Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Karma
Profile Image

Question By
gzbsds

5 Contributions
74 People Helped
Issues with Credit Simulator
Can someone please tell me why when I go in and simulate 24 months on time payments my credit score goes down. I was under the impression that on time payments should bring your score up not down. I discovered this issue back around the first of August. The issue was acknowledge, but I have not heard back from any one since. Is this issue still being address or is it just being ignored and Credit Karma is hoping that I would just go away?
All Responses

Results 1-10 of 58Results per page: 5 | 10 | 25Page 1 of 6   Previous | Next
1 Contribution
29 People Helped
Most Helpful Response

Helpful to 29 out of 29 people

Don't even bother with the simulator. It doesn't work- and hasn't worked for months and months. There are countless postings on this very subject, but nothing ever gets done about it. Sours me on the rest of this entire website.

1 Contribution
14 People Helped

Helpful to 14 out of 14 people

I think the simulator is broken. It is a 'SIMULATOR' and therefore should only be looking at your current number and the changes you 'simulate.' It seems to only be able to lower your number or keep it the same.  I tried to 'simulate' everytning positive and the number did not change. adding anything negative lowered it.

Reply by
nicohicks

6 Contributions
12 People Helped
Helpful to 11 out of 11 people

The simulator is a P.O.S. Not only does it not simulate positive changes in your report, but the score that it does display is totally inaccurate. All three of my FICO scores are at least 30 pts higher than what it says my score is here. Identity Guard has a functional simulator that I recommend.

Reply by
Irondiesel58

3 Contributions
2 People Helped
Helpful to 1 out of 4 people

So if your number they give you is incorrect then the site is useless. Why simulat with a number that is incorrect to begin with. This is nothing but a site to collect our credit info to sell lists to credit reporting companies and anyone who want it. My E-mail has been just FULL of credit people who will get me better rates on cards help me pay down balances that I don't even have get me a mortgage. WHAT A SCAM AND I FELL FOR IT. Not only that but they have all my info. DAM!

Reply by
Irondiesel58

3 Contributions
2 People Helped
Helpful to 0 out of 2 people

I had the same result but not only did I pay on time the entire time but I also paid off my debit completely which in another question theysaid was better then taking time to pay it off. This site needs fixing. At the same time I checked with Experian and my actual score was 65 points higher then on CreditKarma. So all in all I don't think I'll be coming back here. Nice Idea but I've learned how to improve and what will hurt my credit and Experian has an actual paid service which I then found out Experian is creditKarma!!

Top Contributor
13 Contributions
46 People Helped

Helpful to 13 out of 16 people

The simulator works fine.  But it's based on fixed percentages that may or may not be accurate.  It also considers current position with these factors to determine if any impact will be made.

For example, if your utilization is 15%, doing the "Pay off all credit cards" won't do anything, because in CK's factors, anything less than 20% for utilization is as good as it gets.

I would like to see them add other random things - zero inquiries, close newest credit card, remove public record, remove all derogatory items, etc.

Top Contributor

Reply by
wazungu4

20 Contributions
34 People Helped
Helpful to 16 out of 17 people

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.

Reply by
blj7150

1 Contribution
3 People Helped
Helpful to 3 out of 3 people

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!

Reply by
ronscore

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

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.

Reply by
kamboss

2 Contributions
2 People Helped
Helpful to 1 out of 1 people

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.

Reply by
nicohicks

6 Contributions
12 People Helped

Not to beat a dead horse, but with Identity Guard you can customize your situation. Much more effective than this so-called credit simulator.

Reply by
crapocalypse

4 Contributions
0 People Helped

I totally agree.  It does seem like the "positive" choices are rather limited, doesn't it?   There are many simulators for negative items, but who plans on having a foreclosure or missing bills?  I want to see what changes I can do to make my score go up up up!!!!  :)

of course, my 3 maxed credit cards don't help me much.   I have no other derogatory items on my credit report, and i'm still stuck at 702.  I guess it's about time to start paying them down.

Reply by
amnielsen

5 Contributions
2 People Helped

I agree 100%.  I want to understand what happens to my score if I close my newest line of credit.  Will it go up bevause the average age of your open lines will increse or drop because you have less sources of credit

1 Contribution
8 People Helped

Helpful to 8 out of 8 people

True there are other factors at work,  but an on-time credit history should always be considered positive and make your score go up ... never down.   I have the same issue with the score going down when the only thing I try to simulate is an on-time credit history.

Top Contributor
13 Contributions
435 People Helped

Helpful to 3 out of 3 people

I'd like the option to test smaller payments. If we could see how much good paying off $100, $200, $500, etc. would do, it'd be far more useful. Going from $0 to $1000 in one click assumes a higher income and total debt that doesn't apply to lots of us living frugally on next to nothing.

Top Contributor
65 Contributions
129 People Helped

Helpful to 1 out of 1 people

does anyone know if the "adding a credit card" part of the simulator already considers the hard pull, or do you have to add that in from it's own category?

1 Contribution
3 People Helped

Helpful to 3 out of 5 people

the way to improve you credit score is to make a payment or pay  off the credit card PRIOR  to statement closing dates. The credit cards report your balance upon statement closing dates. So for example , if you have 1000 balance and make a payment of 200 before the statement date.. they will report 800 upon statement closing. If you pay the 1000 before statement, you balance will be reported a 0. The % amount of debt to available credit is what changes your score. The larger percentage of available credit to debt is what moves your credit scores up or down. % of less than 30 percent of debt to availalbe credit is the best to get the higher score towards fico

Reply by
precious0950

3 Contributions
0 People Helped

I pay all my credit card bills in full every months weeks before the closing statement date and they still show me using high amount of credit card not sure why, can anyone help me understand this,

8 Contributions
11 People Helped

Helpful to 1 out of 1 people

I think Credit Karma is broke period! Not just the simulator. My credit score goes down every month even though I have on time payments. I've added some small balances on credit cards because so many retaiklers are offering 24 months no interest deals that it would be silly not to take advantage of but that should be a small impact on my credit score. All other credit ratings from Transunion, equifax, etc remain high while CK has gone from 740 to 667. 

2 Contributions
1 Person Helped

Helpful to 1 out of 1 people

My on-time payments score is and has been 100%, yet simulating 24 months of ontime payments, according to the simulator, should increase my score by 16 points. But for the past 24 months (and longer than that) I have been paying on-time. So my score should not have increased as I cannot improve on my timeliness of the payments any more. :-)  

Top Contributor

Reply by
Clairissa

713 Contributions
2435 People Helped
Helpful to 4 out of 4 people

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.

Reply by
boulin99

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

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.

Reply by
jamiecwhitfield

2 Contributions
3 People Helped

The problem with the simulator regarding estimated changes is that it assumes you will only be paying off your card and not making new charges.  So, if you pay on time, but your utilization rate doesn't move much, you score doesn't either.

To increase your score, you have to have on-time payments, plus lower utilization, plus lower outstanding debt (especially credit card debt, but all kinds of debt apply).  If all three don't show improvement over the long term, then the score doesn't improve as much as the stimulator says.

2 Contributions
10 People Helped

Helpful to 5 out of 9 people

 They score us and the government can't even pay their own bills!

Reply by
halfelena

4 Contributions
6 People Helped
Helpful to 3 out of 4 people

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

Reply by
Wkmouzon

1 Contribution
0 People Helped

I have to agree with that one holy rose

Reply by
daiseymae7

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

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?????

Results 1-10 of 58Results per page: 5 | 10 | 25Page 1 of 6   Previous | Next

Reply to this Question

Write your response:
Enter Your Comments
 

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.