whats the difference between faco and fico?

[Anonymous]

Im confused. I see you guys talk about faco vs fico? Whats the difference and how do you know what your getting?

What do banks and cc companies use?

[fused]

FAKO scores are any scores you come accross that are not from this site with two exceptions.

Your EQ score at equifax.com and your TU score at transunioncs.com (notice it's NOT transunion.com) are FICOs. The vast majority of banks, lenders and CCC use FICO scores. The consensus around here is to ignore about the FAKOs, they're meaningless.

[Anonymous]

For the full story, go here: http://www.allaboutthebenjamins.org/FICOvsFAKO1.html