06-05-2013 06:42 AM
Fico score is the score that 90% of lenders use
Fako is a term coined for any score that IS NOT fico
basically you should only care about your FICO score, and only use any FAKO score for tracking purposes.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO