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The trouble with FAKO scores

By
Mortgage and Lending with National Credit Fixers - Matt Listro

Most consumers, and everyone in the mortgage and real estate industry, know about the FICO score. Generally, when people talk about a 'credit score', they are talking about FICO. This score is used to approve consumers for loans, mortgages, and credit cards!

But the FICO score is not the only version of the credit score! There are many other score models out there. The difference is - most lenders don't use them!

That's where scam companies come in. They will sell you these 'credit scores' for cheap. Many consumers will buy them thinking they are a FICO score. But instead, they are buying FAKO scores!

 

Tell your clients to beware of FAKO scores! Has anyone had any experience with these?

 

:)

 

 

 

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
281 Hartford Turnpike Ste 500

 

Vernon CT 06066

 

Posted by

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
281 Hartford Turnpike Ste 500

Vernon CT 06066

credit repair company

Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Matt,

Thanks for the great information! SCAM Artists have always been around. You would think in today's world there would be a way to prevent them from doing harm to others.

 

Jul 03, 2013 11:38 AM
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Hi Patricia,

You are right - FAKO scores certainly is not the first scame we've seen in the industry. Maybe one day...

:)

Jul 05, 2013 12:17 AM