cancel
Showing results for 
Search instead for 
Did you mean: 

79 point increase in Fako ( Creditwise by transunion)

JDNJ
Established Member

79 point increase in Fako ( Creditwise by transunion)

Today I got a 79 point increase in my fako score (I'm too cheap to pay for fico at this early stage of rebuilding).  My score went from  553 to 632 ! It's a positve step to my rebuild. It had been 605, then dropped due to appying to cap one, and now has bounced since cap one just reported my new account and first payment, etc.   Thanks to all those on this board that have helped me !




3-23-19 FICO 669 Experian (free from discover)
March 21 2019 632 Fako (Creditwise by transunion), no score on experian

Feb 28 2019 553 Fako (creditwise)after applying to Cap One
Jan 31 2019 605 Fako (Creditwise)score per
Cap One QS $300
5 REPLIES 5
simplegirl
Valued Contributor

Re: 79 point increase in Fako ( Creditwise by transunion)

Did you try and get your score from discover? Their score is accurate from what I saw.








Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


Take the myFICO Fitness Challenge





Goals:

Get First Home in Summer 2025
Message 2 of 6
JDNJ
Established Member

Re: 79 point increase in Fako ( Creditwise by transunion)

I actually got my score from capital one, they use the credit wise product, which I believe is a transunion based score. Chase uses the same one. Thanks for letting me know about Discover, I'll look into that.




3-23-19 FICO 669 Experian (free from discover)
March 21 2019 632 Fako (Creditwise by transunion), no score on experian

Feb 28 2019 553 Fako (creditwise)after applying to Cap One
Jan 31 2019 605 Fako (Creditwise)score per
Cap One QS $300
Message 3 of 6
ImTheDevil
Community Leader
Super Contributor

Re: 79 point increase in Fako ( Creditwise by transunion)

Creditwise, as you stated, is a FAKO score and isn’t one that lenders use to judge creditworthiness. It’s nice to see a gain on it but that gain doesn’t mean much as the VantageScore model is calculated differently from FICO. Use the Discover scorecard to grab one of your true FICOs and that will let you start to see where you stand.


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | PenFed Gold | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 4 of 6
JDNJ
Established Member

Re: 79 point increase in Fako ( Creditwise by transunion)

Yes, thanks Devil, I plan to use the Discover site for that. I know they use experian, and right now I don't have any score on experian, so looks like I'll have to wait until the credit report update from Cap One works its way around.  I don't want to use discover to track until I at least have a score.

 

What is best move now, stay with only cap one, or should I apply for a second card. I know it's a short term hit, but long term may be better to have a couple cards. Honestly the 300 limit on cap one makes it mostly useless. I think even renting a car would require more than that for a two day rental.




3-23-19 FICO 669 Experian (free from discover)
March 21 2019 632 Fako (Creditwise by transunion), no score on experian

Feb 28 2019 553 Fako (creditwise)after applying to Cap One
Jan 31 2019 605 Fako (Creditwise)score per
Cap One QS $300
Message 5 of 6
gdale6
Moderator

Re: 79 point increase in Fako ( Creditwise by transunion)


@JDNJ wrote:

Yes, thanks Devil, I plan to use the Discover site for that. I know they use experian, and right now I don't have any score on experian, so looks like I'll have to wait until the credit report update from Cap One works its way around.  I don't want to use discover to track until I at least have a score.

 

What is best move now, stay with only cap one, or should I apply for a second card. I know it's a short term hit, but long term may be better to have a couple cards. Honestly the 300 limit on cap one makes it mostly useless. I think even renting a car would require more than that for a two day rental.


You can pay Cap-1 more than one time in a month its what I did when I was starting my rebuild, you should be in the credit steps program which will give you a CLI as long as you keep the payments current in I believe month 7. You actually need 3 open revolvers to drive your Fico score so yes I would be looking to get another couple of cards ASAP. 

Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.