What is a FAKO score?
04-10-2013 07:13 PM
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.