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FAKO or FICO?

tag
Anonymous
Not applicable

FAKO or FICO?

If a CC company pulls from TU or whoever don't they get the FAKO? If not why to the bureaus even have them? Thanks for any insight
Message 1 of 4
3 REPLIES 3
fused
Moderator Emeritus

Re: FAKO or FICO?



cedarworks wrote:
If a CC company pulls from TU or whoever don't they get the FAKO? If not why to the bureaus even have them? Thanks for any insight


CCCs will pull FICO, PFICO (CC enhanced FICO) or some might have their own scoring models. I don't know of a single CCC who pulls FAKOs. Bureaus produce scores for profits, they can sell them to all of the people who don't know they are meaningless FAKOs.Smiley Happy 
Message 2 of 4
Anonymous
Not applicable

Re: FAKO or FICO?

They use the information in a particular CRA's report to determine your FICO score. They don't contact TU to get a score from them per se.
Message 3 of 4
Anonymous
Not applicable

Re: FAKO or FICO?

Thanks
Message 4 of 4
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