Fako vs fico

[tblank65]

 wanted to ask a question on the fako fico debate.....which report actually gives the truest of the truest report truecredit=621.......fico=651 as of March12 09, just a curiousity since in Nov my score were barely on the 500 plateau

[haulingthescoreup]

FICO's are the ones that matter, because they're the ones that are used by lenders.

You could argue that they're all "true", according to the varying formulas that generate them. But FICO's are the most useful.

[tblank65]

So what your saying is when a lender pulls a transunion report he see numbers and debt according to the fice and not true credit

[haulingthescoreup]

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tblank65 wrote:
So what your saying is when a lender pulls a transunion report he see numbers and debt according to the fice and not true credit

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Right. The TrueCredit "TransRisk" scores are a gimmick convenience to the consumer to go along with the TC reports.

TrueCredit is fine for monitoring reports, or at least it was when you could pull all three reports daily. But their scores are garbage. My FICO's change around all the time, and my TC scores just sit there. Or vice versa.

My FICO's are in my siggy (EX is from Black Friday, 2/13.)

TrueCredit FAKO's are EQ 732, TU 726, and EX 673. And they used to be further off than that. The FAKO's haven't changed in forever, while the FICO's have risen 20 - 40 points.

[PayingTheBills]

+1 to HTSU.

I just paid my revolving util down to 8% from 56% and my Truecredit TU score went up 9 pathetic points.

Later this month, I'll try to post my TC.com scores and my FICO scores from the same day and we'll see how far off they are. Just for funsies.

Message Edited by PayingTheBills on 03-12-2009 07:12 PM

[Anonymous]

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@tblank65 wrote:
 wanted to ask a question on the fako fico debate.....which report actually gives the truest of the truest report truecredit=621.......fico=651 as of March12 09, just a curiousity since in Nov my score were barely on the 500 plateau

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Listen to haulingupthescore but to add my two cents, when it comes to the REPORT itself, I would say getting it from the original CRA is the best and truest representation, but score wise, FICO is all that matters so getting it from myFICO would be truest score, since no one really uses the FAKO and they mean little.

[Anonymous]

CreditXpert Scores by Experian seem to have a high correlation to FICO scores. My TU is within 2 points and EQ is exactly the same, I have no idea how close its on EX.

I 2nd Trucredit being good for monitoring, absolutely junk for their score.

I get CreditXpert with my one pull a month from mycreditkeeper.com; still prefer the look and feel of Myfico

[marty56]

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@Anonymous wrote:

CreditXpert Scores by Experian seem to have a high correlation to FICO scores.

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Bad luck for you and good luck for them.  At times it may seem that they do but in the long run you will be dissapointed with the results so forget the scores.

LOL the time they will be way off is the time you need them to be way on.

Message Edited by marty56 on 03-13-2009 02:32 AM

[Anonymous]

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@Anonymous wrote:

CreditXpert Scores by Experian seem to have a high correlation to FICO scores. My TU is within 2 points and EQ is exactly the same, I have no idea how close its on EX.

I 2nd Trucredit being good for monitoring, absolutely junk for their score.

I get CreditXpert with my one pull a month from mycreditkeeper.com; still prefer the look and feel of Myfico

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With respect to your position on this, any apparent corrolation is a fluke and coincidence and if you watch them two of them side by side long enough you will notice, they do not match up and have nothing to do with each other. Just letting you know don't rely on that.

[Anonymous]

@guardian

I don't doubt its a fluke, I'm just surprised how much closer it was to my actual fico scores than that junk score Trucredit flogs