Let’s first talk about credit scores, before we go deeper into FICO scores vs FAKO scores. The FICO score is a three-digit number that will range from 300 to 850, with the higher score being the better score. This score will determine how credit worthy your are, based on a few key factors: payment history, credit utilization, length of credit history, credit mix, and new credit.
The three major credit bureaus – TransUnion, Equifax, and Experian – each have a FICO score. Each of the bureaus FICO scores are based off information that each of the individual credit bureau keeps about you.