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CK & Credit wise Score simulator points error help

slimlma04
New Member

CK & Credit wise Score simulator points error help

Hey everyone, I had a wierd error happen on both Credit Karma score simulator and on credit wise from cap one. I had put "close oldest cc account" (which in my case is a Amex Authorized user card from 7 yr 6 mo ago) and my score actually jumps 9 points. Now I thought its a fluke on CK but than i looked for another simulator that has that option "to close oldest acct" which was credit wise from my cap one card and it gave me same exact score change, going up by 9 points. I looked and my CCT dosent have that option in its simulator to "close oldest cc acct". So I was just wondering if anyone knows anything about that or is it just some Bull. Maybe the fact that its an authorized user card has something to do with it? I know CK and Credit wise are FAKO maybe thats a reason also. Anyway thanks for any insight. (btw my next oldest open acct is 2 years 8 months.)

 

Here are screen shots : 

 

CK: https://drive.google.com/file/d/0B14IF6ZHo7NSTjRIZjViYjRwNU0/view?usp=sharing

 

Credit wise : https://drive.google.com/file/d/0B14IF6ZHo7NSZGxDWEp5LVRGU1U/view?usp=sharing

BK-CH7 DC-2/14
Fico 08- EX 659 / EQ 656 / TU 632 - 6/7/16
Capital One Venture CL $5500
Capital One Quicksilver CL $3000
Amex Blue (Authorized User) CL $2000 (pre Bankruptcy, Still have)
Amex Blue Cash (Authorized User) CL $4200
4 REPLIES 4
BrutalBodyShots
Super Contributor

Re: CK & Credit wise Score simulator points error help

Both CK and CW are Vantage 3.0 scores, not FICO scores like you get from CCT so it's apples to oranges in terms of comparison.

 

I honestly think simulators are garbage.  ALL simulators, not just FAKO ones.  The FICO simulator on this site at best gets within 60 points of my score.  For me personally, I think they are all trash and they are never indicative of my scores or what would happen to my scores if I did X or changed Y.  Some have reported success with using simulators, but not me.

Message 2 of 5
takeshi74
Senior Contributor

Re: CK & Credit wise Score simulator points error help

Don't rely on simulators and see the Closing Credit Cards thread linked in the Helpful Threads sticky in the Credit Cards subforum.  However, keep in mind that accounts where one is an AU are not always considered by scoring models and creditors anyway.

 

Also keep in mind the relevance of a given model & CRA combo to a given creditor/product.  Even if the CK and CW simulators were totally accurate that would only matter to creditors that actually use a VantageScore 3.0 in the credit decision.  While there are some that use VantageScores, most use a FICO model and there are even some that don't use either.

Message 3 of 5
RonM21
Valued Contributor

Re: CK & Credit wise Score simulator points error help


@takeshi74 wrote:

Don't rely on simulators and see the Closing Credit Cards thread linked in the Helpful Threads sticky in the Credit Cards subforum.  However, keep in mind that accounts where one is an AU are not always considered by scoring models and creditors anyway.

 

Also keep in mind the relevance of a given model & CRA combo to a given creditor/product.  Even if the CK and CW simulators were totally accurate that would only matter to creditors that actually use a VantageScore 3.0 in the credit decision.  While there are some that use VantageScores, most use a FICO model and there are even some that don't use either.


+1

This really does sum it all up.

                

TCL: $306,100Utiliz: 6%AAoA: 5yrs 2mOther: Lease, Loan, *No MortgageCollections-Lates-BK's: 0

LWS-35k | BOA-50k | AMX-32.4k | DISC-33.6k | ALNT-25k | NFCU-33k | BARC-15k | BBUY-12k | CSE-10k | CP1-10k | CITI-11.7k | PF-38.4k


Message 4 of 5
Sandibeach22
Valued Contributor

Re: CK & Credit wise Score simulator points error help

I wouldn't rely on those fakos.  I can say that the simulator on here and Experian are pretty accurate.  Haven't done me wrong yet. (knock on wood)


FICOS: EQ-812 TU-811 EX-818 Goal - 840-850 Across The Board
Total Credit Lines - 506K Gardening....
"I am the master of my fate and the captain of my destiny" Nelson Mandela
Message 5 of 5
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