Timothy wrote:
Fico Simulator"if you make 500 postson myfico forums your score will + or - 100 points."I think I can back that one up too.
dog wrote:
so, last fico eq report i pulled was at 590 (although scorewatch knocked me +4 last week and +1 this week, so i am really at 595). i ran score simulator on that report as follows:a) i simulate immediately paying off $700 of a total $785 revolving balance and it gives me 590-610 result.b) i simulate paying off $700 of a total $785 revolving balance "for one month" and it gives me 610-640 result.the only arguable difference that i can think of between the two options might be 1 month of aging in option 'b'....although i dont really think there is an actual difference between the two options. even if that were how the simulator is looking at it, is it really believable that one month of aging is going to be worth the minimum difference of 20 points (610 minus 590) and the maximum difference of 50 points (640 minus 590)??now let's toss suze orman in the mix and her simulator shows no increase in score at all, whether i pay off $785, $700, $500, $400, etc., etc.the bad thing about this score simulator is that it is on the fico website, and is a fico product. now why in god's name would fico, who obviously knows the fico algorithm, screw us around like this? if the fico score simulator were worth a dog crap, it would take the above simulations and give me a solid, accurate figure on where my score would fall after the simulation. in fact, the figure should be exact, i.e., 614 or 632, or whatever figure their algorithm came up with. yet another factor that shows how fico and the lending industry are playing hide the ball.(typos edited)
Message Edited by dog on 06-30-2007 08:33 PM
Ssssssssssssh 
