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Posted in Credit Karma
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?
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Question By
gzbsds

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55 People Helped
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Most Helpful Response
Helpful to 24 out of 24 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.

Response by
kristinmunk

1 Contribution
24 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.

Response by
2picky2

1 Contribution
14 People Helped
Helpful to 10 out of 10 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
nicohicks

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

I find the simulator on KreditKarma rarely even works!!!!

Reply by
spsr

3 Contributions
4 People Helped
Helpful to 1 out of 3 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
1 Person Helped
Helpful to 0 out of 1 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!!

Reply by
Irondiesel58

3 Contributions
1 Person Helped
Helpful to 11 out of 11 people

Same issue with me. The biggest drag on my credit is the short age of my oldest account. Somehow, the simulator told me that 24 additional months of on time history, no other changes, would cause a 30 point drop. I have to assume it's broken.

Response by
cbishop

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

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.

Reply by
MR12707

1 Contribution
6 People Helped
Helpful to 2 out of 2 people

I have the same issue.  My overall score has been on a steady climb.  Suddenly, when I "simulate" my score and add 24 months of ontime payments my score drops a bit over 30 points.  Other than a short history, my report has no negative items on it and 100% on-time payments.  So I'd take anything the simulator says with a huge grain (tons) of salt.

Reply by
choupipi

1 Contribution
2 People Helped

On Identity Guard I simulated on time payments for 30 days and added a secured credit card with a balance of $1,000 and my score went up 17 pts. Which is exactly what I did. Now I wait to see what happens.

Reply by
nicohicks

6 Contributions
11 People Helped

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. 

Reply by
halfelena

4 Contributions
4 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.

Response by
jtaber79

1 Contribution
8 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

Response by
kingcake64

13 Contributions
202 People Helped
Helpful to 9 out of 11 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

Response by
revelated

13 Contributions
38 People Helped
Helpful to 15 out of 15 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.

Top Contributor

Reply by
wazungu4

20 Contributions
25 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
blj7150

1 Contribution
3 People 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
ronscore

1 Contribution
1 Person 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
kamboss

2 Contributions
1 Person 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
nicohicks

6 Contributions
11 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
crapocalypse

4 Contributions
0 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

Reply by
amnielsen

5 Contributions
1 Person 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?

Top Contributor

Response by
Daybreakgone

65 Contributions
113 People 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. :-)  

Response by
mrbofh

2 Contributions
1 Person Helped
Helpful to 3 out of 3 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.

Top Contributor

Reply by
Clairissa

1754 Contributions
696 People 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
boulin99

1 Contribution
1 Person 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.

Reply by
jamiecwhitfield

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

it just told me i would take an 8 point loss for a new card instead it went up 23 points. no other changes. 

Top Contributor

Response by
nbirnbaum2

243 Contributions
355 People Helped

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. 

Reply by
halfelena

4 Contributions
4 People Helped
Helpful to 2 out of 3 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

Response by
wldan

1 Contribution
2 People Helped

No matter how much you are ontime, you score will not change if you keep charging. What matters is the percentage of debt to credit limit.  I have been paying mine down each month ($600 payments per month) and charging very little. Each month my credit score rises.  So paying on time is only a part of it.  You must get the balances lower in terms of what you owe, e.g., if you owe $4,000 and your limit is $5,000 you are at 80%.  Pay $1,000 and you are at 60%.  Each month that the balance % goes down, your score goes up.  ALWAYS pay on time -- a late payment stays on your report for 2 years.

Reply by
lotus1000

3 Contributions
1 Person Helped
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