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Posts: 15
Registered: ‎01-06-2017
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Re: FICO vs. FAKO – Share your FAKO stories

Hello, all.

 

I've been rebuilding for a little over a year now, and for the longest time my CK/Vantage score was always LOWER than my FICO 8 score. When I first started rebuilding CK had me at 534/534 while my EX FICO 8 score was 593. Nearly a 60-point difference! For most of last year my FICO was always about 60 pts higher than my score on CK. 

 

Then at some point about a few months ago, my FICO and FAKO scores were right around the same. My FAKO score caught up with my FICO (CK TU had me at 661 and EX FICO 8 was 656). Then, frustratingly enough, last month my Fingerhut account gave me a $600 CLI, and I paid down my balances, resulting in my CK FAKO scores jumping 30 points to 691. My FICO 8 score did not budge - even AFTER the update. My EX FICO 8 score stands at 656 - even though my UTIL dropped from 60% to 39% and my FAKO scores jumped over 30 points. Needless to say that irritated the heck out of me. Last time I paid my CC balances down back in October my FICO 8 score jumped 35 points!

 

As a result of my FICO not moving, my CK scores are now over 30 points HIGHER than my FICOs, so they've flip-flopped since last year. I just don't get it. Smiley Mad

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Posts: 185
Registered: ‎06-04-2015
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Re: FICO vs. FAKO – Share your FAKO stories


Loopyman76 wrote:

Hello, all.

 

I've been rebuilding for a little over a year now, and for the longest time my CK/Vantage score was always LOWER than my FICO 8 score. When I first started rebuilding CK had me at 534/534 while my EX FICO 8 score was 593. Nearly a 60-point difference! For most of last year my FICO was always about 60 pts higher than my score on CK. 

 

Then at some point about a few months ago, my FICO and FAKO scores were right around the same. My FAKO score caught up with my FICO (CK TU had me at 661 and EX FICO 8 was 656). Then, frustratingly enough, last month my Fingerhut account gave me a $600 CLI, and I paid down my balances, resulting in my CK FAKO scores jumping 30 points to 691. My FICO 8 score did not budge - even AFTER the update. My EX FICO 8 score stands at 656 - even though my UTIL dropped from 60% to 39% and my FAKO scores jumped over 30 points. Needless to say that irritated the heck out of me. Last time I paid my CC balances down back in October my FICO 8 score jumped 35 points!

 

As a result of my FICO not moving, my CK scores are now over 30 points HIGHER than my FICOs, so they've flip-flopped since last year. I just don't get it. Smiley Mad


I noticed that reducing my utilization realy affected my CK scores more than my FICOs also. I reduced it from about 35% to 8%. FICO EQ got a nice 12 point jump, FICO EX 9, and FICO TU got a measly 2 or 3 points.  Both CK scores shot up about 25.

 

TU was the one I was hoping to improve the most. I would have kept the $2500 in savings in lieu of a few point raise!

Ch 7 Discharge May 2015: EQ 588/TU 552/EX 570
March 2017: EQ 681/TU 659/EX 674

CreditOne $2200/Merrick $1700/Discover IT $3800/Target $1300/NFCU CLOC $2000/NFCU Cash Rewards $1000/PenFed Power Cash Rewards $2000/Total Utilization 5%

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