Re: What is a FAKO score?
04-10-2013 07:16 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.
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