@MagicShot wrote:
@haulingthescoreup wrote:What this really means is pay off your balances as quickly as possible AND keep your history clean for the next 24 months, and then your score might be in that range.
It's has been semi-kinda-accurate for me in the past, but the problem is that a lot can happen in 24 months, and that will affect your score as well.
so providing nothing changes and I pay off my CC over 2 years my score should jump close to 800.
Providing nothing changes, yes. No new accounts, no old accounts falling off, no late, no CLD's, etc....The simulator is assuming the lower UTIL as well as the extra 2 years of added history to get you in that range.
@haulingthescoreup wrote:
@MagicShot wrote:
@haulingthescoreup wrote:What this really means is pay off your balances as quickly as possible AND keep your history clean for the next 24 months, and then your score might be in that range.
It's has been semi-kinda-accurate for me in the past, but the problem is that a lot can happen in 24 months, and that will affect your score as well.
so providing nothing changes and I pay off my CC over 2 years my score should jump close to 800.
Right, but you don't have to drag your CC repayments out over 2 years, paying all that extra interest. You can pay it off tomorrow (well, assuming you have the money), and then keep history clean for two more years, and at that point you should be around 800.
That "best action" is terribly misleading and needs to be rewritten, IMO.
Most of the the stuff I have is no interest payment for the next 12-36 months anyway 
So I plan to pay off the cards with interest much faster hehe
