Fako as a Barometer for Fico- What has

ScarletFever · ‎03-15-2008

been your experiences? I just had a bogus collection account from Verizon that was placed in January, removed. My fakos rose 45-70 pts on the three CRA's. Is there a corresponding correlation on Fico that I can use as a guesstimate? The scorewatch alerts are not really regular, and I can't wait...

.Citi FICO-836 Barclays TU FICO; 827. Discover Fic0-826; CK:EQ-821; TU-819; CS-819; Total credit-$165,500: NASA-29,700; AMEX BCP-17,000; AMEX EDP-20,000; CSP-14,400; Barclay Ring-10,000; Discover It-9,000; U.S.Bank Sig Visa13,000; United TeleTech Federal Credit Union-$9000; Citi Double Cash-9900; Citi TYP-7,700; Discover Cashback Bonus-7,200;Chase Freedom-6,500; AMEX HHilton Honors-5000; Barclay NFL Extra Points-$5000. Utility always 1-2%

dragnldy · ‎03-16-2008

Unfortunately, there's no "real" correlation between the FICOs and FAKOs. I've seen one go up when the other goes down and no real match on how far apart they are. But, generally, they give you an idea of whether you're making some improvement or not.

Ficos
3/7/08 TU-646 EQ-640 EX-650
3/17/09 TU-678 EQ 666
3/20/12 TU- 760 EQ 785
Util almost 0 and baddies all gone! now to gardening!

marty56 · ‎03-16-2008

My TU FAKO went up 21 points but my TU FICO stayed the same. Cost my 26 dollars.

Bst thing to use services like TC for is to monitor account balances and account status.

Ignore FAKO scores. One more time ignore FAKO scores.

1/25/2021: FICO 850 EQ 848 TU 847 EX

llecs · ‎03-16-2008

They are totally screwy for me anyway. My FAKOs (from TC) are anywhere from 40 to 90 points lower than my FICOs if pulled on the same day. Recently noticed that if FICOs go up, FAKOs have gone down and vice-versa.