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FICO vs. FAKO – Share your FAKO stories

Valued Member

Re: FICO vs. FAKO – Share your FAKO stories

Hello, all.

 

I've been rebuilding for a little over a year now, and for the longest time my CK/Vantage score was always LOWER than my FICO 8 score. When I first started rebuilding CK had me at 534/534 while my EX FICO 8 score was 593. Nearly a 60-point difference! For most of last year my FICO was always about 60 pts higher than my score on CK. 

 

Then at some point about a few months ago, my FICO and FAKO scores were right around the same. My FAKO score caught up with my FICO (CK TU had me at 661 and EX FICO 8 was 656). Then, frustratingly enough, last month my Fingerhut account gave me a $600 CLI, and I paid down my balances, resulting in my CK FAKO scores jumping 30 points to 691. My FICO 8 score did not budge - even AFTER the update. My EX FICO 8 score stands at 656 - even though my UTIL dropped from 60% to 39% and my FAKO scores jumped over 30 points. Needless to say that irritated the heck out of me. Last time I paid my CC balances down back in October my FICO 8 score jumped 35 points!

 

As a result of my FICO not moving, my CK scores are now over 30 points HIGHER than my FICOs, so they've flip-flopped since last year. I just don't get it. Smiley Mad

Message 91 of 156
Valued Contributor

Re: FICO vs. FAKO – Share your FAKO stories


Loopyman76 wrote:

Hello, all.

 

I've been rebuilding for a little over a year now, and for the longest time my CK/Vantage score was always LOWER than my FICO 8 score. When I first started rebuilding CK had me at 534/534 while my EX FICO 8 score was 593. Nearly a 60-point difference! For most of last year my FICO was always about 60 pts higher than my score on CK. 

 

Then at some point about a few months ago, my FICO and FAKO scores were right around the same. My FAKO score caught up with my FICO (CK TU had me at 661 and EX FICO 8 was 656). Then, frustratingly enough, last month my Fingerhut account gave me a $600 CLI, and I paid down my balances, resulting in my CK FAKO scores jumping 30 points to 691. My FICO 8 score did not budge - even AFTER the update. My EX FICO 8 score stands at 656 - even though my UTIL dropped from 60% to 39% and my FAKO scores jumped over 30 points. Needless to say that irritated the heck out of me. Last time I paid my CC balances down back in October my FICO 8 score jumped 35 points!

 

As a result of my FICO not moving, my CK scores are now over 30 points HIGHER than my FICOs, so they've flip-flopped since last year. I just don't get it. Smiley Mad


I noticed that reducing my utilization realy affected my CK scores more than my FICOs also. I reduced it from about 35% to 8%. FICO EQ got a nice 12 point jump, FICO EX 9, and FICO TU got a measly 2 or 3 points.  Both CK scores shot up about 25.

 

TU was the one I was hoping to improve the most. I would have kept the $2500 in savings in lieu of a few point raise!

Ch 7 Discharge May 2015
Discover/Target/NFCU CLOC/NFCU Cash Rewards/PenFed Power Cash Rewards/PenFed Pathfinder AMEX - $60k total revolving
EQ/EX/TU: FICO 8's Oct 2018: 700/685/671, 1% utilization/AZEO, INQ's: 6/2/4
Message 92 of 156
Senior Contributor

Re: FICO vs. FAKO – Share your FAKO stories

FAKO TU -- 696.  FICO - 600.  FAKO has consistently been 70-100 points higher than FICO.

Message 93 of 156
Established Contributor

Re: FICO vs. FAKO – Share your FAKO stories

I'm still a little perplexed by this one:

 

VantageScore 3.0

CK TransUnion: 643 (5/5/17)

CK Equifax: 674 (5/1/17)

Credit.com Experian: 690 (5/5/17)

 

FICO Score 8 

MF TransUnion:  742 (4/30/17)

MF Equifax: 725 (5/4/17)

MF Experian: 658 (4/28/17)

 

Delta

TU FICO 99 points HIGHER than Vantage

EQ FICO 51 points HIGER than Vantage

EX FICO 32 points LOWER than Vantage

Average delta 60 points.



FICO 8 Scores (11/30/18) | Equifax: 762 | TransUnion: 746 | Experian: 746
Goal: 750 FICO 8 across the board | Gardening Since: 4/8/18
Message 94 of 156
Frequent Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My VS 3.0s are 744 across the board vs FICO 8s at 705 across the board.

 

I believe this is because VS are higher for lower AAoAs, since they begin to populate at only 1 month of history, whereas FICO requires 6.


778 EX (5 INQ) / 784 TU (2 INQ) / 758 (FAKO) EQ (3 INQ) | AAoA: 1 yr, 1 mo (TU), 1 yr (EQ, EX)
Message 95 of 156
Valued Contributor

Re: FICO vs. FAKO – Share your FAKO stories


sapphireminer wrote:

My VS 3.0s are 744 across the board vs FICO 8s at 705 across the board.

 

I believe this is because VS are higher for lower AAoAs, since they begin to populate at only 1 month of history, whereas FICO requires 6.


This may help explain why my own VS scores are significantly higher than my FICO scores; I hadn't known this before.

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO 10/15/18:TU 671 FICO 8 or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 682 FICO 9 (NFCU 9/30), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $90,900 revolving credit as of 12/10/18; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.0k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $10.3k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: RESET THE CLOCK!!! 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 96 of 156
Super Contributor

Re: FICO vs. FAKO – Share your FAKO stories

July 2015, Venture app. Reasons code letter sent by Capital One

MyFICO scores at the time: EQ 756 TU 775 EX 765

Vantage score on the Reasons Letter EX 712

 

Venture card $30k instapproval.

 

Since the original post in this thread was "impacted by FAKO scores" I guess my takeaway is that the scoring models are all applied within the scoring range, the bell curve, of that scoring model. Works as expected.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812

Delta Reserve and CSP Jan 2018, no more 5/24 worries... unless new Chase Marriott/SPG replacement is enticing...meh, turns out not. [unless a 100k points SPG Luxury Upgrade appears... well lookie here...]
Message 97 of 156
Frequent Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My Fakos are consistantly about 50 points lower than Fico across the board.

Message 98 of 156
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

There are many flavors of FAKO, none nearly so bad as the Credit One FAKO.  Mine recently took a hit due to an app spree this summer, but the Credit One number is absurd.

 

Fico 8 Transunion  - 636

Fico 8 Experian - 618

Vantage 3 Transunion - 681

Vantage 3 Equifax - 684

Credit One "Credit Score *Powered by Experian*" - 563

In the garden as of 6-22-2018
Starting June 2017 EQ-629, TU-636, EX-637
Current as of September 2018 EQ-720, TU-706, EX-746
Goal for June 2020 EQ-740+, TU-740+, EX-740+

Message 99 of 156
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

My Fako's are usually 35-40 points lower that Fico 8 due to AAoC somehow being a full two years newer using V3.0. Same accounts, same dates but Vantage uses a broken calculator.
Message 100 of 156