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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.