There is another thread about the simulator and paying down installment loans. I don't have student loans so I have no option to pay those down in my simulator nor do I have an option to pay down my auto loan. There is a lot of skepticism towards the simulator, maybe this will help.
I am running 8% utilization with 3199/40750. I only have 3 cards. Balance is on one card at this time for testing purposes, screenshot from CCT
I used the simulator slide tool to figure out how much to pay down to maximize all 3 scores.
I have fresh reports so the only change will be paying down ~1850 of 3199
My statement cuts today or tomorrow, so I should have datapoints within the week.
Simulator Projection
EQ 723 -> 738
TU 739 -> 739
EX 725 -> 730
Ok, some more potentially relevant factors to document as you start this:
Which three CC do you have, and what month/year was each opened?
What is the CL and open balance on each?
What is your expected timing to pay down the cards?
How will each card open balance be changed to achieve your overal utilization reduction?
Ok, clear. These accounts are aged long enough that won't be a factor.
Interesting to see the results.
@Anonymous wrote:As stated above, all of my balance is on a single card for testing purposes
In addition to testing the accuracy of the simulator, this will show taking <10% overall utilization on a single card with the rest a 0% to <10% of the highest cards limit on that card with the rest at 0%
Oldest account is 18 years, AAoA is 8 years
The true open dates are nebulus as each of these has at some point in time "closed" the prior account at "consumer's request" and then started over the same month with new account numbers, some of which have fallen off my report as closed accounts and I have no idea why it was this way
For the purposes of this test I'll use the dates on the report
Cap One Platinum 2/2006 (I think originally this started in 97 or 98)
USAA AMEX 2/2007 (Pretty sure this is the actual date on this one as its also the "member since" date)
BOA M/C 10/2007 (Previously an MBNA card from 1996)
Cap One Platinum 0/8250
USAA AMEX 3199/19400 16.5% utilization on this card, 8% overall
BOA 0/13100
USAA AMEX 3199 -> 1299 plus whatever small finance charges I may have for the last month
Statement date is today or tomorrow, no other changes "expected," so this should be a good datapoint.
While we wait, I have a question. With cards aged this much, and utilization this low, do you know why your scores are not even above 750 already?
@NRB525 wrote:While we wait, I have a question. With cards aged this much, and utilization this low, do you know why your scores are not even above 750 already?
It appears I'm at the top of my scorecard/bucket due to tax liens. 
I'll start or join a thread about tax liens one day. 
I should be able to get withdrawals shortly after October 15. 
EQ showed up today...
I thought the simulator was optimistic on EQ, but I was hopeful!
EQ 723 -> 735
Here's a comparison of all EQ scores before and after.
This shows that the simulator might be good for FICO 8 scores, but it may not be good for 04 Scores.
