Capitial One Credit sumulator Is it legit

[Anonymous]

Hell,

Recently got a Capital one secured card and have increased from first deposit of 300.00 approval to $1000.00 of secured credit. A few questions, what's up with their credit report symbolization. It says my score has gone from 546 to to 620.. I know the are all kinds of Fico scores, but this can't be true. Thanks

[dobirdsmommy]

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@Anonymous wrote:

Hell,

Recently got a Capital one secured card and have increased from first deposit of 300.00 approval to $1000.00 of secured credit. A few questions, what's up with their credit report symbolization. It says my score has gone from 546 to to 620.. I know the are all kinds of Fico scores, but this can't be true. Thanks

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Without knowing what yout utilization was before as compared to now?

Maybe your AAoA went up?

Maybe a collection aged or fell off?

Without seeing the full picture I do not think anyone can assume why the score jump

YMMV on the Capital One Simulator as well.  I think they use a different TU model

 For example on Capital One Simulator is says my score is 653

CK says 623

 Chase Pull had me at 675 TU as per CA last wednesday

[bdhu2001]

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@Anonymous wrote:

Hell,

Recently got a Capital one secured card and have increased from first deposit of 300.00 approval to $1000.00 of secured credit. A few questions, what's up with their credit report symbolization. It says my score has gone from 546 to to 620.. I know the are all kinds of Fico scores, but this can't be true. Thanks

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The Capital One score is not a FICO score.  Your credit may have improved, but it's not possible to know how much your FICO score has improved without knowing your true beginning and current score.  Do you feel brave enough to try for a DiscoverIt card.  Discover will give you your true TU FICO score.

[Anonymous]

The credit simulator itself is completely wrong. Its always way off when I see an actual change. As for the score it gives with their score tracker, it seems to be pretty well in line with your VantageScore 3.0, at least for me. You can check on Credit Karma and see what they show and compare, but keep in mind CK updates every week or when theres a change, and Cap1 is once a month so it may not be up to date.

[takeshi74]

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@Anonymous wrote:

Capitial One Credit sumulator Is it legit

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Given the various scoring models in use out there you have be careful relying on any score simulator.  For one thing, it depends on the score you're looking to compare it to and whether or not the creator of the scoring simulator even knows all the specifics of the scoring model targeted.

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@bdhu2001 wrote:

Discover will give you your true TU FICO score.

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There is no "true TU FICO".  DIscover provides a TU 08 score.  If any creditor uses TU but a different scoring model it doesn't matter how "true" the TU 08 score is -- it will still be irrelevant for that creditor.

Don't rely on broad "true" and "false" generalizations.  Even with FICO there are a number of different scoring models used by creditors.  See also the Understanding FICO Scoring subforum and its stickies.

[kdm31091]

The simulator can give you a basic idea of what certain things will do to your score, although the majority of it is common sense -- if you add a new account/inq, of course your score dips a few points.

It can be valuable to see a general trend in what would happen, but I wouldn't rely on the actual numbers; as others have stated it's not a real FICO so it's not as relevant.

[Anonymous]

Cap 1 credit simulator is just for educational purposes but i dont consider it a reliable source.