For the first time, I just obtained my FICO scores from MyFICO. Unfortuneately they are 585/608/618 as opposed to the scores I 'thought' I had through Privacy Guard as also reported today - 634/636/654. My question is this - how accurate is the MyFICO score simulator? According to MyFICO, I can raise all 3 scores up to the 700 range by simply paying about $5000 of my debt off. That would be fairly easy for such a significant increase. I am just a little PO'ed about the fact that I thought I was nearing prime rates for auto loans and mortgages and the truth is I am not that close at this point.
I just paid about $10k down on my balances to get them from 55% to 28%. The calculators all said I'd go up thirty points or more, so in a few weeks.. I'll be able to tell you for sure.
