Credit Score Simulator

September 26th, 2020

credit cards

A Credit Score Simulator can help with “What If” scenarios to determine what you could potentially do to raise your credit score. It can also show you what could negatively impact your credit score. It is important to see how your credit choices might affect your credit score because your credit score will impact the underwriting of your loan, your interest rate quote, and even the cost of your mortgage insurance.

Some of the various things a Credit Score Simulator can measure to see how they will impact your credit score are:

  • Getting a New Loan
  • Opening a New Credit Card
  • Transferring Balances to a New Card
  • Closing Your Oldest Card
  • Having a Credit Application Denied
  • Getting a Credit Limit Increase
  • Increasing or Decreasing Your Balances
  • Paying Off a Collection Account

You shouldn’t do anything to your credit without knowing how it will impact your credit score! Feel free to contact me or start the pre-approval process, and if necessary we can go through a Credit Score Simulator to work on your credit score.

Brian Martucci is a loan officer for Capital Bank Home Loans, a division of Capital Bank, N.A. He has been in the mortgage industry since 1986 and has served in a number of roles, including loan processor, loan officer, mortgage broker, branch manager, and vice president. Brian Martucci – NMLS# 185421. His opinions do not necessarily reflect the opinions and beliefs of Capital Bank Home Loans or Capital Bank. Capital Bank, N.A.- NMLS# 401599. Click here for the Capital Bank, N.A. “Privacy Policy”.​

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