FICO vs. FAKO – Share your FAKO stories

[Anonymous]

My CK differed from my FICO for the past year.

My CK FAKO rose +33 last week and now is very close to my EQ FICO score.
EQ 759
TU FAKO 754
EQ FAKO 757

I haven't had any new HP for 7 months, gardening.

[Anonymous]

I have no idea where to ge those

[JBJBJB1]

I use both My FICO and Credit Karma, but there is no "Best Place" or really "Any Place" to get a guaranteed real credit score.  This is because Lenders score however they want, and while they may use standard FICO or Vantage, it is likely modified for internal use within the company.  Even if a credit card company or a mortgage company provides a free (usually Vantage Score) credit score for you on thier website, that is not necessarily what they use themselves!  

Here is a recent "real life" example. 

When I applied for an American Express Card, they pulled my exact FICO from Experian.  When I applied for my Chase Amazon Card, neither my Credit Karma Vantage Score nor my FICO score was used, rather they used something called a "Card Acquisition Risk Score V2, which scored me at a 729.  My FICO was 681 and Credit Karma was 742.

Check out this article. 

https://wallethub.com/edu/vantage-score-vs-fico-score/36859/

[909]

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@CreditRebuilder2020 wrote:

Right now for me......My FAKOS have weird fluxuations that don't make any sense either. They've jumped as high as the 590's but they've dipped back down into the upper 570's.

I've been north of 600 in my real scores for 3-4 months now 

My FICO scorecard 

647 EQ: 623: TU: 617

FAKO scorecard

EQ: 569 TU: 559 

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I’m not sure where your FAKOs come from, but if they’re from a site that recommends credit products I wonder if they’re recommending that you might increase your score by applying for an advertiser’s credit card, e.g. “You have fewer than optimal credit cards. Consider adding a credit card to improve your scores.”

In other words, CK and others aren’t offering credit scores, they’re offering engineered scores, comments about scores and paid advertising to sell credit cards to consumers. 

[Anonymous]

Well, currently these are my FAKO scores from CK:

TU - 753

EQ - 754

Here are my FICO Score 8 numbers (I don't have access to an EQ number from FICO):

TU - 796

EX - 810

Things look better with my FICO's than the FAKO's. The CK scores are still not reporting the new AMEX BCP nor the Chase Amazon card yet, the FICO TU isn't reporting them either, so I guess maybe next month. 

[Anonymous]

CK has me at 764 TU, and "real" FICO is reporting at 714. I subscribe to several of the FAKO sites like Wallet Hub and Credit Sesame. Honestly, while they are all just dressed up advertising for CC's, Credit Sesame is the worst. They spam me three or four times daily with "offers" that will "improve my utilization ratios". My favorite part is the "Very good" odds of being approved for Chase products when I know for sure they aren't going to approve me for anything because of 5/24. I feel like CK and the rest overestimate to make you feel confident about getting another card, incresing your chances of getting further into debt. It all seems so predatory to me. 

[Anonymous]

My scores are getting much closer with time, and paying down a chunk of debt on one card ~20% had a big impact. That increased my TU FICO +43. 715>758.

Credit Karma scores now very close to FICO.

CK
TU 755
EQ 757

FICO 8
TU 758
EQ 759

Didn't used to be this close, were very far apart prior to this month.

[BM3]

fako EQ shows growth over last 3 months from 670 to 738.  

today I paid to find out EQ hasn't @#$! moved in all this time from 671. I almost want to wish to think the paid site is broken. How can a score NOT move when new things happen, and other scores move by 70 pts in that time..

[DangerNoodle]

Credit Karma says my EQ is 698 and TU 714, when in reality my FICO EQ is 775, TU 794 (From Experian's tri-bureau score/report)

Almost a 100 point difference, makes me wonder how you could possibly call a score on Credit Karma a "credit score".

[Anonymous]

I've just joined myFico as of last week and I am so glad I finally found out what my FICO scores were.  I had been relying on CK for a while and when I went to apply for an auto loan, my score was significantly different than what CK was reporting!  I now know the difference between the "Vantage Scores" and true FICO and not looking back!