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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 106
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 106
Valued 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

FICO8FICO8Visit my posts:
03/1712/17My 11 Rules to Credit RebuildingFree FICO Scores!
550EX
570TU
559EQ
710EX
701TU
734EQ
FICO alert: why did my credit score drop???
Message 103 of 106
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 106
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 106
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? 

2/2012 CH13 filed; 1/2017 DC
Start EQ 568 TU 600 EX 627
Current EQ 676 TU 694 EX 699
1/2017 Car loan
$500 Credit builder loan, paid and closed 8/2017
Message 106 of 106