topic FAKO or FICO in Understanding FICO® Scoring

FAKO or FICO

Anonymous — Mon, 24 Sep 2007 00:39:27 GMT

I wnet to Truecredit.com and ordered the monthly service. I know probably there is a better service so if there is let me know. Anyway they gave me the following scores as TU = 670, EXP = 671, and EQ = 662. Are these FICO or FAKO scores?

Re: FAKO or FICO

Anonymous — Mon, 24 Sep 2007 00:48:11 GMT

kasowell wrote:
I wnet to Truecredit.com and ordered the monthly service. I know probably there is a better service so if there is let me know. Anyway they gave me the following scores as TU = 670, EXP = 671, and EQ = 662. Are these FICO or FAKO scores?

They are FAKO all the way. BTW, does anyone know of another service not tied to TR or TC that will allow you to pull all three of your Reports and Scores on a daily basis?

Re: FAKO or FICO

Tuscani — Mon, 24 Sep 2007 00:52:42 GMT

Welcome.. Please read the Scoring 101 thread:

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

Re: FAKO or FICO

Anonymous — Mon, 24 Sep 2007 01:00:54 GMT

Okay I spent more money and got my TU score from FICO and FICO said it was 669 and truecredit said it was 670. SO where's the difference?

Re: FAKO or FICO

Anonymous — Mon, 24 Sep 2007 01:06:48 GMT

kasowell wrote:
Okay I spent more money and got my TU score from FICO and FICO said it was 669 and truecredit said it was 670. SO where's the difference?

You are one of the rare people whose scores come so close. My TU FAKO score is 608, my FICO TU is 675. Big difference. All three of my FICOs are higher than the FAKOs. However, a lot of people say their FICOs are lower than their FAKOs. I guess everyone is different!

Re: FAKO or FICO

haulingthescoreup — Mon, 24 Sep 2007 01:11:04 GMT

@Anonymous wrote:
Okay I spent more money and got my TU score from FICO and FICO said it was 669 and truecredit said it was 670. SO where's the difference?

That's probably coincidence. At one point, my FAKO EQ was 90 points higher than my FICO, and all 3 FAKO's still run higher. Some people's run lower.

Are you getting ready to do some borrowing? If so, it's the FICO's that the lenders look at. I'm convinced that TC keeps ooching up my FAKO's just to keep me coming.

Re: FAKO or FICO

Anonymous — Mon, 24 Sep 2007 13:06:38 GMT

So, when I go to any bank what will they use to pull my credit scores?? FICO? How can I be sure since there is such a big difference in scores?

Re: FAKO or FICO

Tuscani — Mon, 24 Sep 2007 13:47:09 GMT

twt11 wrote:

So, when I go to any bank what will they use to pull my credit scores?? FICO? How can I be sure since there is such a big difference in scores?

Yes... 49 of the top 50 banks on the US use FICO.

Re: FAKO or FICO

Anonymous — Mon, 24 Sep 2007 14:36:40 GMT

I'm confused. Does FICO provide all 3 credit bureau scores? Because I know that different banks use different bureaus.