topic Re: AZEO fail. in Understanding FICO® Scoring

AZEO fail.

gorgon — Wed, 19 Aug 2020 13:45:57 GMT

Data Points

BK7 discharged Sept. 2018

120+ day lates on IIB accounts so very dirty scorecard

I have tried practicing AZEO in the past and it made absolutely no difference in my scores going from all zero to AZEO. Now this month I only had a balance on my Verizon Visa which reports to TU and EQ only. I looked at my Experian score today and it dropped 20 points on FICO8 and 8 points on FICO2 because it thinks I'm not using any revolving accounts. Thanks Synchrony!!

Re: AZEO fail.

Anonymous — Wed, 19 Aug 2020 14:07:56 GMT

How’s that an AZEO fail? You went to AZ and that’s the AZ penalty. When you report a balance to EX, it will go back up.

Re: AZEO fail.

gorgon — Wed, 19 Aug 2020 15:16:49 GMT

@Anonymous wrote:
How’s that an AZEO fail? You went to AZ and that’s the AZ penalty. When you report a balance to EX, it will go back up.

It's a fail because the data isn't consistent. AZEO has never made one difference to my profile in the past. Now it did.

Re: AZEO fail.

Anonymous — Wed, 19 Aug 2020 15:48:08 GMT

Doesn't AZEO impact different score cards different ways?

I was always under the impression for example that the greatest [positive] impact from it came on clean score cards, where on dirty score cards there were more important things adversely impacting score (payment history) so the benefit from AZEO may not be as significant.

Re: AZEO fail.

Anonymous — Wed, 19 Aug 2020 16:42:12 GMT

AZEO has absolutely nothing to do with what happened. You weren't at AZEO, you were at AZ. Before you were AZ, you didn't have a penalty, when you hit AZ, you got a penalty.

Aa for AZEO working, there can be limitations. AZEO optimises three metrics: $ owed, number of revolvers with a balance, and utilisation.

If you are in a dirty card, these metrics maybe weighed less, just like there's no new account penalty in a dirty card. How many open revolvers do you have?

You maybe hitting your scorecard maximum and can't go higher by optimising. A lot depends on your profile specifics, but it optimises what's available.

Re: AZEO fail.

gorgon — Wed, 19 Aug 2020 17:52:50 GMT

@Anonymous wrote:
If you are in a dirty card, these metrics maybe weighed less, just like there's no new account penalty in a dirty card. How many open revolvers do you have?

I have six - The ones in my sig. The last time I tried AZEO and AZ I only had five revolvers.

Re: AZEO fail.

dragontears — Wed, 19 Aug 2020 18:07:09 GMT

Very interesting.

When was your BK filed? Credit aging of BK goes by file date not discharge.

Re: AZEO fail.

gorgon — Wed, 19 Aug 2020 18:08:23 GMT

@dragontears wrote:
Very interesting.
When was your BK filed? Credit aging of BK goes by file date not discharge.

June 2018

Re: AZEO fail.

Anonymous — Wed, 19 Aug 2020 19:56:23 GMT

@gorgon You’ve got all the cards you need to optimise for AZEO once you go clean. But like I said dirty cards limit you, I’m sorry.

One thing about it if you either get some now or totally stop getting them, you will have a wonderful age buffer when the BK drops.

but that's not to say you can't have great scores with a BK, there's a thread in the primer where they hit 700 after two years.

Re: AZEO fail.

gorgon — Thu, 20 Aug 2020 14:35:53 GMT

Since I know AZEO may actually benefit my scores now, I am going to try next month for AZEO with only a small balance on my QS that reports to all 3 bureaus.

At first I was kinda annoyed by Synchrony reporting my Verizon Visa balance multiple times per month, but now I see it will accelerate my score change/AZEO experiment.

Re: AZEO fail.

gorgon — Tue, 08 Sep 2020 17:52:22 GMT

UPDATE: I let my Cap1 card report a small balance and I gained my 20 points back for FICO8 and got my 8 points back and then some on FICO2, which is now 12 points higher at 706. My credit rating also went back to Good.

Re: AZEO fail.

dustind — Tue, 08 Sep 2020 19:24:44 GMT

I have a ~5 year old CO and AZEO works for me. All zero hurts bad, all using hurts a bit. I have 2 bank cards and 1 store card. My except-one card has to be a bank card for it to work correctly.

All data pulled from CCT (Credit Check Total) and corroborated from credit limit increase rejection letter reason codes and scores, and my bank and Discovers free credit scores.

If anyone wants data points I have been monitoring my score and progress over the last year on CCT while learning from the forum.