FICO vs FAKO

[Anonymous]

For more info on FICO vs FAKO

My PlusScore vs FICO on Experian, pulled on the same day with the reports showing the same data is:

PlusScore:  774

FICO:       749

PlusScores are not a very close representation of FICO scores.

Also of note: My FICO score at zero credit card balances was 10 points LOWER than if I carried $500 balance ( 2% of total available credit card limits ) on one card.

Clarification: the scores compared above were for Equifax.

[laz98]

experian has my scores as 634/634/643.

[mazinaige]

Thanks for sharing your comparison.

[dytch2220]

FICO pulled today for an attempt at financing a home, FAKO 11/10.  70 point variance in the median score.  Needless to say, I was not approved.  I'm glad to know where I stand and now I know to a certainty that FAKOs are useless.  Now to begin the rebuild process...

FAKO (truecredit.com):

EX 640 TU 626 EQ 629

FICO:

EX 590 TU 559 EQ 531

I applied and was approved for the Capital One Secured Card, deposit going in a couple of days.  Will be CANCELING my truecredit membership.  Application for PSECU in the next few days also and subscribing to myFICO.  There be light at the end of this here tunnel!!

[Anonymous]

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@dytch2220 wrote:

FICO pulled today for an attempt at financing a home....70 point variance in the median score. 

I'm glad to know where I stand and now I know to a certainty that FAKOs are useless.   

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Great post dytch.  That just about nails it! 

We'll be pulling for you and that future mortgage.  And I'm glad you've nailed the importance on knowing FICO scores.

I'll add a few FAKO/FICO data points to yours, confirming that FAKO's and FICO's are different.  They are built on different algorithms which create different scores - in addition, the scores change in diverse directions and for diverse reasons.  A FAKO increase/decrease does NOT yield a FICO increase/decrease.  If you check both of our mortgage scores and my current scores, you'll see a distinct lack of correlations.

My mortgage pull:

FICO:

EQ 708   EX 720   TU 730

fako:

EQ 764   EX 679   TU 739

DH's mortgage pull:

FICO:

EQ 774   EX 690   TU 735

fako:

EQ 761  EX 762   TU 735

My Current:

FICO:

EQ 711   EX 723   TU 723

fako:

EQ 771   EX 792   TU 780

I've pulled tons of fako scores (I go through phases where I like to have credit monitoring services of various sorts).  It doesn't matter who the source is.  I've learned to ignore the FAKO scores and the advice that accompanies them.  I don't read them anymore.  I did for a long time, trying to discern any possible connection, but the reality is, once again, they are built on different algorithms, they create different scores and they adjust those scores based on differing criteria.

Best wishes again dytch!