cancel
Showing results for 
Search instead for 
Did you mean: 

FICO vs. FAKO – Share your FAKO stories

Valued Contributor

Re: FICO vs. FAKO – Share your FAKO stories

Real FICOs

EXP 715

EQ   693 

TU   685

 

Credit Karma

TU 612

EQ 630

 

Quite the difference. I only use CK for monitoring the scores are completely worthless

Penfed gold
Penfed promise
NFCU cash rewards
NFCU Amex
Nfcu Platinum Citi simplicity
Discover
Amex BCE
Amex Magnet
Amex SPG
Wayfair
Care credit
Macys
Amazon store card
Walmart store card
Marvel card
FICO EXP 728 TU 723 EQ 718
Message 121 of 152
Established Member

Re: FICO vs. FAKO – Share your FAKO stories

Forgive me if this is already in this thread, but, where is the best place to get your ACCURATE FICO’s???
FICO8 Apr 9, 2017: EQ: 730 TU: 710 EX: 745
BOA World Rewards: AU $15.9K
CO Platinum MC: $2K
BOA Cash Rewards: $3.7K
CO Visa Plat: $1.75K
DESCO FCU: $10K
Sync VCF: $4K
Best Buy CBNA: $3.5K
Sync Care Cred: $2.5K
Chase Sapphire Reserve: $13.5K
AMEX BCP: $12K
Chase Marriott Rewards: $7.5K
Disco it Miles: $10.5K
Message 122 of 152
Established Contributor

Re: FICO vs. FAKO – Share your FAKO stories

FAKO.png

These are highly inflated while I'd love my scores to be not far from 800... I'll just close with looks can be deceiving ahaha. Smiley LOL

Gardening 2020-2021
Total CL 113k+ UTIL 0.01% Uber Visa, DoubleCash, Quicksilver, Discover IT, Freedom Ulimited, Blue Cash, Premier Rewards GOLD
Message 123 of 152
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories

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 




Jan of 2017 Credit Karma: 404
Sept of 2018: EX 652 EQ 626 TU 604
Total Credit Limit: $3000
Goal Score: 675 for all FICOS
Goal Card: AMEX GOLD (Upgrade offer May of 2019)
Message 124 of 152
Valued Member

Re: FICO vs. FAKO – Share your FAKO stories

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/

 

 

 

 

 

Message 125 of 152
Regular Contributor

Re: FICO vs. FAKO – Share your FAKO stories


@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 


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. 

Fico 8 Scores
10/2017: EQ - 823; TU - 835; EX - 824; Seven CCs ($125,500 CL, 0%-1% UTIL); AoOA = 15.5 years; AAoA = 60 mos.; AoYA = 18 mos.; one mortgage; one car loan; derogs from 2009 and 2010 now gone after 7 years. It's taken a few years but credit scores are now good after starting in the high 500s back in 2011
05/2016: EQ - 712; TU - 706; EX - 710
11/2015: EQ - 694; TU - 651; EX - 653
5/2015: EQ - 640; 11/2014: EQ - 653; 05/2014 EQ - 653; 11/2013: EQ - 645; 05/2013: EQ - 656;11/2012: EQ - 646;
Message 126 of 152
Valued Member

Re: FICO vs. FAKO – Share your FAKO stories

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. 




FICO TU - 759 (9/13/2018)
FICO EX - 759 (9/14/2018)
FICO EQ - No idea
Message 127 of 152
Valued Member

Re: FICO vs. FAKO – Share your FAKO stories

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. 

Message 128 of 152
Contributor

Re: FICO vs. FAKO – Share your FAKO stories

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.
Message 129 of 152
Valued Member

Re: FICO vs. FAKO – Share your FAKO stories

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!

Starting score 5/11/18: EQ: 575 TU: 573 EX: 565 Capital One Platinum MC: $200 Capital One Quicksilver One: $300 Credit One Platinum Visa: $650 SelfLender: $25 x 24mo Discover IT Chrome: $200 Comenity/ULTA: $400 Auto Loan: 2014 Nissan $11K Santander Opened March 2015
Closed: Total Visa $300 on 9/6/18

Message 130 of 152