The Credit Forum

Equifax has a special deal going on right now for specific web sites for their Score Watch program. Check it and and Get Equifax Score Watch Now!

While you’re at it, head to the forums to discuss how you can raise your scores.

First, some terminology. FICO is your legitimate credit score delivered from Fair Issac. Most credit companies use this score to determine whether to give you credit or not. FAKO is slang term used to describe a “score” that individual credit reporting agencies give you. FAKO’s are from TransUnion, Experian, and Equifax websites. They are hardly ever used by the credit industry and a FAKO score is more often than not way off from your actual FICO score. That is why people call them FAKO scores… they are fake.

Now for the tip of the day: FICO and FAKO scores use inquiries on your reports differently to determine their scores. FICO uses inquiries in the past year, FAKO’s usually use the past two years. So don’t worry too much about those one year or older inquiries, they won’t matter at all for nearly all banks. Just let them fall off and concentrate on keeping those less than one year old inquiries off.

The Credit Forum has decided to expand our topics a bit to include auto loans, mortgages, refinancing, business credit topics, and more. We’ve also decided to add a Wiki so users can share their knowledge to others easily to the other members. Affiliates and links in will grow and our goal by the end of the year is to have a huge site with tons of article and useful information. Expanding membership is number one on our list, so join up!

This site will help you get that credit score that you’ve always wanted. Need help getting those bad items off of you credit report? What are the tricks to raise your score quickly in 30 days? Enter the forums and you’ll find what you’re looking for.

Ethan
Admin