topic What is a FAKO score? in Understanding FICO® Scoring

What is a FAKO score?

creditmonarch — Thu, 11 Apr 2013 02:13:09 GMT

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.

Re: What is a FAKO score?

beb86 — Thu, 11 Apr 2013 02:16:06 GMT

@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

Re: What is a FAKO score?

Anonymous — Thu, 11 Apr 2013 02:17:53 GMT

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.

Re: What is a FAKO score?

Anonymous — Thu, 11 Apr 2013 02:17:57 GMT

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.