FICO Score Simulator Question

[Lucid08]

Using the score simulator based on my current EQ report and score of 623, my score would jump to 641-671 if I pay all of my bills on time over the next 12 months. And if I apply for and get a new CC with a 2500 limit(which I have but isnt reporting yet) my score would increase to the same range of 641-671.

Just trying to figure out what will happen to my score once I get the card -AND- continue to make payments on time for the next 12 months. Will the points acquired for both activities be additive in that regard, or will I still be in the same point range of 641-671 even if I do both?

[GFer]

Still probably about the same range. So many other factors could happen simultaneously. Like aging of accounts.

And as everyone has said; myFico looks at your 'whole' report and any and all changes. New accounts typcially add between 3-10 pts on an average, from what I've read. But I'm sure they help your score to creep up, simply because revolving credit is scored higher than other types of credit.

Hence my most recent app spree (aimed at long term improvement)!

Hope this helps some.

[Anonymous]

The score increases will not be totally cumulative, but you will get more increase than either action alone. If you're at 625, and paying on time would raise your score to 670, OR improving utilization would get you 670, you'll probably go up to 690 or so for doing both.

[Lucid08]

Any idea what kind of score increase I will see when my only baddie(a paid med CA) drops off in sept or october?