I just ordered my FAKOs for daily reports and they're so much lower than I expected that they made me depressed and I feel I'm further away from fixing my credit. Maybe that's their intent so I'll subscribe longer. But should I be worried about my FAKOs being lower? Creditors will always see something closer to the FICOs, right? FICOs: TU714,EQ693,EX605 FAKOs: TU675,EQ610,EX577
They never see the FAKO's. The FAKO's are there to generate money for the CRA's; ummm, provide an alternative means of monitoring your score progress. Keep working on the FICO's --that's what lenders will see.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit? FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
I don't know what my EQ fako is, and I really don't care. In my case they are lower. EX is 598 compared to 684. Tu 625 compared to 675. I stopped worrying about fakos a long time ago, unless they change which could be an indicator that fico has changed.
It definitely depends. I use True Credit, and my EX FAKO and FICO are always the same, my TU FAKO is usually 3-5 points higher than my FICO, and my EQ FAKO can be anywhere from 3 pts to 12 points higher than my FICO.
Starting Score: 718 Current Score: 718 Goal Score: 800
Don't spend one second worrying about FAKO scores. They are 100%, totally, completely meaningless and useless. There is NO correlation between these scores and your true FICO scores. And, if it turns out, they happen to be close to your real scores, it is purely coincidental.
Starting Score: 718