Re: Best ways to simulate what my score would beco... - myFICO® Forums

JNesbit89 · ‎08-28-2021

I have a good 750 FICO on Experian, but I'd like to see or guess what might happen if some of my future goodwill letters removed late reports, or if I removed a dispute, or removed a hard inquiry. Should I use the one on here or another? For instance I have a total of 3 accounts that have ever had late payments, and 2 of them only missed 1 month ever. If I could get those two fixed via goodwill letter, wonder if score would jump

Horseshoez · ‎08-28-2021

While the simulator here is better than others I've seen, it still sucks rocks compared to reality.

Chapter 13:

Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
Filed: 26-Feb-2015
MoC: 01-Mar-2015
1st Payment (posted): 23-Mar-2015
Last Payment (posted): 07-Feb-2020
Discharged: 04-Mar-2020
Closed: 23-Jun-2020

I categorically refuse to do AZEO!

In the proverbial sock drawer:

dragontears · ‎08-28-2021

@JNesbit89 wrote:
I have a good 750 FICO on Experian, but I'd like to see or guess what might happen if some of my future goodwill letters removed late reports, or if I removed a dispute, or removed a hard inquiry. Should I use the one on here or another? For instance I have a total of 3 accounts that have ever had late payments, and 2 of them only missed 1 month ever. If I could get those two fixed via goodwill letter, wonder if score would jump

To the best of my knowledge, there is no simulator that you can use to estimate a score change when late payments, disputes or inquiries are removed.

The effects of late payments are dependent upon the age and severity with the most severe trumping the less severe. For example, if you have 2 30 day lates and a 60 day late you can expect no score change for removal of the 30 day lates if the 60 remains.

Inquiries are a tiny number of points in the grand scheme of things and have no effect on your score after 365 days. In general, it is not worth fighting over as you frequently have to prove that it was a fraudulent inquiry.

For disputes, easiest way is to see what the score change was when the dispute was made.

SouthJamaica · ‎08-28-2021

@JNesbit89 wrote:
I have a good 750 FICO on Experian, but I'd like to see or guess what might happen if some of my future goodwill letters removed late reports, or if I removed a dispute, or removed a hard inquiry. Should I use the one on here or another? For instance I have a total of 3 accounts that have ever had late payments, and 2 of them only missed 1 month ever. If I could get those two fixed via goodwill letter, wonder if score would jump

From my experience, there is no such thing as a good simulator.