FICO SIM

[Anonymous]

I currently have 

Macys

Barclays Reward

Wells Fargo

Target

Brooks Brothers

[iv]

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@Anonymous wrote:

Hello, 

I have a question. I just tried the FICO Simulator it is saying that if I apply to new credit over a period of 6 months once per a month that my score will go up 30 points. Why is this? My scores are 529 539 and 529.  Is it time for me to get new credit cards more so secured credit cards? 

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I'm guessing that you have a fairly "young" set of accounts on your report?  I suspect that the "6 months" part of the simulation option is what's having the biggest effect here - it's not that applying for new credit is having a positive effect, but that aging your existing accounts another 6 months is.

That said, take simulator results with a whole shaker of salt. Do not take them as necessarily accurate in magnitude or even direction...

[gdale6]

Two threads on the same subject have been merged into this one. OP please do not cross post in the future its not inline with our TOS and it leads to confusion by the members. Thanks for your understanding on this.