cancel
Showing results for 
Search instead for 
Did you mean: 

FICO vs. FAKO – Share your FAKO stories

Frequent Contributor

Re: FICO vs. FAKO – Share your FAKO stories

CK

 

TU  723

EQ 724

 

MYFICO

 

TU  723

EQ  576

 

 

No typo,  huge difference in the EQ, nearly 150 points ! Beware !

 

 

Huge difference in EQ !!!

FICO :November 2016
TU-761 EQ 756. EX - 749
No Baddies
QS1 -$2,000. Care Credit $9,600.00 CHASE Freedom $3,000.00 Discover IT $1,000.00
Inq TU 4 EQ 3 EX 2
Message 71 of 121
New Contributor

Re: FICO vs. FAKO – Share your FAKO stories

 

  1. Where did you get your FAKO score?
  2. Which FAKO score did you receive and from which bureau?
  3. Where did you get your genuine FICO® Score?
  4. Which FICO® Score did you receive and from which bureau?
  5. What type of loan/credit were you applying for? (type, rate, terms, etc. are all helpful)
  6. Share your FAKO story (What was your first impression when you received your FAKO score? How did you figure out that it was not a FICO® Score or that it was different than a FICO® Score? How did the FAKO score impact your loan/credit experience? )

 

1 & 2- Vantage Score 3 FAKO's from Credit Karma (TU-751, EQ-749), Credit Sesame (TU-732), Quizzle (TU-750), Credit.com (EX-746), USAA (EX-728), CapOne (TU-751)

 

3 & 4- FICO Score 8's from Amazon Store Card (TU-782), AMEX (EX-764), Barclay (TU-769), Citi (EQ-787), Discover (TU-785)

           FICO Score 5? from DCU (EQ-738)

 

5- Only credit cards (CapOne QS, USAA Amex, CIti Simplicity). No loan plans for house (free and clear) or car (last payment next week!) anytime soon.

 

6- My only impression is that it seems the FAKOs used by the credit monitoring services are intended to make you think your credit score is lower than it actually is, perhaps to encourage you to use those services to improve your scores. I've never applied for a mortgage loan and it's been five years since my last auto loan application.  All I recall from that experience was that I had seen my FAKO from one of those monitoring sites and thought I had a 660-670 score, but the salesman came back and said my score was somewhere in the 740s, getting me a decent rate.

As of 11/05/2017: FICO8- EQ- 738, TU-766, EX-734 - FICO9- EQ- 746 - VAN3- EQ- 664, TU-690, EX-689 - EX NEX- 794

* DCU Platinum 10K * USAA Rewards Sig Visa 15k * Chase Amazon Rewards Visa 4k * Kohls 3k * CareCredit 5.5k * Amazon Store 5k * Citi DC 6.9k * Discover IT 19k * AmEx EveryDay 12k * Chase Freedom 6k * CapOne WEMC 10k * Barclay Cashforward 6.5k * Citi Simplicity 11.1k * USAA AmEx Cashback Rewards+ 15k * BoA Platinum Plus 10k * USBank Kroger 123 7k * Amex Hilton Honors 12.9k * PenFed Platinum Rewards 5k * BlisPay 5k * PayPal Cashback MC 8k * NFCU GoRewards 3.6k * Final 5k * Discover It#2 3k* Walmart MC 1k *
Message 72 of 121
New Member

Re: FICO vs. FAKO – Share your FAKO stories

How did you go about getting the EQ score up?

Message 73 of 121
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

Experian: 

FICO: 686

USAA Vantage: 715

 

Equifax:

FICO: 694

CK: 717

 

TU:

FICO: 689

CK: 713

 

I guess it's not a huge difference, but I really like seeing the 700 range on my FAKOs.  Oh well, hopefully I'll get there soon.  Another intersting thing: my AAoA on FICO reports ranges between 7-9 years.  On CK, it shows 1 year only.  I don't think they're taking the old baddie into account as much as FICO is. So maybe this is a snapshot of what my FICO scores will be when it falls off in May? 

Message 74 of 121
Member

Re: FICO vs. FAKO – Share your FAKO stories

I'm curious why we are comparing apples to oranges in some cases. If sites like CK and Cap 1 CW are using V3 then why would we compare it to Fico scores? They use different scoring models. 

Just here observing and learning!
Message 75 of 121
Super Contributor

Re: FICO vs. FAKO – Share your FAKO stories


SilkMandel wrote:

I'm curious why we are comparing apples to oranges in some cases. If sites like CK and Cap 1 CW are using V3 then why would we compare it to Fico scores? They use different scoring models. 


I agree!   There can be similarly large variations in FICO 8 vs the 04 versions for example.   I think the thread was more FICO marketing than anything else.   Though, to be fair, credit card lenders are generally more likely to be looking at some version of FICO than at Vantage.   But you still need to knw WHICH model for some of the issuers

Message 76 of 121
Frequent Contributor

Re: FICO vs. FAKO – Share your FAKO stories

CURRENT SCORES:

 

FAKO:

 

CK-TU: 704

CK-EQ: 702

Credit.com-EX: 694

 

 

FICO:

 

8-TU: 676

8-EQ: 684

8-EX: 655

 

Good thing I went to check for my MyFICO real scores.. I would have been so excited and went straight the an Auto Dealership with my CK scores.

 

________________________________________________________________________________________
Current FICO 8 Scores as of 02/17/17: TU: 687 - EQ: 683 - EX: 649

Cards: Amex Platinum & BCE 1K, Chase Fdm Ultd 1K, Jetblue 11.5K, Quicksilver 5K, Discover IT 9K, PenFed Plat Rwrds 8.5K, Amazon Prime Visa 3K, Citi Scrd 200.
Message 77 of 121
Contributor

Re: FICO vs. FAKO – Share your FAKO stories

 

 FAKO:

 

CreditXpert Scores: EX [672] | EQ [681] | TU [677]

 

CreditKarma VantageScore 3.0: TU [754] | EQ [757]

 

CapitalOne CreditWise VantageScore 3.0: TU [754]

 

 


 

FICO 8

 

American Express FICO 8: EX [698] 

 

Bank of America FICO 8: TU [706]

 

 


 

 

So, basically I'm all over the map. I'm assuming FICO 8 is more accurate than VantageScore 3.0 or CreditXpert scores? Both AmEx and BofA claim "the scores that lenders use," though that seems like it's a FICO 8 catchphrase or marketing tagline, to be honest. Thoughts?

 

 



CreditXpert Scores: EX [672] | EQ [681] | TU [677] | American Express FICO 8: EX [698]

  

Message 78 of 121
Established Contributor

Re: FICO vs. FAKO – Share your FAKO stories

So I used one of my cards FNBO and put 67% balance on it to take advantage of 0% APR for 15/mo. Standard practice! My over all utilization is about 11% for now.

I figured my credit score would go down because of that one account and sure enough it did. Between 3 credit bureaus my FICO went down about 3 to 5 points. Seems reasonable and no complain.

Looked at Credit Karma and score went down -57 POINTS!!! Wahhhhht! I thought I missed a new collection or something but no! just the same balance reported that caused the massive drop!

No wonder why none of the banks use VantageScore for their final financial decision. Talk about Mickey Mouse algorithm...





Message 79 of 121
Contributor

Re: FICO vs. FAKO – Share your FAKO stories

Credit karma- TU-610, EQ-579
MyFico-TU-684, EQ-697, EX-720.

I never did believe CreditKarma was correct. In my case, it hasn't been very helpful.
Message 80 of 121