Is there something wrong with TU's Score-Simulator?

[ScoreBooster]

I just received my TU-report (the one you get every three months). It says my score is 601. The simulator says my score will be between 691 and 731 if I pay my bills for 1 month. How's that supposed to work??

BTW, in 18 month, I could be as high as 781 - and that with a BK in 9/2010? That must be a glitch!

[AndySoCal]

The TU score it based most is not a FICO score. It could be a Vantage score.

[wednesdayaddamsd]

Andy,

The original poster is talking about the "Myfico" quarterly monitoring of TU. No where in his post did he say he was referring to another site. He is asking the question about myfico TU quarterly monitoring and its score simulator.

[MBOhio2]

I think there is! Just yesterday, the TU Score Simulator was telling that if I paid my current utilization from 54% to 49% ($2300 down), my score would actually drop 20 points!!

[AndySoCal]

Wednesday,

The of the post says TU"S score simulator not  MyFICO's. Secondly your FICO score would not rise that much in a month with that recent of a BK. So I doubt those scores are FICO's. I could be wrong.

MBOhio,

I have read several posts on the forum of others getting an increase when the util goes below 50%. Some get a bigger increase than others the amount of the increase would be related to the amount of impact it is having on your credit score.

[MBOhio2]

Andy - I believe the OP is actually referring to the TU score/simulator here as the name "Score Simulator" is specific to the myfico.com reports. Also, myfico.com has a quarterly TU product so it is consistent with what he said, so I'm guessing he is talking about products from here. And actually, I see lots of people on here with very recent BKs that have unbelievably high scores so that wouldn't surprise me at all. Apparently if you default on SLs 2 years ago, shortly after your graduation (like me) you aren't credit worthy at all, but if you filed for BK last year, you're totally fine

I realize that many people see a jump when going below 50%, but the myfico.com TU Score Simulator was saying my score would decrease for going below 50%, which obviously makes no sense, leading me to believe that it's experiencing issues

[ScoreBooster]

Yes, MBOhio2, I am indeed talking about the MYFICO TU-report and its simulator.

I'm familiar with the simulators from myfico for several years now but I've NEVER seen such a predicted score increase simply by paying bills on time for one month. In the past, such an action was rated with an increase between 0-20 points.

[ScoreBooster]

Well, I just called MyFICO and they are not aware of any problems. Here's what's going on:

Simulator Results

Your current FICO® Score is:

601

Your simulated FICO® score would be in the following range:

691 – 731

Pay Your Bills On Time for 1 Month(s)

Paying your bills on time is a substantial factor affecting your FICO® score. Generally speaking, if you have no negative items on your file, your score will remain fairly stable as you continue to pay your bills on time.

If you have some history of late payments, how recent they occurred is important. The more recently they happened, the more impact they will likely have on your score. As they age, their impact on your score will gradually lessen.

This simulation was based on your making payments on all of your bills for the next 1 month.

[CS800]

In my experiance with the score sims for both EQ and TU, they have always been as follows

EQ sim always about 20 points higher that what the outcome is

TU sim always about 15 points higher than the outcome.

The next test will be in 1 week for the EQ sim where I have a CC that has yet to update from a 90% util to 2%. On TU when this updated, it gave me a 23 points boost.

The sim tells me that I will be between 633 and 673 for EQ. I will report when that happens.

[MBOhio2]

That is very bizarre... I hate to dash your hopes, but unless something MAJOR is due to fall off in the next month, that has to be an error because paying bills on time simply cannot cause a jump that high.