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FICO vs. FAKO – Share your FAKO stories

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Valued Contributor

Re: FICO vs. FAKO – Share your FAKO stories

Yes VantageScore 3.0 is used in the rental market by various landlords to screen potential tenants. That is a primary target market for VS3 and VantageScore has been successful in that market segment.

 

Links to this have been provided previously.

Fico 8: .......EQ 850 TU 850 EX 850 (3/2017)
Fico 9: .......EQ 850 TU 850 EX 850 (3/2017)
Fico 4 .....:. EQ 804 TU 823 EX 830 (3/2017) EX Fico 98: 839 (3/2017)
VS 3.0:...... EQ 832 TU 832 EX 832 (3/2017)
Fico 8 BC:. EQ 887 TU 899 EX 900 (3/2017)
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950 (4/2017)
Message 101 of 116
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

So here's my story.

 

About a year ago I started to get serious about my credit. My scores were in the high 400's to low 500's according to Credit karma.

 

Throughout this past year I've been getting everything cleaned up on my report and currently have only 1 late pay from nearly 5 years ago. I've also opened up a number of credit cards and started using them. Initially I thought carrying a balance of 50-60% or more per card was the way to build credit fast. (I know better now) Even with these high balances my scores all started to creep up over the 600's..according to CK that is. Currently I am under 15% utilization and all of my scores are over 650 according to FICO 8. However, once I paid down all those balances my CK scores have actuallt dropped by as much as 90 points. lol..

 

In short, going from >60% utilization to less than 15% dropped all my scores back to the low 500's according to CK. lol

Message 102 of 116
Senior Contributor

Re: FICO vs. FAKO – Share your FAKO stories

Decided to go back and chart the variance between FAKO Vantage Scores and FICO8 scores using TU as an example.

 

Some data points in the beginning and at the end are missing, especially recent ones that I need to update.  I can't get access to my VS scores before a certain early date but am looking for them to show the 100 point difference early on.

 

As you can see, there are numerous places where VS would show me approved for a given credit product but I would get declined as FICO8 was way lower.  Also, vice versa, there are times VS shows me too low for approval but FICO8 was much higher.

 

vantage-vs-fico8.png

Message 103 of 116
Valued Contributor

Re: FICO vs. FAKO – Share your FAKO stories

Below is a list of Non-Fico score ranges by model.

 

Equifax (4/2017)CreditReal WorldModel
Score DescriptionModel VersionScore RangeScore Range
VantageScore 3.0VS 3.0300 - 839300 - 850
VantageScore 2.0VS 2.0501 - 990501 - 990
EQ Equifax credit scoreProprietary from EQ 280 - 850
EQ Auto Insurance RiskLexisNexis CBIS 300 - 997
EQ Property Insurance RiskLexisNexis CBIS 300 - 997
EQ PrivacyGuardCreditXpert 350 - 850
TransUnion (4/2017)CreditReal WorldModel
Score DescriptionModel VersionScore RangeScore Range
TU VantageScore 3.0VS 3.0300 - 839300 - 850
TU VantageScore 2.0VS 2.0501 - 990501 - 990
TU Equifax Credit ScoreProprietary from EQ 280 - 850
TU Home Insurance RiskTU CBIS model150 - 950150 - 950
TU Auto Insurance RiskTU CBIS model150 - 950150 - 950
TU PrivacyGuardCreditXpert 350 - 850
Experian (4/2017)CreditReal WorldModel
Score DescriptionModel VersionScore RangeScore Range
EX VantageScore 3.0VS 3.0300 - 850300 - 850
EX VantageScore 2.0VS 2.05?? - 990501 - 990
EX Equifax Credit ScoreProprietary from EQ 280 - 850
EX National EquivalencyProprietary from EX 360 - 840
EX Plus ScoreProprietary from EX 330 - 830
EX PrivacyGuardCreditXpert 350 - 850
Fico 8: .......EQ 850 TU 850 EX 850 (3/2017)
Fico 9: .......EQ 850 TU 850 EX 850 (3/2017)
Fico 4 .....:. EQ 804 TU 823 EX 830 (3/2017) EX Fico 98: 839 (3/2017)
VS 3.0:...... EQ 832 TU 832 EX 832 (3/2017)
Fico 8 BC:. EQ 887 TU 899 EX 900 (3/2017)
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950 (4/2017)
Message 104 of 116
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My credit karma says tu 764 and it's vantage 3.0

My Walmart FICO says tu 770 and it's FICO score 8.0

It would seem ck is usually lower.


My credit .... It's over 9,000!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Message 105 of 116
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My CK scores haven’t changed in the past week, but in one day, my CK approval odds have changed radically across almost all of the credit cards for which they provide odds. Many cards that yesterday CK said I had Very Good odds for approval shifted to Fair. I subscribe to all 3 credit bureaus and my scores with them have also not changed in the past week. Has anyone else had this happen? Is something going on that may have caused this? 

Message 106 of 116
Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My FICO scores and my FAKO scores are pretty close. Close enough for the chance of reporting time errors. One of the places that I get a FAKO score is from Experian. Somehow I won the prize  a few years and I get a free daily credit report and a CS. The problem is that the score seldom changes. It's been stuck at 735 for over six months. This has happened before and I em'd EX. It went up slightly a few days later. It's nice getting the free CR. Other scores have me in the 765 range, both FICO and FAKO.

Message 107 of 116
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

CretitWise by Cap1 and CreditCarma are inflated and fake.

 

CreditCarma seems to add 100 points somehow.

 

The only way I find my "real" FICO score is in Denial Letters...

Message 108 of 116
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

I don't know at which point they diverge, but my EQ VS score and Fico XD were almost identical in October.
Message 109 of 116
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My EQ score provided by my EQ subscription has also become equal to the EQ score provided by myFico,  but I’ve never been sure that the score provided by EQ is truly a V3 score.

 

My TU scores provided on CK and TU subscription have always been identical, but the EQ subscription score has always been about 60 points less than the CK EQ score. And EQ has never been the same as the EQ on myFico, until last Oct. The two have been identical since.

 

Is it possible that EQ has begun providing FICO instead of whatever it was they were using previously?

Message 110 of 116