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FICO simulator

Frequent Contributor

FICO simulator

How accurate do you think the simulator in FICO is in  predecting credit score movement?

Message 1 of 7
6 REPLIES
Community Leader
Super Contributor

Re: FICO simulator

Accurate twice a day but so is a stopped clock.

 

 

Message 2 of 7
Regular Contributor

Re: FICO simulator

Not. I am where it said I would be in 13 month plus. It has been 1. I'll take it. :-D
The Beginning 12/2017
Message 3 of 7
Super Contributor

Re: FICO simulator


@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.

Message 4 of 7
Valued Contributor

Re: FICO simulator


@babbles wrote:

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.



TU fico08=816 06/22/18
EX fico08=800 06/18/18
EQ fico08=826 04/18/18
EX fico09=823 06/02/18
EQ fico bankcard08=856 05/22/18
Message 5 of 7
Frequent Contributor

Re: FICO simulator

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.

9/2017 FICO8: EQ:585, TU:549, EX:580 | No opened accounts | 1 unpaid CO, 1 paid CO + related Col | several lates 2.5+ yrs ago
Current FICO8: EQ:703, TU:671, EX:671 | CC Util 2% | 2 paid CO + 1 related Col (deleted on EQ) | 3x 30 day lates 3-6yrs ago
AAoA: 10 to 11 years; Opened Acc Only: 8 months
Credit Length: 20 years
INQ (Eq/Tu/Ex): 2 / 4 (4 for auto) / 6 (5 for auto)
In 5 months, all serious derogatories fall off.
Message 6 of 7
Super Contributor

Re: FICO simulator

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. 

Message 7 of 7