AZEO question

[Anonymous]

I wanted to ask you all about AZEO. 

Thats what I am doing, but my CR says 2 reporting with balances.

the 2nd could be an AU, but myfico says AUs arent calculated in this

the 2nd could be my auto loan. not sure, but myfico doesnt specify

Also, myfico says that high score earners report 3 cards with balances.

My overall question is, How do I get it to say I am only reporting a balance on 1 card or should I report a balance on 3...4... cards?

Im conflicted because I have one more reporting cycle before my final pull for a mortgage.

Revolving Open accounts

Amazon 0/3000

USAA 0/2000

Wayfair 0/750

Revolving Closed acounts

BofA 0/1000

Navy Federal 214/10000

AU accounts

Merck Sharp and Dohme FCU 2703/28000

Installment Acounts

USAA balance 22358 Paid as Agreed

Any insight would be appreciated,

Brew

[Moneyklutz]

I just found this out by accident and it was verified by ABCD and others that only the revolving accounts in your name count in the AZEO method.

I'd let the USA card post under 8.9% and zero out the Amazon and Wayfair cards to get the score bump.

 *edited to reflect ABCD1234 and THX1138 had nothing to do with this  

[Anonymous]

USAA, Amazon and Wayfair are allready at 0

[Moneyklutz]

Let one (ideally not a store card) report at below the 8.9%  All zero except ONE 

[Anonymous]

thats currently what I am doing. Navy Federal is the one with a balance

[Moneyklutz]

I don't think closed accounts are factored in the AZEO method? Might be in over my head here...

[DollyLama]

Closed accounts with a balance, even $1, will factor as 100% utilization for that card alone. Pay off the closed $214 account, and only let a balance report on one of your open revolvers each month, switch them up, or use them during the month but pay in full before the statement cuts, except one with a very small balance, minimum < 8.9% of that one card of your choosing total credit limit.

[Anonymous]

Yes I agree. Good advice!