EQ Interactive Score Estimator - HELP - READ PLEASE.

[JamesKnox]

Hey Family,

So I am using the EQ Interactive Score Estimator and it's saying my current Revolving Credit UTIL is 118% -- Not really sure how they got that seeing that I have the charged off Cap One...was 200CL but balance is 355 and then I have new BofA 300 CL, 0 Balance because brand new. 

Anywho...it says UTIL is currently 118% and if I get my UTIL down to 1% the score could go from 532 to 659!!! OVER 100 POINTS?!! 

I know these are FAKO scores but should I expect FICO to change in a SIMILAR way?? I knowwwwww it may not be exact but should I expect a significant change like that i if I drop UTIL all the way down to 1%

Just FYI, their estimator makes it seem that the lower you go away from 9%...the higher the affect. So 1% UTIL results in higher score that 9%...but 0% UTIL results in LOWER score. Didn't know that. Learn something new EVERYDAY!

[Anonymous]

Remember that EQ scoring criteria is totally different from FICO.  What they are telling you is based soley on how they score something using their scores, not FICO.

If you have collections on your report I do believe those are included in their utilization.

I don't put much faith in any simulator.

[JamesKnox]

interesing.....