@babblesHow accurate do you think the simulator in FICO is in predecting credit score movement?
It's all profile-dependent. There have been people that have referenced simulators being accurate to within 5-10 points, where others have cited them being 100+ points off.
My stance is that they're garbage and should be ignored, even if they appear to get it "right" at times.
How accurate do you think the simulator in FICO is in predecting credit score movement?
Somewhere in the neighborhood of ouija boards and tarot cards.
They are accurate in a general way. If you generally do this, you'll generally see something like that. But everyone's profile is unique and I haven't seen a simulator that actually references my data points. The one here when I bought my reports obviously wasn't referencing any of the data in those reports and missed some very obvious score changes or had the changes completely in the wrong direction. Had it been actually looking at the data in my reports (which were just pulled), it would have know this. Especially since what actually happened with my scores is what was expected given the general knowledge on these forums of what little is know about the fico scoring models.
Most simulators that I've seen (I have not used one in probably 2 years) only ask a handful of questions, say, 10 to come up with their simulation. 10 isn't enough when there are many many more variables that go into a score and then an infinite amount of them when considered relative to one another.