topic FICO Simulator Accuracy? in Understanding FICO® Scoring

FICO Simulator Accuracy?

turninganewleaf — Tue, 14 Aug 2007 16:56:33 GMT

Is it realistic? I currently have FICO 598. According to the FICO simulator's best plan of action suggests I pay my credit card balances down 90-100% and I'm looking at a FICO score ranging 698-738. Well, I will have all of my cc balances paid to $0 by the end of Dec. '07. Can I really look forward to that FICO score???? If so, that would be great!

Re: FICO Simulator Accuracy?

Anonymous — Tue, 14 Aug 2007 17:08:27 GMT

Its very likely you will see that jump, assuming you're never late paying, etc.

Re: FICO Simulator Accuracy?

Anonymous — Wed, 15 Aug 2007 04:45:02 GMT

Weird! It deleted. I bumped it and it reappeared.

Message Edited by ilovepizza on 08-14-2007 09:45 PM

Re: FICO Simulator Accuracy?

turninganewleaf — Tue, 14 Aug 2007 19:16:37 GMT

Hello pizza,

The link you attached says message has been deleted...

Re: FICO Simulator Accuracy?

Anonymous — Tue, 14 Aug 2007 22:07:45 GMT

turninganewleaf wrote:
Is it realistic? I currently have FICO 598. According to the FICO simulator's best plan of action suggests I pay my credit card balances down 90-100% and I'm looking at a FICO score ranging 698-738. Well, I will have all of my cc balances paid to $0 by the end of Dec. '07. Can I really look forward to that FICO score???? If so, that would be great!

I noticed that the best plan of action always uses 24 months along with whatever advice it's offering, so realistically it's predicting age along with your paying off those balances.

Re: FICO Simulator Accuracy?

Anonymous — Wed, 15 Aug 2007 04:48:14 GMT

Here is the link. When I post links with out typing something else weird stuff happens. I think there might be a filter removing it.
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=34940