@tjmolly wrote:I just don't see how paying $500/mo. only once over a 30day timeframe vs paying $500 once now makes for a 20+ pts difference (it won't even update for a month anyway). Seems flawed somehow, but whatever. It's a game and MyFICO is the winner either
@Anonymous wrote:In first scenario, you are simulating two factors; balance and length of time, while in the second, only balance. It may seem trivia to you, but in statistical models its not.
@tjmolly wrote:I tested this so-called simulator and riddle me this... Why if I "pay down CCs balances $500/mo" for just 1 month, i get a 30pts bump up in score but if I chose "pay down CCs" with the same $500, I only get a 5 pts bump. Go figure?
Is there something significant happening in 1 month time? Such as account aging, inquiries aging, etc?
way.
Meh, I view the simulator as just more encouragement to do the right thing (pretty up your credit profile and / or pay off credit card debt from a financial perspetive... 0% financing not withstanding) anyway 
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It's not very accurate on short time horizons when I tried it, we just don't have much visibility into it though I know a lot of work went into it. I'm pretty certain I could find more idiosyncracies if I tried but end of the day it doesn't matter and it's certainly a bit of hyperbole in describing it as a scam.
@tjmolly wrote:
@Anonymous wrote:Scam? A scam is a fraudulent scheme for some kind of gain. I'll give you that it might not be accurate, but I don't believe it meets the definition of a scam.
Pardon my hyperbole, Bella. I'm a little disturbed by what I see as a poorly designed simulation product.
It's all good. It just wasn't clear that your intent was hyperbole. Certainly when I read it, I took it that you were actually accusing MyFico of a literal scam.
+1 to what Revelate said.