simulator suggestion

[casmith1980]

wouldn't it be nice if the simulator feature had an option to show what your score would do if a baddie were to disappear?

is this even possible to implement?

Thanks!

[laz98]

i would love it!!!

[GoodCredBen]

Rock on i would like that too!

[MarineVietVet]

It's just my personal opinion and I have nothing to base it on but I think there is purpose in limiting the number of options in any FICO simulator/estimator. The less options there are the harder it is for anyone to decipher and reverse engineer the scoring algorithms that FICO uses. It's protecting their intellectual property/trademark.

JMO.

Edited to correct a typo.

[laz98]

you darn smart marines, you just know everything! 

(that's a pretty good theory, though)

[Barry]

While Marine's comments are true, in that the simulator is designed to prevent reverse engineering, it's a very interesting suggestion that I don't believe I've heard before.  I agree it would be a good feature for those of you with old baddies about to drop off or perhaps you're contemplating sending GW letters, etc. 

My first thought was that it would encourage unethical credit repair, i.e. disputing what you know to be accurate, and it certainly can be expected to do so.  But I can also see it discouraging as much as encouraging such tactics, as people would see how little of a score increase they're likely to see from these kinds of disputes. Especially when removed trade lines reappear!

Thanks for the suggestion, casmith1980.  I'll pass it on to our product development folks.

-Barry

[GoodCredBen]

Right, but if that were the case, the person cant really expect to stay at what score the simulator said... lol.... and its not a guarantee either

[casmith1980]

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@Barry wrote:

While Marine's comments are true, in that the simulator is designed to prevent reverse engineering, it's a very interesting suggestion that I don't believe I've heard before.  I agree it would be a good feature for those of you with old baddies about to drop off or perhaps you're contemplating sending GW letters, etc. 

My first thought was that it would encourage unethical credit repair, i.e. disputing what you know to be accurate, and it certainly can be expected to do so.  But I can also see it discouraging as much as encouraging such tactics, as people would see how little of a score increase they're likely to see from these kinds of disputes. Especially when removed trade lines reappear!

Thanks for the suggestion, casmith1980.  I'll pass it on to our product development folks.

-Barry

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I completely agree that this should not be used for unethical repair, but basically what I was hoping for it to do is to give me an idea of whether or not I should send GW letters to delete something that will inevitably fall of my report in 6-12 months.  If the estimated increase isn't "substantial", then maybe it would be best to hold off and focus on other pressing items.

I know this board gets clogged with "so, this is being removed, how much will I see in my score?" posts (I'm guilty!!!) and it would give myfico.com another edge on offering something that the other CMS providers don't have

Either way - thank you very much for passing along the idea!!!!!!