@Anonymous wrote:
Excuse my silly prattle, but I'm in the garden so I'm attempting to amuse myself by trying to see what my score could look like a year from now.
My question is when attempting to estimate your score, do you enter what your credit report says IE my credit report shows no loans and only 7 credit card accounts with none closed. But in truth I've had car loans and a mortgage 15 years ago but they've fallen off.
In that same vain...I have a judgement that is due to fall off in 9 months if I can't get it off before then. Does fico somehow know that I have indeed had a judgement and mortgages even though they won't be visable from a year from now? Or do I answer the questions based on what's there?
BTW I know these things aren't exactly accurate. I'm just curious about my range.
The simulator works based on what is actually on your latest credit report. So if the report does not show the items that have fallen off, then they won't be included in the simulation. The same is true for the item that you expect to fall off - as long as it is on the report, it will calculate with it there.
Hope this answers your questions.
K 