WalletHub score stimulate 30 time/ 30 day limit

folks19 · ‎08-05-2020

I absolutely love using the wallethub app for my credit education because it updates every day (so I can learn what's on my report and see my credit health), and it also has this unique score stimulate that I found more accurate than others. (CK's, for example, estimates no score change for a missed payment and closing my oldest account...), but here's the thing: WH won't allow me to make more than 30 stimulates without waiting 30 days in between *for security reasons!!!* Does anyone know what's the security concern??? Maybe because I can see how to raise my score, then raise my CL, and than fund a terrorist atack??? Anyone have any idea???

AzCreditGuy · ‎08-05-2020

You realize that WalletHub is a TU vantage 3.0 score? Its not a real fico score....But I will say my Fico TU is 749 and Wallethub has me at 747? Its close but not the real score...I will say the Credit Analysis is excellent and breakdowns how a score is caculated. But also remember its only to check for changes, these sites like CK, CS all have the agenda to push cards on a consumer....Why are you running 30 stimulates? lol Thats like overkill.....

Anonymous · ‎08-05-2020

WH is great for daily updates to your TU report; daily report updates are fantastic.

But, that's about where it ends. As the previous poster referenced, the VS 3.0 scores provided are of minimal value and all simulators overall are garbage. Just because one "gets it right" a couple of times relative to others doesn't count for much. It's still nothing more than an extremely vague guess based on extremely limited input data.

Your best simulator would be the well versed members of this forum. Simply list out your profile data, ask a question of "what would happen if I did X or Y" and you'll get responses from members here that will make any simulator go cry in the corner.

Anonymous · ‎08-05-2020

@Anonymous wrote:
WH is great for daily updates to your TU report; daily report updates are fantastic.

But, that's about where it ends. As the previous poster referenced, the VS 3.0 scores provided are of minimal value and all simulators overall are garbage. Just because one "gets it right" a couple of times relative to others doesn't count for much. It's still nothing more than an extremely vague guess based on extremely limited input data.

Your best simulator would be the well versed members of this forum. Simply list out your profile data, ask a question of "what would happen if I did X or Y" and you'll get responses from members here that will make any simulator go cry in the corner.

I have no idea whether the Wallet Hub simulator is garbage or not, and why one would even want to simulate a Vantage score, but I don't believe that it is "based on extremly limited input data". The Wallet Hub simulator uses the Transunion credit report as input and then asks fairly precise questions on what changes to simulate. I wouldn't call that "extemely limited input data".

Anonymous · ‎08-05-2020

@Anonymous wrote:
@Anonymous wrote:
WH is great for daily updates to your TU report; daily report updates are fantastic.

But, that's about where it ends. As the previous poster referenced, the VS 3.0 scores provided are of minimal value and all simulators overall are garbage. Just because one "gets it right" a couple of times relative to others doesn't count for much. It's still nothing more than an extremely vague guess based on extremely limited input data.

Your best simulator would be the well versed members of this forum. Simply list out your profile data, ask a question of "what would happen if I did X or Y" and you'll get responses from members here that will make any simulator go cry in the corner.
I have no idea whether the Wallet Hub simulator is garbage or not, and why would even want to simulate a Vantage score, but I don't believe that it is "based on extremly limited input data". The Wallet Hub simulator use one's Transunion credit report as input and when asked fairly precise questions on what changes to simulate. I wouldn't call that "extemely limited input data".

It's extremely limited in that it only estimates one factor. There are many things that lead to a more accurate assessment like, for example, utilization percentages and age factors, where the simulators are only simulating change based on the one thing you select. You have to take the total profile into account when trying to estimate scores.

Anonymous · ‎08-05-2020

@Anonymous wrote:
It's extremely limited in that it only estimates one factor. There are many things that lead to a more accurate assessment like, for example, utilization percentages and age factors, where the simulators are only simulating change based on the one thing you select. You have to take the total profile into account when trying to estimate scores.

How do you know that the simulator does not consider utilization percentages and age factors? The simulator knows the credit report and so can compute all those numbers. Anyway, I have no idea what kind of computation the simulator does. All I'm saying is that the simulator has all the information it needs to make an accurate estimate. So in theory the simulator could be 100% accurate. But to avoid reverse engineering simulators are never allowed to be 100% accurate and I doubt that the people who programmed the simulator even were given the actual algorithm to compute the Vantage 3.0 score.

Anonymous · ‎08-06-2020

@Anonymous wrote:
All I'm saying is that the simulator has all the information it needs to make an accurate estimate. So in theory the simulator could be 100% accurate.

That's not correct. No simulator that I'm aware of takes into account all of the moving parts that go into the generation of a credit score. And like all similators, it only asks about a single change and that change can impact more than 1 thing.

I have no new accounts at all, no inquries etc. so I know that if I were to open a new account my score would drop. The simulator tells me that my score likely wouldn't change, which is absolutely false.

Anonymous · ‎08-06-2020

@Anonymous wrote:
@Anonymous wrote:
All I'm saying is that the simulator has all the information it needs to make an accurate estimate. So in theory the simulator could be 100% accurate.
That's not correct. No simulator that I'm aware of takes into account all of the moving parts that go into the generation of a credit score. And like all similators, it only asks about a single change and that change can impact more than 1 thing.

I have no new accounts at all, no inquries etc. so I know that if I were to open a new account my score would drop. The simulator tells me that my score likely wouldn't change, which is absolutely false.

How could the statement "the simulator has all the information it needs to make an accurate estimate" be wrong? The simulator has access to the whole credit report. What more information does it need? All the "moving parts" can be computed from the credit report.

I never claimed the simulator actually does those computations. I never claimed that the simulator is even close to being accurate. I'm only refuting your claim that the simulator has "extremely limited input data".

folks19 · ‎08-07-2020

@AzCreditGuy wrote:
You realize that WalletHub is a TU vantage 3.0 score? Its not a real fico score....But I will say my Fico TU is 749 and Wallethub has me at 747? Its close but not the real score...I will say the Credit Analysis is excellent and breakdowns how a score is caculated. But also remember its only to check for changes, these sites like CK, CS all have the agenda to push cards on a consumer....Why are you running 30 stimulates? lol Thats like overkill.....

I'm nor making decisions based on WH score. That's why I added in parentheses that I use WH to learn about what's on my report.

Anyway, I like running the simulates because I'm curious what my sccore would be if in a few months if I keep my accounts open, what would happen when I apply, etc.

folks19 · ‎08-07-2020

You are deffinitaly right about asking on site what would happen if X and Y, but for the purpose of my questioin now, I'm curious what is the security issue with running more than 30 simulates in 30 days? That just seems so odd do me, and that relly cought my attention, so I'm asking that here.

If it had to do with them wanting me to pay to use the simulater more than 30 times, I get it. But security issue? I just can't understand how in the world a credit score simulater can be a security threat???