topic Re: Simulator for removing baddies in Understanding FICO® Scoring

Simulator for removing baddies

dynamicvb — Mon, 06 Aug 2018 18:32:38 GMT

I know I should not trust the simulators as they are wrong more than right, but I was just wondering if there is a simulator that predicts what happens if a baddie falls off. I've seen this mentioned that you could simulate something such as a late getting removed of BK aging off, etc.., but I looked at the one on MyFico and CK and there are no such options. They only let you add stuff or age your report. Nothing about removing certain things. Does anyone know if something like this exists and where I can find it?

Re: Simulator for removing baddies

Zolomon — Mon, 06 Aug 2018 20:06:02 GMT

While there isn't such a simulator I'm aware of, you may be able to replicate negative items falling off by simulating time under "Pay all your bills on time". However, this simulation is limited to 2 years.

The images below show how my scores will increase in 10 months, exactly when all deliquencies fall off my Equifax and Experian. My TransUnion will still show a much lower score due to a deliquency that won't fall off until 2020 (an error on Capital One's part I'm trying to get removed ASAP).

Re: Simulator for removing baddies

Anonymous — Tue, 07 Aug 2018 03:56:06 GMT

Your best simulator here would be the fine members of this forum. The most important factors when considering what might happen with the removal of a baddie is:

1 - How many other baddies you have

2 - What the severity is of each one

3 - What the age is of each one

It's possible to see a 100 point gain from the removal of a baddie and it's also possible to see a 0 point gain from the removal of a baddie; certainly everything in between is possible as well. Without knowing more about your profile and the nature of your baddies (1-3 listed above) it would be impossible to give you a solid prediction.

Re: Simulator for removing baddies

Thomas_Thumb — Tue, 07 Aug 2018 12:47:25 GMT

@Zolomon wrote:
While there isn't such a simulator I'm aware of, you may be able to replicate negative items falling off by simulating time under "Pay all your bills on time". However, this simulation is limited to 2 years.

The images below show how my scores will increase in 10 months, exactly when all deliquencies fall off my Equifax and Experian. My TransUnion will still show a much lower score due to a deliquency that won't fall off until 2020 (an error on Capital One's part I'm trying to get removed ASAP).

^ This is good. Nice logic here with isolation of cause/effect.

When the last major dergoatory falls off on an otherwise non derog file; scores often increase 80 to 100 points. This has been reported by many posters with tax liens in the past. For collections above $100 a bump in the 50 to 80 range is not unusual - again if it was the last remaining derog on file.

As BBS mentions, point gain can also be zero. That happens when a file as multiple major degogs. If some are removed but others remain then there may be no point gain. If the last major derog s removed but one or more minor delinquencies remain then there will be a muted point gain.