Forgive this newbie...but I see alot of talk about a FAKO score and how it differs from the FICO score...can someone please explain this to me? I filed for bankruptcy in May and have been monitoring my credit reports and scores since the day I filed...I just want to make sure I have the most accurate information. I hope to have my discharge within the next week or two. Here are the scores to date: Experian: June 2, 2002 - 699 > August 23, 2002 - 632 Equifax: June 2, 2002 - 662 > August 23, 2002 - 549 TransUnion: May 12, 2002 - 647 > June 6, 2002 - 624 I havent been able to update TransUnion because the last time I tried it told me it couldnt verify my identity. I am going to try again today. Thanks in advance for any and all replies!
Don't worry about this score. It is fake. I just had my EX pulled last night in buying a car, my score was 711. My creditexpert shows 661. However, I may be lucky because most others FICO score tends to be below their credit expert score. This is your FICO score. Once your able to check your TU score, an option is the consumer or business reports. The business report is basically the one that a lender would see and includes your FICO score. It will cost $12.95
Is there any way I can get a REAL score from Experian? Why do they provide it if it isnt real? Thanks for your help!
As of right now, the only way to get your EX FICO scoe is to apply for credit. Why don't they offer the FICO score? Good question.
Experian does not sell their real FICO score to consumers. The score you got from Equifax is the real deal. It is knows as a Beacon/FICO score and is exactly the same as the one they sell to lenders.
So if you are say...applying for a mortgage, and all credit reports are pulled, and they use the three scores provided, will all three be FICO scores? If I apply for a credit card and somebody pulls TU will they see a FICO from TU or the internal score that they provide you free with a Credit Report? Thanks Diane143
My mortgage broker just pulled all three of my CR's and got the associated FICO scores. The TU and EQ were EXACTLY the same FICO scores I had gotten online (694 and 727 respectively). The Experian FICO was 673 whereas the Experian CreditExpert Score (FAKO) is 697. Interestingly, the EX FAKO has fallen 5 points as a result of the mortgage inquiry. The EQ FICO has held rock steady at 727, though the inquiry is showing.
Quixote. Congratulations on the scores. Equifax----------Beacon/FICO 694 TU---------------FICO 727 You have a 33 point difference between your scores. Are their different derogs on these two credit reports? Good luck with the mortgage. Interesting. Recently TU began selling the real FICO score to consumers. https://www.tuscores.com/userAgreement.jsp This happened when, in July 2002? I don't think they are including this score with their credit reports though. I just pulled a e-loan score http://www.eloan.com and got a TU credit report and their is still about a 70 point spread with the TU score being about 70 points to high.
Thanks Erik, It's actually a 54 point spread if you look only at the real FICOs. The only derogatory listing I have left is a paid charge-off with Macy's that is six years old. It shows up only on Trans Union--my middle score. I think the biggest factor for the lower Experian score is a bunch of inquiries that only show up there. Most of them are in dispute via Doc's trick, so that may change.
