loganlovesme Posted September 26, 2007 Report Share Posted September 26, 2007 Are Fako score usually higher or lower than FICO? Link to comment Share on other sites More sharing options...
VeVe Posted September 26, 2007 Report Share Posted September 26, 2007 Run and hide. Now. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted September 26, 2007 Report Share Posted September 26, 2007 could be either. my FICO are higher though. Link to comment Share on other sites More sharing options...
razr Posted September 26, 2007 Report Share Posted September 26, 2007 What's the difference between FAKO and FICO?-r Link to comment Share on other sites More sharing options...
Jena29 Posted September 26, 2007 Report Share Posted September 26, 2007 I know FAKO is a different scoring system- my TU Fako/Fico are almost the same, my EQ and EX are about 75 points lower on FAKO! Do some companies pull FAKO scores instead of FICO for credit?? What a pain to have both.... Link to comment Share on other sites More sharing options...
razr Posted September 26, 2007 Report Share Posted September 26, 2007 About 90% of all companies use some varation of FICOs. There are some companies that use "Vantage" scores, but not many. Just think of the FAKOs as a guide, nothing more.-r Link to comment Share on other sites More sharing options...
stefdr Posted September 26, 2007 Report Share Posted September 26, 2007 What's the difference between FAKO and FICO?-r FICO"S are the real scores. FAKO's are dreamed up by elves in a magical kingdom far far away. Link to comment Share on other sites More sharing options...
Donna47129 Posted September 26, 2007 Report Share Posted September 26, 2007 My FAKOS started higher than FICOS, now vice-versa. I care much more about FICOS. Link to comment Share on other sites More sharing options...
willingtocope Posted September 26, 2007 Report Share Posted September 26, 2007 The main difference between FICOs and FAKOs is that nobody...repeat nobody...grants you credit based on FAKOs. Since the FICO scoring algorithms are secret, and, there are like 17 different models that predict different things, the CRAs have come up with FAKOs as a gimmick to take your money claiming that the "estimate" your FICO scores. They don't. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted September 26, 2007 Report Share Posted September 26, 2007 The main difference between FICOs and FAKOs is that nobody...repeat nobody...grants you credit based on FAKOs. Since the FICO scoring algorithms are secret, and, there are like 17 different models that predict different things, the CRAs have come up with FAKOs as a gimmick to take your money claiming that the "estimate" your FICO scores. They don't.I can't believe they charge for them. Link to comment Share on other sites More sharing options...
loganlovesme Posted September 26, 2007 Author Report Share Posted September 26, 2007 the numbers I get off True Credit are FAKO right? Mine are higher than the FICO's I received, but my husbands are lower. about 60 point difference on both! GRRRRRRR! Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted September 26, 2007 Report Share Posted September 26, 2007 the numbers I get off True Credit are FAKO right? Mine are higher than the FICO's I received, but my husbands are lower. about 60 point difference on both! GRRRRRRR!Yes, TC is FAKO. Link to comment Share on other sites More sharing options...
WickeDay Posted October 24, 2007 Report Share Posted October 24, 2007 Okay, I searched, I looked I am just a dummy. I still don't get it. I got my Experian score from Credit Expert that says it's my PLUS score. So, is it a Fico or Fako, or something else altogether?Equifax specifically says from Score Watch they are giving me my FICO score-fine. Trans Union through True Credit gives me a score but says in small writing it isn't my FICO, so is it my Fako?:cry: Link to comment Share on other sites More sharing options...
lovebug5 Posted October 24, 2007 Report Share Posted October 24, 2007 Okay, I searched, I looked I am just a dummy. I still don't get it. I got my Experian score from Credit Expert that says it's my PLUS score. So, is it a Fico or Fako, or something else altogether?Equifax specifically says from Score Watch they are giving me my FICO score-fine. Trans Union through True Credit gives me a score but says in small writing it isn't my FICO, so is it my Fako?:cry:Your True Credit scores are your FAKO scores. Link to comment Share on other sites More sharing options...
lolah Posted October 24, 2007 Report Share Posted October 24, 2007 You can get your FICO scores at www.myfico.com. It's kinda expensive though... Link to comment Share on other sites More sharing options...
Amerikaner83 Posted October 25, 2007 Report Share Posted October 25, 2007 ANYTHING that does not have the "Genuine FICO" symbol with the gold seal on it is a FAKO. Plain and simple. Link to comment Share on other sites More sharing options...
WickeDay Posted October 25, 2007 Report Share Posted October 25, 2007 ANYTHING that does not have the "Genuine FICO" symbol with the gold seal on it is a FAKO. Plain and simple.Okay, so is the "PLUS" score a Fako then, or something different altogether? I feel like I'm getting closer here: Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted October 25, 2007 Report Share Posted October 25, 2007 ANYTHING that does not have the "Genuine FICO" symbol with the gold seal on it is a FAKO. Plain and simple.Okay, so is the "PLUS" score a Fako then, or something different altogether? I feel like I'm getting closer here: yes, it's fako. Link to comment Share on other sites More sharing options...
Moriah4 Posted October 25, 2007 Report Share Posted October 25, 2007 there are cupons that make Fico's a bit less expensivemw01 is worth 20% off. BlessingsMoriah Link to comment Share on other sites More sharing options...
WickeDay Posted October 25, 2007 Report Share Posted October 25, 2007 So, this is the info. I got then:FICO Scores:10/15/2007 - EQ 578FAKO Scores:10/15/07 - EX 597 l TU 527So, now I just gotta get my EQ FAKO to make that complete. And, then my EX & TU FICO. Link to comment Share on other sites More sharing options...
ADSOFT Posted October 25, 2007 Report Share Posted October 25, 2007 My Fico is 110 higher than what ever TRUECREDIT uses a scoring system.My Vehicle fico is 40 pts higher than my regular generic fico. Link to comment Share on other sites More sharing options...
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