Question on Experian FAKOs ...

[BullsEye10]

Which Experian FAKO is most accurate?

I am enrolled in CreditKeeper to monitor my credit reports, and it reported a Experian score of 713, and an Experian Score Tracker score of 721.

Discover's credit score tracker reported 674 (which I believe is supposed to emulate the Experian score)

Which has proven to be the most accurate?

As I really want an AMEX, I know Experian is the key score for me ...

Thoughts?

[lolabelle]

IME, Score Tracker wasn't too terribly far off.  It showed me a score of 746 on the day before I applied for an AMEX.  When I received the AMEX approval notice, it listed an Experian FICO of 760.

[Anonymous]

I find FAKOs to be all over the place for different people.  Sometimes higher sometimes lower.  I believe AMEX has their own internal scoring as well as looking at Experian FICO.  I would doublecheck that Discover uses Experian and assuming that is true, the Discover gives you a better idea where AMEX sees you.

[searchingfor67]

When I applied for my BCE, my freecreditreport.com score was 761...when I received my letter from Amex my Fico score was 767.

[marty56]

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@BullsEye10 wrote:

Which Experian FAKO is most accurate?

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All are accurate since the are based on the contents of your CR.  Almost none are used by lenders and none can reflect your FICO score or help to predict it

 If they happend to be close or even the same, it is bad luck FICO karma wise.

[pizzadude]

Rather than attempting to correlate a FAKO score to a FICO score ~ which IMO is usually not a good idea ~ I would look at your EX credit report and see whether it closely matches either your TU or EQ in terms of your credit history.   Based on that you might be able to infer something about your EX FICO if you know either your EQ or TU FICO scores.

[Anonymous]

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@BullsEye10 wrote:

Which Experian FAKO is most accurate?

I am enrolled in CreditKeeper to monitor my credit reports, and it reported a Experian score of 713, and an Experian Score Tracker score of 721.

Discover's credit score tracker reported 674 (which I believe is supposed to emulate the Experian score)

Which has proven to be the most accurate?

As I really want an AMEX, I know Experian is the key score for me ...

Thoughts?

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They can't be "accurate" in the sense of correlating with FICO, because they use different scales. If the FAKO goes from 250-950, and FICO is 350-850, how can you reasonably compare them?

I have PSECU, so I know my actual EX FICO is 686. But Alliant's FAKO gives me a 743 (!) and Credit Sesame gives me 695. The thing to do with a FAKO is track it against itself over time to see if your score is improving, not worry about the actual number so much.

[marty56]

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@Anonymous wrote:

The thing to do with a FAKO is track it against itself over time to see if your score is improving, not worry about the actual number so much.

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IMHO that won't work either since movement in a FAKO score could be oposite of movement in your FICO.  They only thing you should do when your FAKO score changes is to check your credit report for changes that could impact  your FICO score.  Unless your have to pay for the report that is.