01-11-2012 08:32 AM
01-11-2012 08:52 AM - edited 01-11-2012 08:53 AM
01-11-2012 08:55 AM
Well I really don't have any experience with the simulator, maybe it is a bit optimistic.
But with a totally clean report, and several years worth of positive age, I'm sure you could be well into the 700 club....
01-11-2012 09:14 AM
I think it has to be rather optomistic, and possibly not entirely calculated based on extrapolated details.
But I guess it's possible. My last EQ FICO came in at 689 and the simulation optimizer produced the same range you reported.
My stats though are starkly different:
oldest account 14.x years, current AAoA 5 yrs, util 25% (the wife exiting the workforce to stay home with children hit our credit like a steamroller!)
Went from high 700's to high 600's low 700's in no time! Now we're focused on paying down that run-up in util and looking forward to the 800 club in a year or two!
01-11-2012 06:09 PM
I have never found the score simulator to be that accurate. I have clean reports, low util, a couple of inqs, no lates, a credit history nearing 24 years, AAoA of 8 years and my scores are below 800. I was over 800, but I had to get a new car. The new balance, inqs and my AAoA changed. To the OP, I don't mean to be cruel, but I doubt 839 would happen so soon. I agree with pizzadude.
01-11-2012 06:45 PM
Most of time the results will be isomewhere in the middle of the range. With the time frame given by the simulator it is tough to be more precise than the range given.
01-12-2012 10:29 AM
My AAoA is 8 months with bunch of fresh accounts. FICO score provided by AMEX told me I'm already in 700 club, 717.
01-12-2012 10:51 PM
Sorry to have to join the negative chorus. Actually, I've never found the simulator to be worth much at all. Seems like something that was added to counteract that feeling of "You mean all I get are these three digits after what I paid?". Not disputing the value of the FICO score itself, but the sim seems pretty rudimentary. Invariably tells me I should pay my bills on time, and maybe my score will go up by 20 points. Or zero points. Well duh, I've been doing that for maybe forty years already, are another couple really gonna give me a boost? (No, it didn't happen.)
Anyway, hope it works our for you. That would be cool!
01-13-2012 07:50 PM
Well I put in my info and it says 730-780
But I actually have a 796 Fico on TU
and thats with new accounts and 3 inquiries
so it could be off the other ways too...higher
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.