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Valued Contributor
Posts: 2,063
Registered: ‎04-01-2015
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Re: FICO vs. FAKO – Share your FAKO stories


PrinceCorwin wrote:

I was under the assumption that your FICO was generally lower than your CK FAKO. My FICO scores are actually higher across the board. Anyone else have this experience


My Fico 8 scores are always higher than my VantageScore 3.0 across the board. However, my Fico 04 scores are almost always lower than my VantageScore 3.0. 

 

The score offsets among models are hugely dependent on composition of accounts within individual profiles and account status. 

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)
VS 3.0:...... EQ 832 TU 832 EX 832 (3/2017)
Fico 8 BC:. EQ 887 TU 899 EX 900 (3/2017)
CBIS: ........LN Auto 940 LN Home 870 TU Auto 902 TU Home 950 (4/2017)
New Member
Posts: 3
Registered: ‎04-01-2008
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Re: FICO vs. FAKO – Share your FAKO stories

still dont understand the difference between Equifax.com, myfico, and equifax fico,  Myfico is 691, equifax.com 568 and eqifax fico 621....what am I missing here

Regular Contributor
Posts: 183
Registered: ‎05-07-2017
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Re: FICO vs. FAKO – Share your FAKO stories

So is paying for myFICO.com my real fico scores?

Valued Member
Posts: 111
Registered: ‎02-15-2017
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Re: FICO vs. FAKO – Share your FAKO stories

As of now my equafax ck is 726 and myfico equafax is 726...my CK TU is 651 and myfico equafax is 646. Either ck is getting better or myfico is slipping and so are the myfico alerts. My Experian myfico is 637 but it's actually 640 for almost 4 weeks and hasn't updated with myfico. I'm paying for monthly alerts that are getting slower and slower with myfico
FCZ
New Member
Posts: 1
Registered: ‎06-13-2017
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Re: FICO vs. FAKO – Share your FAKO stories

Purchased FAKO scores directly from TU and Equifax, right before applying for a mortgage to take out my construction loan, and my scores looked great.  Had BOA mortgage lender run my credit THE SAME DAY, and not only were my scores significantly lower, the difference was so huge, I can't qualify for the mortgage.  I've always maintained pristine credit, and I don't understand why this is happening.  My scores are:

 

TU FAKO (VantageScore 3.0): 800   TU FICO 4:  700

EQ FAKO : 753;   EQ FICO Beacon 4:  695

 

That's a difference of 100 and 58, respectively.  More important, it puts me below the 740 I need to qualify for a mortgage.  I've contested every single negative item - there weren't many.  They were:

 

A $100 "paid" medical collection from five years ago (I've contested - never should have been there to begin with)

One 30-day late payment on a credit card over a year ago.  That's one late payment across 20+ accounts (open and closed) in my ENTIRE record. (I've disputed this because it's due to a billing error).

 

I do have a $19K balance on one credit card (home furnishing for the new house I built), which I'm taking advantage of zero interest for 24 months, but it's not like I'm over extended.  In total, my revolving Debt to Credit Ratios, is 11%.  I do use my credit cards, but all but two are paid off every month.

 

Why am I getting killed on these FICO scores?

Valued Member
Posts: 39
Registered: ‎04-08-2017
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Re: FICO vs. FAKO – Share your FAKO stories

My LOL for the day....Credit karma updated Vantage 3.0 went up 100 points....784....lol. FICO is about 700 range with same credit items...soo....yeah lol.


Gardening: goal 2020

2016 FICO 642, March 2016 Vantage 602
Current: EX FICO 706, TU FICO 713, EF FICO 701, Vantage 691
Established Member
Posts: 155
Registered: ‎06-21-2017
0

Re: FICO vs. FAKO – Share your FAKO stories


elish2 wrote:

My LOL for the day....Credit karma updated Vantage 3.0 went up 100 points....784....lol. FICO is about 700 range with same credit items...soo....yeah lol.


Yeah my VantageScore is always higher than my FICO score.

 

Though I have noticed that they tend to have different reports.  All the data is there but they are sometimes coded differently.

Valued Contributor
Posts: 2,063
Registered: ‎04-01-2015
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Re: FICO vs. FAKO – Share your FAKO stories


FCZ wrote:

Purchased FAKO scores directly from TU and Equifax, right before applying for a mortgage to take out my construction loan, and my scores looked great.  Had BOA mortgage lender run my credit THE SAME DAY, and not only were my scores significantly lower, the difference was so huge, I can't qualify for the mortgage.  I've always maintained pristine credit, and I don't understand why this is happening.  My scores are:

 

TU FAKO (VantageScore 3.0): 800   TU FICO 4:  700

EQ FAKO : 753;   EQ FICO Beacon 4:  695

 

That's a difference of 100 and 58, respectively.  More important, it puts me below the 740 I need to qualify for a mortgage.  I've contested every single negative item - there weren't many.  They were:

 

A $100 "paid" medical collection from five years ago (I've contested - never should have been there to begin with)

One 30-day late payment on a credit card over a year ago.  That's one late payment across 20+ accounts (open and closed) in my ENTIRE record. (I've disputed this because it's due to a billing error).

 

I do have a $19K balance on one credit card (home furnishing for the new house I built), which I'm taking advantage of zero interest for 24 months, but it's not like I'm over extended.  In total, my revolving Debt to Credit Ratios, is 11%.  I do use my credit cards, but all but two are paid off every month.

 

Why am I getting killed on these FICO scores?


Collections, regardless of the amount and type are ignored in Fico 9 - if paid. The same may be true for VantageScore 3.0. Fcio 8 does not differentiate paid from unpaid collections. In Fico 8 and older models you need to negotiate a pay for delete - so they don't show on your report.

 

Collections under $100 should not hurt Fico 8 score whether paid or unpaid and $100 or more medical collections (if coded properly) should impact score less on Fico 8 than other types of collections.

 

Certainly a late payment can impact score significantly. If it is in dispute, the disputed item is excluded in scoring calculations. Perhaps the late showed in dispute on the database VantageScore used to calculate scores whereas the database Fico pulled from did not show a dispute.

 

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)
VS 3.0:...... EQ 832 TU 832 EX 832 (3/2017)
Fico 8 BC:. EQ 887 TU 899 EX 900 (3/2017)
CBIS: ........LN Auto 940 LN Home 870 TU Auto 902 TU Home 950 (4/2017)

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