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tiburones5
Posts: 83
Registered: ‎04-05-2007
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Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

I've been working hard to pay down bills and dispute lates/collections on my report. My Fico Eq jumped 25 pts last month and about 16 or so puts on TU Fako.  Wed, my Fako Eq and Ex jumped (EQ 16pts from 559 to 575- today it jumped to 617.
 
I've paid down several accounts- three are showing on EQ, had one dispute remove a 30day late from an account.
 
I expect it to increase even more when the other 4 accounts get updated.  My question is, is there any correclation between your scores on your Fako increasing and scores on your FICO increasing as a result?
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

Technically no, but I hear more stories about FICOs being higher than FAKOs.
Senior Contributor
Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

My EQ FAKO and FICO are within 30 points of one another. FAKO is higher. YMMV. Some report a 100 point or more difference, but I find that to be the exception and not the rule.
Regular Contributor
daytona18
Posts: 205
Registered: ‎06-20-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

Noah, do you find that true just for EX, or for all scores?
Senior Contributor
Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico



daytona18 wrote:
Noah, do you find that true just for EX, or for all scores?


The FICOs I have for EX and TU are now about 6 weeks old, but my FICOs are current. However, at that time, I think the FAKOs were within about 10-20 of their FICO counterparts.
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

My FAKOs were all lower:EX 20, Eq 10 and TU 80
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Contributor
tiburones5
Posts: 83
Registered: ‎04-05-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

Well, before this jump, my FICO Equifax was 617 or 619 while my Fako was 558 then 582 then 575 now 617. So, in my case, my FICO's were higher.
 
However, I was asking if you see an increase on your Fako scores can one surmise that the Fico will also increase due to the same change on the credit report?
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fused
Posts: 16,374
Registered: ‎03-12-2007
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Re: Fako: Equifax Scores Jumped 42pts..hope that translates to Fico

As of yesterday all three of my Fico scores are 15-20 points higher than my FAKOs and its remained this way for several months.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)


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