How Accurate is Score Simulator?

[Anonymous]

On a scale of 1(WAY OFF) to 10(20-30 Points off like the estimated score says) How accurate is the simulator?


I am rebuilding credit, my score is 548 and i have 1 CC with a 300 limit and 259 balance, it says if i pay it down to 0 next month my score will be 628-658, really? ~80-110 pt increase? Does anyone have any experience with this?

[Barry]

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ziggytx wrote:
On a scale of 1(WAY OFF) to 10(20-30 Points off like the estimated score says) How accurate is the simulator?


I am rebuilding credit, my score is 548 and i have 1 CC with a 300 limit and 259 balance, it says if i pay it down to 0 next month my score will be 628-658, really? ~80-110 pt increase? Does anyone have any experience with this?

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While I don't think I'd expect that much of an increase from paying that balance off, reducing your utilization from 86% to 0% is a pretty substantial improvement, so you could see a decent increase in your score -- especially if it's been some time since your last late payment.