Help me understand Equifax

[Anonymous]

I am trying to understand this scoring system to see if I am on the right track.

When I check my FICO score on here, Barclaycard and CreditOne bank, it is all around the same number... 620. That is also what my lender pulled in early March.  When I look at my updated scores in Equifax, they are around 580-598! Big difference.  This has remained the same all month.

Which score can I trust? And why so different?

[MortgageMinded]

I have the same issue with both myFico an FAKO EQ scores, on mine they are reporting something on my FAKO that is NOT showing up on MyFICO.

It's too bad they can't get this straight because it does add a layer of confusion. But, FAKO's aren't calculated the same as MyFico scores.

[Anonymous]

Thanks for your reply.  When I log onto Equifax directly, are they FAKO scores? Are FAKO typically so much lower?

[user5387]

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@Anonymous wrote:

I am trying to understand this scoring system to see if I am on the right track.

When I check my FICO score on here, Barclaycard and CreditOne bank, it is all around the same number... 620. That is also what my lender pulled in early March.  When I look at my updated scores in Equifax, they are around 580-598! Big difference.  This has remained the same all month.

Which score can I trust? And why so different?

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Scores direct from credit bureau web sites are typically FAKOs rather than FICOs, as are scores from places like Credit Karma.

Beyond the FICO / FAKO issue, there are issues of different FICO scoring models, and issues of scores calculated on different days.

Applying different formulas to identical report information will yield different results.

[MortgageMinded]

+1 with user5387. I agree with the statement