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FICO vs. FAKO – Share your FAKO stories

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Anonymous
Not applicable

Re: FICO vs. FAKO – Share your FAKO stories

CURRENT SCORES:

 

FAKO:

 

CK-TU: 704

CK-EQ: 702

Credit.com-EX: 694

 

 

FICO:

 

8-TU: 676

8-EQ: 684

8-EX: 655

 

Good thing I went to check for my MyFICO real scores.. I would have been so excited and went straight the an Auto Dealership with my CK scores.

 

Message 171 of 338
Anonymous
Not applicable

Re: FICO vs. FAKO – Share your FAKO stories

Capital one is all over the place! But they love Vantage! one of the only Credit card companies I know that uses the Vantage scores more than FICO scores....and God only knows where they get there internal score from Smiley Sad....HATE cap one. 

Message 172 of 338
Anonymous
Not applicable

Re: FICO vs. FAKO – Share your FAKO stories

my Fico scores are TU 736 EX 721 and eq 723.....fako score are 650's across the boards...Vantage sucks.

Message 173 of 338
StartingOver10
Moderator Emerita

Re: FICO vs. FAKO – Share your FAKO stories

I had someone that recently applied for a rental (I'm a Realtor) and they supplied their Credit Karma scores to show they are qualified to rent the property.  Naturally, we couldn't accept those scores and had to notify them that they need to use a legitimate screening service.  It is difficult to overcome all the Credit Karma ads insinuating that landlords will accept a Credit Karma score for tenant screening.  It makes it very hard on the consumer and the landlord too (not to mention the Realtor that has to be the bearer of bad news).  

Message 174 of 338
Khalifa_Jayy
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

 

 FAKO:

 

CreditXpert Scores: EX [672] | EQ [681] | TU [677]

 

CreditKarma VantageScore 3.0: TU [754] | EQ [757]

 

CapitalOne CreditWise VantageScore 3.0: TU [754]

 

 


 

FICO 8

 

American Express FICO 8: EX [698] 

 

Bank of America FICO 8: TU [706]

 

 


 

 

So, basically I'm all over the map. I'm assuming FICO 8 is more accurate than VantageScore 3.0 or CreditXpert scores? Both AmEx and BofA claim "the scores that lenders use," though that seems like it's a FICO 8 catchphrase or marketing tagline, to be honest. Thoughts?

 

 



CreditXpert Scores: EX [672] | EQ [681] | TU [677] | American Express FICO 8: EX [698]

  

TOTAL CREDIT LIMIT:
FICO:
CREDIT AGE:

Message 175 of 338
909
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

FICO 8 and Vantage 3 track pretty well for me. Vantage is more erratic but all 6 scores are within 20 points ovevtge course of a year. I understand that's just me and my profile and others have different experiences.
Fico 8 Scores
7/2020: EQ - 842; TU - 832; EX - 848
10/2017: EQ - 823; TU - 835; EX - 824
05/2016: EQ - 712; TU - 706; EX - 710
11/2015: EQ - 694; TU - 651; EX - 653
5/2015: EQ - 670
5/2014: EQ - 653
11/2013: EQ - 645
05/2013: EQ - 656
11/2012: EQ - 646

Eight CCs ($179,500 CL, 0%-1% UTIL)
AoOA = 18.6 years, AAoA = 60 mos., AoYA = 18 mos.
One mortgage, one HELOC, no car loans.
Derogs from 2009 and 2010 now gone after 7 years. I started paying attention to credit scores in about 2014. It's taken a few years but credit scores are now good after starting in the high 500s back in 2011

Message 176 of 338
CYBERSAM
Senior Contributor

Re: FICO vs. FAKO – Share your FAKO stories

So I used one of my cards FNBO and put 67% balance on it to take advantage of 0% APR for 15/mo. Standard practice! My over all utilization is about 11% for now.

I figured my credit score would go down because of that one account and sure enough it did. Between 3 credit bureaus my FICO went down about 3 to 5 points. Seems reasonable and no complain.

Looked at Credit Karma and score went down -57 POINTS!!! Wahhhhht! I thought I missed a new collection or something but no! just the same balance reported that caused the massive drop!

No wonder why none of the banks use VantageScore for their final financial decision. Talk about Mickey Mouse algorithm...







                
Message 177 of 338
Anonymous
Not applicable

Re: FICO vs. FAKO – Share your FAKO stories

Well that's not true. The fico score you get here is pretty legit. They give you your fico score 8 which 90 percent of lenders uses. Mortgage companies uses a different version of the fico score. From what I been reading from some research myfico is probably the best place to get your scores outside the 3 credit bureaus.
Message 178 of 338
Anonymous
Not applicable

Re: FICO vs. FAKO – Share your FAKO stories

Credit karma- TU-610, EQ-579
MyFico-TU-684, EQ-697, EX-720.

I never did believe CreditKarma was correct. In my case, it hasn't been very helpful.
Message 179 of 338
Anonymous
Not applicable

Re: FICO vs. FAKO – Share your FAKO stories

Having the same issue. Dont know what to believe. All i know is i got denied from art van cause my score was at 554 but that's not what my fico score say it's at 624. So some one is lying. Btw that 554 score is a vantage score
Message 180 of 338
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