05-17-2007 01:59 PM
05-17-2007 04:18 PM
barderspond wrote:I like the simulator, at least gives me some hope that a combination of paying down debts, paying off collections accounts, and consistent on-time payments will get me where I want to be, but it is incomplete in one aspect:What about the removal of items? It would be great to see an option where you could model the removal or update of inaccurate information. I know it cannot be exact, but to be able to speculate; "What if I got these 30 day lates removed" or "This account is showing up twice, if I remove the duplicate, what happens" or better yet, "this account isn't even mine, what happens once I get rid of that?"I think a company that can craft such remarkably complicated formulas as that used to generate the FICO score, surely could offer a few more practical features to the tool.Or better yet...why not make it completely interactive? There is no (technological) reason why it cannot look at your credit, have you model some changes, and then produce the score it would give. Let me delete/update/change/age a specific account and then have it recalc and see where I would end up. THAT way, I would be able to correct my credit without shooting myself in the foot. The only reasons I can imagine why this service is not available is either because nobody at FairIsaac has thought of it yet (hard to believe), or because they are so obstinately stubborn about their formula that they don't want people being able to use such a tool to figure it out. OR...perhaps they really are in cahoots with the credit industry and hate consumers.
05-22-2007 03:41 PM
05-23-2007 03:25 AM
05-24-2007 03:46 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.