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FICO vs. FAKO – Share your FAKO stories

Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

Well I think I am in the right place. I subscribed $4.99 at Experian.com to get my scores. It said "true Fico 8 scores" but I was just told that they are fako so I'm lost



Starting Score: 491 Across the board (1/24/18)
Current Score: TU 623 EQ 639 EX 659 (2-23-18)
Goal: 669 then 700 club across the board
Inquiries: TU 17/EQ 22 /EX 23
Gardening 2/23/18 to Dec 2019?



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Current Scores: 2\25\2018 TU 684 EQ 638 EX 659

3\11\18 TU 669 EQ 640 EX 636
Message 111 of 132
Valued Contributor

Re: FICO vs. FAKO – Share your FAKO stories


@wrote:

My EQ score provided by my EQ subscription has also become equal to the EQ score provided by myFico,  but I’ve never been sure that the score provided by EQ is truly a V3 score.

 

My TU scores provided on CK and TU subscription have always been identical, but the EQ subscription score has always been about 60 points less than the CK EQ score. And EQ has never been the same as the EQ on myFico, until last Oct. The two have been identical since.

 

Is it possible that EQ has begun providing FICO instead of whatever it was they were using previously?


Equifax provides a credit score based on their own internal model. They also offer a Classic Fico 04 score "mortgage score" called Scorepower. They don't provide VantageScore.

 

Their model's reported score range is 280 - 850. Example (from 2015) pasted below.

EQ credit score 2015.jpg

 

 

 

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 112 of 132
Member

Re: FICO vs. FAKO – Share your FAKO stories

TU FICO (free from Discover) - 707

 

TU Vantage 3.0 (free from CreditKarma) - 681

 

Interesting that the FICO score came out higher.

Message 113 of 132
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

Fico 8 Transunion on Bank of America credit card window. 

Message 114 of 132
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

To Newbie2018,

 

EX gives true FICO scores. TU gives Vantage 3. EQ gives whatever it is that they give, their own score. Not sure why EQ provides a one-off score.

Message 115 of 132
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

I've signed up to several Fako services: Credit Karma, Credit Sesame, Nerd Wallet, etc.  They've all recorded my scores at 657 this month, but today, CK posted a rise to my EQ score to 659.  My EX score as provided by my credit union, however, is 707.  Not exactly apples to apples, but it's a ballpark comparison. 


Starting Score: 701
Current Score: 727
Goal Score: 800+


Take the myFICO Fitness Challenge

Message 116 of 132
Contributor

Re: FICO vs. FAKO – Share your FAKO stories

I have a pretty great example of how FAKO can be great for general monitoring, but bad for moving on up.

At this point in my credit rebuilding, I have the 3B monitoring from MyFico. I'm in it to win it. I also have CreditWise from CapOne, and Credit Karma because I like to play little experiments with these. My latest mad science forray involved paying off every single one of my credit cards except one (AZEO method). Once that reported, Credit Karma took me from a 746 (EX) to a 713. MyFico, on the other hand? I went from a 705 (EX) to a 750. CK will also ding me piddly points when the interest on my deferred student loans increases...usually 1-5 depending.

 

Meanwhile, CreditWise is just hanging out, sipping a latte and trying to apparently be BFF's with CK because it does whatever CK does.

Starting Score: 523

Current Scores: EQ: 705 TU: 757 EX: 764

Goal Scores: 800 across the board



in the garden until 2019!
Message 117 of 132
Member

Re: FICO vs. FAKO – Share your FAKO stories

i recently xsfered balances to 2 new bt cards offering 0% intro. i wasnt aware of these forums and filled them both up putting them at 100% utilization with my daily driver pif  but always reporting 50-$70 balance due to items in pending transaction when statement cut. i lost nearly 100 points on all 3 ficos. ive since found this board and have now made sure to pay the daily driver (chase saphire) to 0 and let it mid cycle report that. within a day my tu and eq ficos gained 32 and 33 points respectively. my tu vantage according to ck and creditwise only gained 1 point. ive also paid off one of the 2 bt cards and paid the other one down to under 48.9% util so expecting big things come this next reporting cycle.

Message 118 of 132
New Contributor

Re: FICO vs. FAKO – Share your FAKO stories

So i like others have discovered the myriad of credit<blank>ma.com (wasnt sure if name dropping was allowed).

 

MyFico

Fico8
Ex 674 
TU 690 vs 726 Fako

Eq 681 vs 726 Fako


Starting Scores: EQ 681 TU 690 EX 674 - 3/13/2018
Current Score:    EQ 686 TU 698 EX 674 - 3/18/2018
Goal Score:         EQ 750 TU 750 EX 750 - 12/31/2018

Open:
Discover it - $0/$7500
Barclay       - $0/$2650
Ollo             - $0/$2000
Closed:
Sears (Citi)               - $1341
Lowes (Synchrony) - $3791

Utilization: 42.2%

NEVER EVER, close a card unless it is paid to $0... Even then reconsider.
#ILearnedTheHardWay
Message 119 of 132
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

Ex FICO (free from USAA) - 768

 

TU Vantage 3.0 (CreditKarma) - 778

 

 


Yes, just one card - by design.
May 2018 Score: 805 (FICO 9 - Experian)
Message 120 of 132