Score Simulators - Designed to shape consumer behavior

[Anonymous]

I often wonder about the value of the scorre simulators.  They seem so simplistic that they really don't tell you anything.  We all know payment history and credit utilization are key factors, but my experience is that other scenarios barely move the score.  Things like adding different types of credit, paying down debt, etc, all seem to move things very little.  Using any score simulator I can barely move my score more than about 15-20 points.

Some scenarios are not even available, like having all revolving credit accounts except one report as zero, taking out term loan and paying down to 10% quickly, etc.  Makes me think they are tyring to shape consumer behaviour with these simulators rather than help people actually improve scores or identify actions that benefit them more than the creditors.

Thoughts?

[Anonymous]

Debt consolidation loan, SSL and AZEO artificially inflate scores, so they probably do not want to advertise it in their simulators. 

Why would they push scores higher across the board? This would adversely affect the risk management of creditors. Also, if everyone has a high score, nobody has a high score.

[Anonymous]

Companies are in business to make money. Once you've accomplished your credit goal, why pay for any credit service?  My scores are about maxed out. All I have are CC. No loans. No mortgage because almost 12 years ago I paid cash for my house. I'm on here primarily to learn and to share my credit management experience. I have helped others with their CR for years. Never have I charged anyone.  I've done the simulators. They are always a number of points below my actual scores. I did AZEO once and the increase was miniscule.

[Anonymous]

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@Anonymous wrote:

I often wonder about the value of the scorre simulators.  They seem so simplistic that they really don't tell you anything.  We all know payment history and credit utilization are key factors, but my experience is that other scenarios barely move the score.  Things like adding different types of credit, paying down debt, etc, all seem to move things very little.  Using any score simulator I can barely move my score more than about 15-20 points.

Some scenarios are not even available, like having all revolving credit accounts except one report as zero, taking out term loan and paying down to 10% quickly, etc.  Makes me think they are tyring to shape consumer behaviour with these simulators rather than help people actually improve scores or identify actions that benefit them more than the creditors.

Thoughts?

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i certainly hope not!

The simulators tell me if I make on time payments for all acounts, my scores will decrease, and keep decreasing the longer I make these on time payments.

The simulators also tell me that if I let everything default, my scores will increase! The longer I let everything default (and even CO), the higher my scores can fly! Like 92pt score gains! Woohoo!

Imagine if *anyone* followed that advice? So I certainly do not hope this is how they plan on shaping consumers by driving their credit into the ground!

Ibseriously wish the simulator would let me take screenshots, it is priceless, and never changes month to month, no matter how much my scores improve. They want me to default and default HARD!