New Member
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.

CreditMonarch.com
Valued Contributor
Posts: 1,115
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

ccpics2.jpg
Super Contributor
Posts: 7,132
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.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Moderator Emeritus
Posts: 4,875
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.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k