Credit Karma has me at 654 TU/651 EQ. My FICOs are 729 TU/712 EQ.
It used to be pretty close until they switched to Vantage.
That is a huge difference. Fair lender vs good lender!
I noticed that for some reason my Credit Karma has been a lot lower, anywhere from 25-60pts, from the MyFico. MyFico was spot on from the what the bank pulled for the auto loan. I decided I just need to wait until the end of the year and I hope to be in the 620-630's.
1. Credit Karma/Credit Sesame
2. TransUnion and Equifax
3. Prior to joining membership here, I got my TU from capital one and Experian from Commerce Bank
4. I don't know which one they use, I assume 08, experian???
5. My first impresion was great. It still is great. Don't get me wrong, one is far superior to the other, but they both have uses. I feel like everyone should be able to have these everyday for free though. You shouldn't have to pay, to play the game. I figured out it was different when I read up about it here. My fako score was always close enough for me. I obtained half of my current cards with a fako. Now that I am going for higher score, I am taking things more seriously, and obviously wanted a daily score of experian too. Can't take chances, and having a score of 690, vs 705, can be the deciding factor for some lenders. I have actually found that my real fico scores are higher than my fakos.
my scores arent so similar now after adding all these accounts. even with up to date info coming from both, my current CK scores are: TU: 654 and EQ; 678. That is a huge difference. Now I kind of understand how they are not so accurate!!!
I think what is hurting me the most is my recently Completed CH13 and 4 old accounts that are showing up negatively. All 4 accounts are about 6-10 months from dropping off. It seems my real Fico scores are weighing them (4 derogatory accounts) heavier than all the Fako scores I have gotten. (ranging from 640-702 last month). I just had a new capital one card show up on my reports and my CK scores are now 712 TR and 720 EQ while my Fico scores are only at 595 TR and 631 EQ. My Trans union score pulled from Capital one has me currently listed as a 668. I am purchasing a new car in 2 weeks so I will report back with how I do. I'm looking putting 40-50% down on the car. I know my scores will most likely improve in 6-10 months so I will be able to refinance whatever rate I recieve.
PS I do have at least 5 past auto loans and 4 CC that show up positive and closed.
Pulled my Fico scores today and surprisingly, Credit Karma is the free FAKO I use, by the way, and they were quite close.
CK TU 650
Actual FICO TU8 646
CK EQ 648
Actual FICO EQ8 648
Hey there forums members! Have you ever been impacted in your financial journey to obtain a new loan or credit card by relying on a “credit score” you thought was a FICO® Score? We want to hear your story. Genuine FICO Scores are used in over 90% of lending decisions, while other “credit scores” (often referred to as FAKO scores) are rarely or never used by lenders to grant credit. Your story could help other consumers who find themselves in a similar situation. Have a FAKO story you’d like to share? Simply reply to this thread with your answers to the questions below.
- Where did you get your FAKO score?
- Which FAKO score did you receive and from which bureau?
- Where did you get your genuine FICO® Score?
- Which FICO® Score did you receive and from which bureau?
- What type of loan/credit were you applying for? (type, rate, terms, etc. are all helpful)
- Share your FAKO story (What was your first impression when you received your FAKO score? How did you figure out that it was not a FICO® Score or that it was different than a FICO® Score? How did the FAKO score impact your loan/credit experience? )
How about stories where the lender used a different FICO version than those that were available here?
DCU supposedly reports a true FICO but it is a go 20-30 points lower than the FICO that I get on this website. I had called DCU once because I was interested in applying for their credit card and they told me that I had to have a 620 EQ to qualify. At that point, myFICO was showing I was in the low 620s... applied and got declined with DCU showing an EQ of sub 600.
Up until the beginning of this year, I subscribed to EQ's credit monitoring. I was SOOOOO dejected because it showed my credit score as low 500s. I signed up for myFico and was stunned to learn that my scores were much closer to 600 (still not great but still -- when you are that low, it really makes a difference).
For the past three months I have PIF on my credit cards. I decided this month I was going to leave a 2% balance on one of my cards. My fico scores went up by an average of eight points and my vantage score went down by one point.