Credit Advice

I do not think that it is not working properly, as my credit score does not move aswell! Yes, if after 24 months you pay on time I would expect your credit score to go up! Let me remind you all that the credit scores were not made to help out the public, but to help banks and they were made by banks! Why should they care if we do not have a perfect score, or what credit scoring they choose to use on each of use. I am sure that they will use what ever score, weather it be a FICO score a mid score or a specific credit scoring company they use (Example: TransUnion, Experian, Equifax) it will be in their favor, not ours! They are in the business of making money!!!... All they care is if YOU will add to their bottom line!... You are just a number to them and they do not care about the person! A good example of this, is look what happens if you lose your job! You need support not harrasmnet and do not need  more stress of the added headaches, they would add to your life! That is if you did lose your job! I would hope that they might allow you a extended time to help you out, to pay your debt! They need to work with you and not against you! For if your debt was a mortgage payment, it would be in their best interest to work with you, then have yet another house on their books and put yet another family out on the street to be homeless!... I always thought that we as Americans would not be discriminated against, but I see Credit Scores as Discrimination! Things happen to people, but that does not mean that people are always like the painted pictures credit scores paint them to be! Heaven forbid we have major catastophy through out the USA as people try to predict doomsday! What would a creit score matter then?

No, the simulator does not work fine. It says making on time payments will reduce your score and I have proof this is nonsense. For the past ten months the simulator has consistently predicted making on time payments will lower my score. I have continued to pay on time but my score has never dropped. The simulator has been wrong for 10 months in a row. It seems to work pretty well otherwise, but if you simulate on time payments it works backwards.

No, the simulator doesn't work at all.  I simulated lowering my credit utilization (raised my credit limit to 100,000), added 24 months of on time payments, and had nothing at all negative and no matter what positive factors I put in, it raised my score 1 point every single time.  And its not like my score is 849.  My credit score has plenty of room to go up and it doesn't soooo...the simulator is not working.

I just put in a 24 month pay history and my score went down 15 points so I would say this simulator is definitely on the fritz!

I have seen the simulator work in some instances as well.  However, I too would like it to be upgraded if possible to include what happens if you open a secured credit card with no inquiry, if you get a negative item removed, if you foreclose and/or get a discharge in bankruptcy which decrease your debt (maybe a catchall debt crecrease button might help w/these), I also need to know how becoming a authorized user simulates.  These would be a good start. Thanks.

You are right. Equifax has the same simulator and their system will increase your score as it should with ontime payments. Another problem I've had with Credit Karma's simulator is that my score has gone down each of the last three months and have made no late payments or opened any new accounts. With Equifax it has gone up like it should. The Equifax product costs a few bucks but is well worth it. Obviously the Karma product has bad code in it's program.

If you have a low number of credit cards and other loans.  Opening up a new credit card could be more positive than negative.  It will give you a lower average age to your credit but that is one factor.  The other is number of credit carda and loans.  With a low number of loans this would be good but with a high number of loans and credit cards this could be bad.  It also depends on the Credit Card when you get a card from a company that is hard to recieve a card from then it also has a more positive reaction.  Some of the things take 2-3 months to show up and you may have had positve things from past months showing up. 

I have this same situation with short age of accounts, and got this same result when I simulated 24 months of on-time history - A THIRTY POINT DROP.  Not exactly inspiring or encouraging.

I have found that the simulator seems to work on the first simiulation but not on any you make after that each time you visit the sight asuming you regularry delete cookies and stuff but once you have made more simulation it gets goofed up. 

I have to agree with that one holy rose

The goverment doesn't score us.  This is done by the private sector.

I agree totaly!!!  The people on this web site are probably all average americans that are trying to save what they have worked so hard for and can't even get help with their credit scores.  The simulator doesn't work so how are we supposed to know how to improve our scores?!!!  Either the average american person makes to much or not enough to qualify for help, THIS IS REALLY SAD!!!!!!!  We can't even get free information!!!!!!!  The average american people should be considered POOR NOT AVERAGE!!!!!!  And we are supposed to be the people that make this country?????

The credit simulator is a joke.  According to the simulator, after three whole months of ontime payments, my score will rocket up 90 points.  Nevermined I have 80 + months of ontime payments right now.

Same issue here. I have a flawless on-time record going back to prehistoric ages. :-) When I simulate 24 months of ontime payments, it says my credit score will go up 28 points. Well ... I've been paying ontime for a lot more than 24 months and I'm not seeing it. I've seen the simulator give other "at odds with reality" results over the years, as well. The simulator is a good concept, but as a workable tool, it's pretty bad. Credit Karma does many helpful things, but it's a wonder that they haven't improved the simulator long ago.