shllby1 Posted November 28, 2006 Report Share Posted November 28, 2006 I was fooling around with my credit score and that analyzer and according to it if we paid off our debt we would only move up 27 pts. Now if we have one year of making our car payment ontime it goes up about 60 pnts. How accurate are these? Link to comment Share on other sites More sharing options...
pilgrimfaraway Posted November 28, 2006 Report Share Posted November 28, 2006 If the one on bankrate, the it's completely useless. the information provided by that tool never lines up with results I have experienced. My understanding is that the only estimator that works well is the one in myfico.com.As to your question, you are looking at completely different variables:1. Pay off balances --- that's going to help utilization2. Pay all payments on time for a year - that affects credit age, time since most recent new account, age of all derogatories, etc#2 can very frequently weigh more than #1 - just depends upon the credit profile. Link to comment Share on other sites More sharing options...
shllby1 Posted November 28, 2006 Author Report Share Posted November 28, 2006 Thanks. Link to comment Share on other sites More sharing options...
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