09-11-2012 09:24 PM
Is there any way of determining at least a ballpark for EX FAKO scores to EX FICO? Currently have 750 EX FAKO and no idea how to really interpret the score.
09-12-2012 05:25 AM
+/- 200 would put you within a close ballpark.
Joking aside, FAKOs are worthless. There are so many FAKOs running off different scales like 330-830, 150-950, 350-850, 501-990, and so on, so it's hard to correlate. Also, FICOs factor in stuff into the score that FAKOs do not, and vice versa. So, it's very easy to see a spike in a FAKO, but your FICO drop, or vice-versa. Back when we could pull our EX FICO, I had a CA drop. My FICO increased 58. My TransRisk EX FAKO dropped 8. In other words, the collection helped my FAKO but certainly hurt my FICO. It's like comparing apples and oranges. If you have 8 seeds in your apple, you cannot assume there will be 8 in your orange.
09-12-2012 07:33 AM
Thanks for the reply. I figured with a lot of people getting EX FICOS through alternative means some sort of "pattern" would emerge. I don't like the fact EX can be pulled but, consumers have no idea what is being pulled. Frustrating.
09-12-2012 08:10 AM
To quote another on here, it might even have been llecs.
FAKO is as FAKO does. Sometimes no rhyme or reason to their scores.