Simulator tool

[addicted_to_credit]

Has anyone used the score simulator tool and get close to what it says will happen if you do xyz?

[Remedios]

Yeah. It's a bs and treat it as such 

[Anonymous]

yes! it told me if i paid my balance in full my score would go up 17pts, and it did go up by exactly that many.

now it's telling me again the same thing, but my score will go up only 5pts this time.

i will find out on the 21st if it's correct again or not.

other than this, the simulations have been completely false.

[Anonymous]

Simulators are all trash and are nothing more than an uneducated guess.

[Anonymous]

Scoring simulators - even those provided by the CRAs like Experian  - are notoriously inaccurate and are not worth the time spent using them.

Their major limitation is that they attempt to model and predict complex human behaviors but their inputs are limited to a small range of discrete actions. Whereas in the real world an action is likely to trigger a range of outcomes, most of which will not be accounted for by a simulator.

[Anonymous]

Are you talkiing about the estimattor here on myFICO?

https://www.myfico.com/fico-credit-score-estimator/estimator

I find it to very accurate for me. I made about 15 different scenarios and saved them. If X then Y score=Z etc.

So far they have been very accurate. Whenever scenario X/Y happens my score falls exactly in the range the estimator says it is going to. I have a few more milestones/events coming up. I'm interested in if continues to predict my scores accurately. 

[addicted_to_credit]

Thanks guys and gals, yes I’m talking about the one here on my FICO I’ve been playing around with it and it looks like if I just stay the course, in about a years time I’ll hit 850 across the board weather I “pay my bills on time“ or just age it. I’m assuming what I need most is the aging of accounts.

I dont know that 850 will matter too much other than bragging rights 🙄 I hit 800 the other day in EQ and I didn’t get as excited as I thought I would. This place has been a fantastic place for information and I feel like I’ve only scratched the surface.

[Anonymous]

OP, what are your current age of accounts factors?

To reach 850, one typically will possess an AoYA of 12+ months, an AAoA of 7.5+ years and an AoOA of 12-15+ years.  That's not to say there aren't outlier examples where one of those conditions above isn't met, but I'd say in 90%+ cases those 3 pieces of aging criteria are met.

[addicted_to_credit]

@brutalbodyshots, oldest is 19 years 8 months
My AAOA is 7 years 6 months on EQ, 6 years 11 months on TU, and 7 years 5 months on EX. Youngest is 1 month across all 3.