Does anyone know if the FICO score simulator assumes that if have items in collection that they STAY in collection when it "predicts" your score?
To be clearer ('cause I don't think I'm being very clear at all) ... we have 3 accounts in collections and one tax lien -- they will come off (hopefully -- am PFDing my patootie off) within the next few months (fingers crossed, of course) ... so when I put in the FICO score Simulator that we'll pay 3 months on time, it predicts that our score will go up approx. 60 points.
Is this generic? Or is it considering the current situation, vis a vis the collections that are on there? If the collections come off completely, will that raise the score higher than what FICO SS is predicting?