topic Re: TU FAKO closest to FICO in Understanding FICO® Scoring

TU FAKO closest to FICO

mattmil — Sat, 11 Jul 2009 23:42:09 GMT

Has anyone else noticed that the TU FAKO score is pretty darn close to the TU FICO score?

TU FICO - 668 TU FAKO - 676

EQ FICO - 577 EQ FAKO - 667

EX FICO - ? EX FAKO - 656

It seems like the EQ FAKO is way way off everytime whereas the TU FAKO is actually somewhat in the ballpark of the real score.

Knowing this, I'm wondering what the relationship between the EQ FAKO and EQ FICO is? What I mean is, for those of you that had the opportuninty to pull your EQ FICO before Feb 13th, how close was it to your EQ FAKO score?

Re: TU FAKO closest to FICO

mattmil — Sun, 12 Jul 2009 01:31:18 GMT

anybody? Is this a stupid question?

Re: TU FAKO closest to FICO

haulingthescoreup — Sun, 12 Jul 2009 01:52:34 GMT

No, it's not at all a stupid question. (Saturday afternoons are slow.)

But it's a coincidence. Back when I had TrueCredit with their TransRisk scores, my TU FAKO's were usually at least 40 points lower than my TU FICO's.

It sounds like whatever you have going on with your reports fits similarly with both scoring formulas. We have no clue how the TransRisk score formula works, so no telling why this happens in your case.

Re: TU FAKO closest to FICO

llecs — Sun, 12 Jul 2009 02:24:37 GMT

My CC-enhanced TransRisk score (found via Juniper) is 131 points lower than my TU FICO score when pulled on the same day this month. My TransRisk score via TrueCredit, last month, was about 45 points lower. Both scores have increased since and are about 10 points apart a week later. On average, my TransRisk via TC was about 70 points lower when pulled the same day.

ETA....DW's EQ FICO is over 100 points higher than her EQ PLUS score (a FAKO via Creditchecktotal) when pulled on the same day. Her TU FICO is about 20 points higher than her TU FAKO (PLUS also from CCT).

Message Edited by llecs on 07-11-2009 10:24 PM

Re: TU FAKO closest to FICO

marty56 — Sun, 12 Jul 2009 12:27:51 GMT

LOL my TU FAKO from TrueCredit is 707 which is fair/good in their rating scheme.

Re: TU FAKO closest to FICO

mattmil — Sun, 12 Jul 2009 18:54:27 GMT

ok thanks for the info -- I was hoping the FAKOs were'nt completely useless but it appears they are.

Re: TU FAKO closest to FICO

marty56 — Sun, 12 Jul 2009 20:31:50 GMT

EX Vantage score is used by Kohls as I understand.

Re: TU FAKO closest to FICO

RobertEG — Tue, 14 Jul 2009 07:26:35 GMT

I hate to use this sexist analogy, but will do so at my peril!

It is kinda like putting two guys in a room, and asking them to fill out written profiles of themselves, all factually evaluated as correct.

Then giving their individual personal profile of written past history to two women, and ask the women to evaluate their risk on attraction in a first date.

Let us call woman one "FICO," and let us call woman two "FAKO."

"FICO" and "FAKO" have the same data on the two men, but reach different conclusions based on their mental algorithms. One wants a date, the other declines.

If you want to then tell Ms FICO or Ms FAKO that they are wrong, I dont think there is any basis for this derision.

If you want to tell Ms FAKO that her opinion is useless because she did not process it the same way that the superior Ms FICO did, that is your prerogative, but not based on fact.

That is how I see credit scoring.

So it is with credit scoring.

Message Edited by RobertEG on 07-14-2009 12:26 AM

Re: TU FAKO closest to FICO

mattmil — Tue, 14 Jul 2009 19:16:07 GMT

kind of a complex analogy...

Re: TU FAKO closest to FICO

MattH — Fri, 17 Jul 2009 01:20:51 GMT

@mattmil wrote:
kind of a complex analogy...

I understand what the FICO scoring model wants a lot better than I understand what my wife wants

Re: TU FAKO closest to FICO

mattmil — Fri, 17 Jul 2009 05:10:16 GMT

lol ---- women are definetly complex creatures no doubt!

Re: TU FAKO closest to FICO

marty56 — Fri, 17 Jul 2009 09:11:48 GMT

@MattH wrote:
@mattmil wrote:
kind of a complex analogy...
I understand what the FICO scoring model wants a lot better than I understand what my wife wants

Amen to that brother. LOL, lucky for us FICO scores dont change as often as DW can change her mind.