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Valued Member
Posts: 39
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

Frequent Contributor
Posts: 373
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
July 2017: EQ 681/TU 668/EX 671

Discover IT $3800/Target $1300/NFCU CLOC $2000/NFCU Cash Rewards $20,000/PenFed Power Cash Rewards $18,000/Total Utilization 13%
Established Contributor
Posts: 1,429
Registered: ‎03-28-2017
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Re: FICO vs. FAKO – Share your FAKO stories

FAKO TU -- 696.  FICO - 600.  FAKO has consistently been 70-100 points higher than FICO.

Established Member
Posts: 19
Registered: ‎04-07-2017
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Re: FICO vs. FAKO – Share your FAKO stories

I'm still a little perplexed by this one:

 

VantageScore 3.0

CK TransUnion: 643 (5/5/17)

CK Equifax: 674 (5/1/17)

Credit.com Experian: 690 (5/5/17)

 

FICO Score 8 

MF TransUnion:  742 (4/30/17)

MF Equifax: 725 (5/4/17)

MF Experian: 658 (4/28/17)

 

Delta

TU FICO 99 points HIGHER than Vantage

EQ FICO 51 points HIGER than Vantage

EX FICO 32 points LOWER than Vantage

Average delta 60 points.


FICO 8 Scores (7/25/17) | Equifax: 729 | TransUnion: 699 | Experian: 696
Goal: 750 FICO 8 across the board
Gardening Since: 7/25/17
Contributor
Posts: 99
Registered: ‎12-26-2016
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Re: FICO vs. FAKO – Share your FAKO stories

My VS 3.0s are 744 across the board vs FICO 8s at 705 across the board.

 

I believe this is because VS are higher for lower AAoAs, since they begin to populate at only 1 month of history, whereas FICO requires 6.


717 EX (3 INQ) / 717 TU (2 INQ) / 717 EQ (3 INQ) | AAoA: 7 months | CL: $5,250
Established Contributor
Posts: 1,087
Registered: ‎02-07-2017
0

Re: FICO vs. FAKO – Share your FAKO stories


sapphireminer wrote:

My VS 3.0s are 744 across the board vs FICO 8s at 705 across the board.

 

I believe this is because VS are higher for lower AAoAs, since they begin to populate at only 1 month of history, whereas FICO requires 6.


This may help explain why my own VS scores are significantly higher than my FICO scores; I hadn't known this before.

Rebuilding credit since 12/14 Ch7 BK discharge. FICO 6/28/17:TU 646/EX 680/EQ 677 FICO 8 or 693 NG 2, VS 3.0 7/20/17: TU 705/EX 666/EQ 691. $800 Amazon Prime Store Card, $951 Cap One secured Platinum MC, $1200 Walmart Store Card, $2000 Apple FCU Platinum Visa, $3000 Penfed Power Cash Rewards Visa, $3000 Cap One Quicksilver MC, $3300 Discover It, $4000 Overstock Store Card, $10k PenFed used car loan, $5k Navient student loan. In the garden as of 7/2/17 AND THIS TIME I REALLY MEAN IT!!! (unless I get a preapproval I can't refuse...)
Super Contributor
Posts: 6,712
Registered: ‎10-30-2014
0

Re: FICO vs. FAKO – Share your FAKO stories

July 2015, Venture app. Reasons code letter sent by Capital One

MyFICO scores at the time: EQ 756 TU 775 EX 765

Vantage score on the Reasons Letter EX 712

 

Venture card $30k instapproval.

 

Since the original post in this thread was "impacted by FAKO scores" I guess my takeaway is that the scoring models are all applied within the scoring range, the bell curve, of that scoring model. Works as expected.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727 FICO Simulator 2014: $20k balances = 812 FICO.
March 2017 $20k on $300k 6% util EQ 824 TU 824 EX 815

9 / 24 counting down to 1 Nov 2017
New Contributor
Posts: 52
Registered: ‎04-21-2017
0

Re: FICO vs. FAKO – Share your FAKO stories

My Fakos are consistantly about 50 points lower than Fico across the board.

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