If you are not sure about how certain actions will either improve or negatively affect your credit score, you can find out by using a FICO score simulator. A FICO score simulator is a calculator that will tell you how certain financial decisions will affect your .It will allow you to make financial decisions and then it will calculate you new credit score. The simulator wont actually change your score, but it can give you some idea of how you can either improve or damage it. For example, you can. Some simulators will also give you some suggested actions that will help increase your credit score.To begin, you simply put your current FICO score into the simulator. Next pick a scenario, i.e, Im going to be late on this months car payment, I want to decrease my credit debt by 30%, I have paid my bills on time for a number of months. The simulator than tells you how much the FICO score changes in such a scenario. Its a useful planning toolYou may also want to determine how your FICO score would be affected if you missed a credit card for the next three months or if you declared bankruptcy. A FICO Score Simulator will help you answer these types of questions.The purpose of the simulator is to help you make good financial decisions. It also helps you to see how your actions, even though they may appear minor, can either improve or decrease your FICO credit score. They can be a huge help for individuals who are really concerned about their credit or who are committed to raising their FICO score.In the US, where credit is used so freely, having a high score is perfect when it comes to getting a loan. People with good credit can qualify for loans more easily and with lower interest rates and better terms. Therefore, ones credit score is very important. The FICO score simulator is a great tool to gauge how your daily financial actions and decisions can either put you in a better situation or conversely, in situation that will likely cause you more stress and not to mention, more money.You can find FICO score simulators on the web. Some arefree, supported by ads. They are really a useful planning tool, especially for individuals who have bad credit and are thinking about ways to improve it. Carefully and speedily determining how their actions can improve their score can give them a roadmap to doing so. Individuals can see how paying their bills on time or paying down their debts can significantly and quickly improve their credit score.