topic Re: FAKO Question in Understanding FICO® Scoring

FAKO Question

Neblett — Fri, 08 Jun 2007 14:24:04 GMT

Are FAKOs usually lower than FICO scores? Or higher? Or does it depend upon which way the wind is blowing?

Re: FAKO Question

Tuscani — Fri, 08 Jun 2007 14:38:04 GMT

Mine are almost always lower.

Re: FAKO Question

Anonymous — Fri, 08 Jun 2007 16:19:09 GMT

Depends on the wind, however, the FAKO's that you see are "enhanced" scoring. Mostly they figure the human element in to the score which effects the over all score number. Lenders don't usually use them, (in my case never) so you can use them as a guide as in if your FAKO score is going higher or lower, but the number it self is useless. Even the gains and drops are exaggerated with FAKOs.

Re: FAKO Question

MidnightVoice — Fri, 08 Jun 2007 16:38:54 GMT

My FAKOs average 30 points lower than my FICOs.

The funiest one is the TruCredit from TU is 70 points lower than the TU FICO

Message Edited by MidnightVoice on 06-08-2007 11:38 AM

Re: FAKO Question

MM1234 — Fri, 08 Jun 2007 17:35:05 GMT

My TC FAKO is lower by 6 points - TU
My TC FAKO is lower by 55 points - EX
My TC FAKO is higher by 10 points - EQ

Re: FAKO Question

fused — Fri, 08 Jun 2007 18:40:12 GMT

My FAKO's are always lower...I don't care though. They are meaningless scores!

Re: FAKO Question

Anonymous — Sat, 09 Jun 2007 05:33:26 GMT

my EX fako is almost 100 points lower than Fico 564 - 660 the other 2 are about 30 lower

Re: FAKO Question

Tuscani — Sat, 09 Jun 2007 05:45:23 GMT

Re: FAKO Question

Anonymous — Sat, 09 Jun 2007 17:08:33 GMT

@Tuscani wrote:

Tuscani - this is awesome.

Re: FAKO Question

Anonymous — Sun, 10 Jun 2007 02:42:15 GMT

794 Vantage
691 FICO
661 Plus

I pulled them again later after paying off some debt.
870 Vantage
721 FICO
742 Plus