No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
How relaible is simulator. It says I'll gain about 40-50 points if pay off all my outstanding 113K debt in 6 months. How realistic is it ? I am planning on making settlements and hopefully get COs/CAs out of my life. About 113K in CO and 22k in CAs. If I am able to do that how much score gain can I see. Right now I am mid 500s. Hoping to get into 600 club soon. It is realistic to reach that goal in 6 months ?
@Red1Blue wrote:How relaible is simulator. It says I'll gain about 40-50 points if pay off all my outstanding 113K debt in 6 months. How realistic is it ? I am planning on making settlements and hopefully get COs/CAs out of my life. About 113K in CO and 22k in CAs. If I am able to do that how much score gain can I see. Right now I am mid 500s. Hoping to get into 600 club soon. It is realistic to reach that goal in 6 months ?
The simulator is just as it states in the name - a simulator. Its possible to gain that many points since the balance will be reported $0 and the utilization would be brought down, but its also hard to say since there could be other factors that come into play but as the paid CO/CA age, your score will approve and any existing positive payment history reporting will help as well. Removal of a CA or CO would also help your score. I would suggest worrying about everything paid or settled so they can be knocked out then once everything is taken care of, the rest will just be done in time.