Re: HELP! Credit scoring question! Please everyone chime in!
11-19-2012 08:36 AM
Very well stated everyone! Thanks for the clarification! I knew they were not scored as FICOs are, but thought that they were somewhat similiar being that over a six month span, my FICOs and FAKO scores increased and decreased almost identically. Within 3-5 pts apart with about 10 score change/updates. Lol. I know this is likely just very rare, and not necessarily indicative of the same scoring models.
But oddly enough, seeing this and me posting this has directed me to this section of the forum, that for some strange reason I never knew existed! Lol. And I now have an even better understanding of credit scoring, so thanks again!!!
Installers: KHEAA student loan, Dealer Funding LLC auto loan x2, Crescent Bank auto loan, Acceptance Loan Co personal loan x2
Negatives: 1 collection - 2010 $307, Auto lates - 2 30 days, 60 day, 2009 / 3 30 days, 60 day, 2012