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New Member
creditmonarch
Posts: 3
Registered: ‎04-10-2013

What is a FAKO score?

A “FAKO” score is what people have dubbed the scores that different credit repositories are calculating for peoples reports. It is a play on the original “FICO” – Fair Isaac Corp – Score, combing the two words Fake and Fico.

They have called it that because it is often not the real score that a lender would see if a hard inquiry is pulled.

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Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011

Re: What is a FAKO score?


creditmonarch wrote:

A “FAKO” score is what people have dubbed the scores that different credit repositories are calculating for peoples reports. It is a play on the original “FICO” – Fair Isaac Corp – Score, combing the two words Fake and Fico.

They have called it that because it is often not the real score that a lender would see if a hard inquiry is pulled.


Welcome to the fourms I will try to explain this in the easiest way possible.

 

A "FAKO" score is any non-FICO score that is given to you...There are only a few places you can pull your true FICO score and even if you pull your credit score from the big three's website it wont be a FICO...it will be a FAKO

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Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: What is a FAKO score?

FAKOs are like educational scores, not your real scores. They're used as estimates for you to know where your real FICO score should be at approximately.

 

For example, FAKO Experian scores are the best estimates you have and can get, since Experian does not sell FICO scores to consumer anymore.

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Moderator Emeritus
tinuviel
Posts: 4,877
Registered: ‎11-02-2010

Re: What is a FAKO score?

Hello, and welcome to the forums!

 

Yes, you have described a FAKO score correctly. But since this topic pertains specifically to credit scores and understanding the difference between FICO and FAKO scores, I'm moving this to the Understanding FICO Scoring forum.


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