I have seen referene to a fico score simulator where it looks like you can experiement with what would happen if you for instance apply for a new credit card an get a new credit line of X dollars with it. I have looked but I only found: https://www.myfico.com/fico-credit-score-estimator/estimator/
Is this what others are talking about, or have I missed the correct simulator.
I think you have to have a myFICO membership to use the score simulator you are thinking about. It offers many ways to vary credit behavior for a FICO score.
There are a lot of free simulators/estimators. CreditWise has a free TU V3 with Capitol One. Amex has a free EX FICO version, with a Amex accounts. Chase also has a free V3 with Chase accounts.
One thing to keep in mind, I have used just about every score simulators and none are accurate for the most part except for the standard 5 point penalty for inquiries, even that is only relatively accurate up to 3rd inquiry of the last 12 months.
Last night I ran the simulator on Experian knowing my youngest account was reaching 1 year mark today, aging my report for 1 month yielded no scoring change on the simulator, when 3AM update came around, Ex score jumped from 806 to 827.
Take results from simulators with a bucket of salt.
That simulation doesnt work ,so last month said if I pay 500 my score will go up my ex will go up 20 points my tran will go up 32 and my eq will go up 40 points I pay 2k and just went up 10 to 13 points
Amex ED (2000) Amex BCE (2000) Amex macys (5000) Amex Gold , VENTURE (5000) MC PLATINUM (600) CAP QUICKSILVERONE (1250) CAP QUICKSILVER (4500) CAP QUICKSILVER (3500) PENFED AMEX (5000) PENFED CASH REWARDS (25,000) PENDFED REWARDS VISA SIGNATURE (20,000) UPROMISE (1000) NFL (4000) OVERSTOCK (2800) HSN (3200) DISCOVER IT(8500) AMAZON PRIME (10000) MARVEL(7000) BOF VISA(2000) BEST BUY VISA CITI (9000) BLISPAY (9000)Amex Magnet (10,000) Uber (3100)
WELCOME TO 100K CLUB . LAST APP 08/29/18 Credit Score 8 TU 720 EQ 705 EX 724
Starting Score: 640 Current Score: 720 Goal Score: 850
Simulators don't take into enough profile data to be able to give a solid prediction on what would happen to to scores. If they are somewhat right, it's a lucky guess and your profile simply matches the norm. Many are not the norm, though and people are often misguided by simulators.
Starting Score: 640