I have a small debt and was just curious what my CK score would be if I was using only 6%. CK said If I reduced my debt to 6% usage I would lose 55 points. I don't think CK score simulator works.
I used their simulator today and it said it I aged my report by 2 years there would be no change in score, which I also feel isn't accurate.
Almost all "simulators" are BS. They only take into consideration a few pieces of information (the few that you can alter in the simulator) which isn't nearly enough to give an accurate prediction. I've seen some people say that simulators are pretty close for them, but for me they've never been any closer to 60-70 points off.
|Total CL: $321.7k||UTL: 2%||AAoA: 7.0yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|
Do you have or intend to apply with any creditors that use a TU or EQ VantageScore 3.0 anyway?
Don't rely on the simulators. Read up on the standard factors and their typical weights. For VantageScore: