Freecreditscore and Creditkarma showing way different scores than Equifax report?

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Fartanywherecard
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Freecreditscore and Creditkarma showing way different scores than Equifax report?

Postby Fartanywherecard » Sat Jan 26, 2013 9:56 am

Not sure if this is in the right section but it isn't about credit cards so...

I use freecreditscore (not at all free) and just started using Creditkarma. Scores are each in the 640s. FCS is supposed to use Experian and CK is supposed to be based off of Transunion, so I wanted to check my Equifax.

I signed up for a month of Equifax just out of curiosity and Equifax gives you a report from all three bureaus. All are about 40-50 points lower, "as of 1/26/2013".

What gives? Am I misunderstanding the services I am using? D#^&&*#@(!$@!%$ this is very frustrating :mad:


Fartanywherecard
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Postby Fartanywherecard » Sat Jan 26, 2013 10:08 am

Image


Here is the overview I guess.
Attachments
report1.jpg

ceemee
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Postby ceemee » Sat Jan 26, 2013 8:42 pm

They are all "FAKOs." They aren't real FICO scores. If you want a real EQ and a real (albeit an older model) TU, go to Myfico. You can't buy your EX score anywhere.


Fartanywherecard
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Postby Fartanywherecard » Sun Jan 27, 2013 2:59 pm

Which ones are FAKO? Freecredit and CK? But what about the ones Equifax is reporting? Those inaccurate too? Are they just estimated?

Looks like I'll just have to go to Experian and Transunion directly for this information. Is there one bureau that is more commonly used by lenders that I should focus on?


Thanks for all your help

RewardHop
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Postby RewardHop » Sun Jan 27, 2013 3:13 pm

Fartanywherecard wrote:Which ones are FAKO? Freecredit and CK? But what about the ones Equifax is reporting? Those inaccurate too? Are they just estimated?

Looks like I'll just have to go to Experian and Transunion directly for this information. Is there one bureau that is more commonly used by lenders that I should focus on?


Thanks for all your help


Credit Karma, Freecreditscore, Creditsesame are all FAKOs.
Theres different algorithms for calculating your credit score and those 3 above do not use FICO to generate your score.
Credit Scores: FICO Score vs FAKO Scores

If you want your real FICO score, you can get it at myFico.com from the official source. (Do a free trial to get your score and then cancel it is one way)
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Fartanywherecard
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Postby Fartanywherecard » Sun Jan 27, 2013 3:20 pm

Cool... Is there a point every month at which your FICO updates, or is it on a daily basis? :)



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