Credit Karma Score Drop

[mongstradamus]

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@vanitybag wrote:

This is my very first post.  So please be kind everyone.  On 4/24/14 checked my CK score it was 735.  2 weeks later it is 722.  13 point drop.  all i did was pay for a Myfico scorewatch which was 783 BTW.   What's with them?  Or is it me???

BoA9700/Citicard 8900/ BoA Rewards7500/Amex Blue1800

MY Scores so far   EQ 800   Scorewatch FICO 783   waiting for more

thanks all

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One thing i would note is SW is EQ04/08 depending if they upgraded you, and CK is TU fako score. Usually my CK is much lower. You can see in my sig the huge difference between my CK scores and my TU08 fico from discover/walmart. 

CK is an fako score so i wouldn't take it too seriously 

[vanitybag]

Thanks for help on the CK score drop. 

Can I ask here what is a FAKO FICO?   Is the SW FICO real?

Is the Discover It Card FICO score a real FICO?

BoA World Points 1000/ BoAmericard 9700/ Citicard MC 8900/ BoA Rewards7500/ AmexBlue 1800/ Target Visa 200/ Catherine's1700

EQ: 800

EXP: 807

SW FICO: 783

CK: 722

GOAL: Life among the 800's  LOL  getting and keeping good credit and being rewarded for it.

[Involver]

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@vanitybag wrote:

Thanks for help on the CK score drop. 

Can I ask here what is a FAKO FICO?   Is the SW FICO real?

Is the Discover It Card FICO score a real FICO?

BoA World Points 1000/ BoAmericard 9700/ Citicard MC 8900/ BoA Rewards7500/ AmexBlue 1800/ Target Visa 200/ Catherine's1700

EQ: 800

EXP: 807

SW FICO: 783

CK: 722

GOAL: Life among the 800's  LOL  getting and keeping good credit and being rewarded for it.

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A FAKO score is a scoring model that is not used by lenders.  Stuff like Credit Karma, Credit Sesame, etc ... Some have higher correlation to FICO than others, but as always YMMV and don't ever take them too seriously.

FICO scores are based on the proprietary algorithm by Fair Isaac.  There are a lot of variants, such as auto-enhanced or bankcard-enhanced.  There are also various versions that are used depending on whether you are applying for a mortgage or credit card or other product, and different lenders will use specific FICOs from specific CRAs.

The Discover card FICO is a legitimate FICO, it is a TU08.  The Score Watch FICO is legitimate, it is an EQ08.

The Experian score you can purchase here is 08.  The Transunion score is a 98 and is essentially as useful as a FAKO.  It's very outdated.