Credit Card Center Advertiser Disclosure

Community Leader
Epic Contributor
Posts: 29,575
Registered: ‎03-19-2007
0 Kudos

Re: What is the best scenario for FICO score when it comes to util??

I post on this thread, not because I have anything new of substance to add, but simply to reinforce the comments of the many prior posts.  Many who use the very simplistic FICO simulator are constantly driven to the conclusion, based on the limited number of simulated scenarios, that waiting 3, 6, 12, or even 24 months to pay down revolv debt is better than paying it sooner!  That is simply not true. I concur with the others who have posted on this topic,  &util and payment history are both included in the FICO simulator, so any conclusion that one should wait until the sim period expires to get the best score is simply ignoring the fact that the sim is not a one-category simulator., and is not suggesting that you should do that.  Aging is there, but not just shown separately.
Sure, it would be great if the simulator had many more scenarios that would allow one to see the separate effects of each category, modeled separately, such as the separate effects of both aging and %util.  So why does the simulator not do this for us?  The answer is simple.  If it did so, it would reveal too much about the proprietary FICO algoritm that would allow us to then see how it works in too much detail, and thus allow we who are mathematically inclined to create our own projections without the need to regularly buy their product.... their scores!
Just reading this forum is THE BEST way to plan either credit or FICO score strategy.  The simulator is useful only to tell the masses who dont read this forum to...... pay down %util and dont have lates!  Dah!!!

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.