1]

You think they could've tossed you a bone and added at least 20 points to the low side. Nice scores though!

[marty56]

LOL it always gives 20 points on the high side.  That is to get you to pull a score hoping for a nice score increase only to be dissapointed when you click on the go to your purchase button and see the same score as before.  In the background you hear ChaChing.

Seriously I dont think the Simulator works well with major derogs and I have to wait about 3 more years to see what the real scorew will be.  I understand its fairly good at the score impact in paying dowm debt but so are some members of this forum, and their advice is free.

IMHO I stay away from the simulator especially if you have a major derog.

[smallfry]

Marty you could be right but EQ currently at 696 gives a range of 756-796. My EQ report shows a much lower AAofA too which confuses the matter even more. My TU stood at 731 a year and a half ago.

[RobertEG]

The FICO simulators take into account numerous factors over time, with the intentional goal of not enabling you to isolate any individual action that you might take.

If they put up a simulator that provided any short-term and acurate scoring projection, it would enable reverse-engineering of their scoring algorithm.  That will not happen.

It is not useless.  But pretty close to that.

[smallfry]

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@RobertEG wrote:

The FICO simulators take into account numerous factors over time, with the intentional goal of not enabling you to isolate any individual action that you might take.

If they put up a simulator that provided any short-term and acurate scoring projection, it would enable reverse-engineering of their scoring algorithm.  That will not happen.

It is not useless.  But pretty close to that.

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It's a joke. It is telling me that after 3.5 years of perfect payment history my score might go up 15 points. 8 new accounts to 0. AAofA from 4 to 6. Sure.

[RobertEG]

And who wants a scoring projection that is based on what might or might not happen one or two years from now, and based on all categories of your CR?

I agree,  It is a careful marketing ploy to sell their product.