12-18-2012 05:12 PM
How different are Fako and FICO scores? How similar do the scores usually run?
12-18-2012 09:23 PM
You can't really tell. For instance, I've had my creditkarma score be the same as my TU FICO from walmart, but now they're miles apart. It all depends on how the score is calculated, and you never really know how a FAKO score is calculated. It may weigh things vastly differently than a FICO version, and therefore you can never really tell just how much they differ.
FWIW though, my creditsesame score is usually pretty similar to my TU FICO from walmart (although they pull different reports)
12-18-2012 09:58 PM
My rule in the FAKO vs FICO scores is +/- 200 points. There's just no telling what a FAKO is going to throw at you.
01-08-2013 07:38 AM
Hello all, so I am connected with Score sense site, which
gives all (3) scores also.... should I give them up, and stay with myFICO only?
Lenders don't use the scores on that site, but the report info should help you in any credit journey.
01-30-2013 03:27 PM
I'm so lost... please help! I went to Experian website to get my credit score....r you saying this is a FAKO score?
You're limited on the places to get your FICO score.
You can only buy your EQ FICO from myFICO, your lender, or from Equifax.com (buyer beware: the scores they push are a FAKO, but your EQ FICO can be purchased through EQ).
You can only buy your TU FICO from myFICO or your lender.
Finally, you can only buy your EX FICO from your lender. As of a few years ago, Experian blocked consumer access to your own EX FICO.
Aside from the above, you can also get your FICO scores for free or at a reduced price. Banks and CUs will offer it as a benefit. M&T Bank, Unitus Community Credit Union, and Digital Credit Union each offer an EQ FICO. You can get your TU FICO from Wal-Mart or Merrick Bank if you have CCs with them. And you can get your EX FICO from PA State Employees Credit Union (PSECU) if you have a checking account with them. There are other CUs out there that will offer a FICO if you ask them as part of a benefit for being a member.
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