topic Re: Update in Understanding FICO® Scoring

Just another AZEO data point

NYC_Fella — Mon, 27 Sep 2021 18:41:03 GMT

Since I don't need new credit for the time being, I've been experimenting a little bit. I have a dirty file with a BK and my EX score has been at 702 for the last few months (untill today).

Two months ago: AZEO in effect, total utilization 2%, individual card utilization 8%, score 702.

One month ago: AZEO in effect, total utilization 4%, individual card utilization 15%, score 702.

Today: AZEO broken (all balances zero), total utilization 0%, individual card utilization 0%, score 684.

So I lost 18 points because of the all-zero penalty.

In 3 days another card will report in with a balance and I will be back to AZEO with total utilization 1% and individual card utilization <5%. Curious to see how much the score bounces back by. Will report back.

Re: Just another AZEO data point

FireMedic1 — Tue, 28 Sep 2021 11:15:52 GMT

More than likely you'll be right back where you started before @AllZero . LOL!!!!!! Sorry just had to.

Re: Just another AZEO data point

Horseshoez — Tue, 28 Sep 2021 12:47:30 GMT

What's funny is I performed the same basic test and saw a pretty significant drop in my scores when I hit All Zero; the funny part is when I went to AZET (All Zero Except Two), my scores rebounded to where they'd started, plus one. Not sure where that extra point came from, but hey, I'll take it.

Re: Just another AZEO data point

NYC_Fella — Tue, 28 Sep 2021 13:24:54 GMT

@FireMedic1 wrote:
More than likely you'll be right back where you started before @AllZero . LOL!!!!!! Sorry just had to.

Oh, I have little doubt about that. But I'm a data analysis nerd and I like to conduct my own experiments!

Re: Just another AZEO data point

Focker69 — Fri, 01 Oct 2021 16:00:21 GMT

Which version of Fico was this for? Fico 8?

Re: Just another AZEO data point

NYC_Fella — Fri, 01 Oct 2021 16:01:38 GMT

@Focker69 wrote:
Which version of Fico was this for? Fico 8?

Yes.

Re: Just another AZEO data point

Horseshoez — Fri, 01 Oct 2021 16:02:04 GMT

@Focker69 wrote:
Which version of Fico was this for? Fico 8?

I'm not sure whom you were responding to, but in my case, the comments I made above were relative to all 28 scores.

Re: Just another AZEO data point

Sub16610 — Sat, 02 Oct 2021 03:20:31 GMT

@NYC_Fella wrote:
Since I don't need new credit for the time being, I've been experimenting a little bit. I have a dirty file with a BK and my EX score has been at 702 for the last few months (untill today).

Two months ago: AZEO in effect, total utilization 2%, individual card utilization 8%, score 702.
One month ago: AZEO in effect, total utilization 4%, individual card utilization 15%, score 702.
Today: AZEO broken (all balances zero), total utilization 0%, individual card utilization 0%, score 684.

So I lost 18 points because of the all-zero penalty.

In 3 days another card will report in with a balance and I will be back to AZEO with total utilization 1% and individual card utilization <5%. Curious to see how much the score bounces back by. Will report back.

@NYC_Fella

Curios to know the result of your finding "In 3 days another card will report in with a balance and I will be back to AZEO with total utilization 1% and individual card utilization <5%. Curious to see how much the score bounces back by. Will report back."

Re: Just another AZEO data point

NYC_Fella — Sat, 02 Oct 2021 11:53:41 GMT

@Sub16610 wrote:
@NYC_Fella
Curios to know the result of your finding "In 3 days another card will report in with a balance and I will be back to AZEO with total utilization 1% and individual card utilization <5%. Curious to see how much the score bounces back by. Will report back."

Unfortunately we will now have to wait until October 7. I was counting on my Apple card to report a balance 2 days ago but an unexpected refund wiped out my balance on the statement closing date. My Barclays Aviator Red card will report on the 6th so I will charge something on that today to get out of all-zero purgatory.

AZEO: Reporting frustrations

NYC_Fella — Sat, 09 Oct 2021 13:08:48 GMT

I temporarily (and intentionally) broke AZEO as I wanted to change the "one" card on which I was carrying a balance. So I was at all-zero on September 27 which dropped my FICO 8 scores by ~18 points as expected. I expected a balance to be reported on my new "one" card on October 5 causing my scores to bounce back.

But for some reason, only EQ is showing the updated balance and the resultant score increase, while EX and TU are still showing last month's zero balance so the scores are still artificially depressed. Is there a way to force an update? I would like all 3 scores to be optimized before I apply for new credit.

Following up on that thought, would the score reduction (702 to 684) have an impact on credit decisions, or would the scores be considered to be in the same group?

Re: AZEO: Reporting frustrations

FireMedic1 — Sat, 09 Oct 2021 13:41:20 GMT

Each CRA has their own update days.Being the weekend it may take a day or 2 longer. It will eventually pop. Like banks that do system maintenance.

Re: AZEO: Reporting frustrations

SouthJamaica — Sat, 09 Oct 2021 16:12:27 GMT

@NYC_Fella wrote:
I temporarily (and intentionally) broke AZEO as I wanted to change the "one" card on which I was carrying a balance. So I was at all-zero on September 27 which dropped my FICO 8 scores by ~18 points as expected. I expected a balance to be reported on my new "one" card on October 5 causing my scores to bounce back.

But for some reason, only EQ is showing the updated balance and the resultant score increase, while EX and TU are still showing last month's zero balance so the scores are still artificially depressed. Is there a way to force an update? I would like all 3 scores to be optimized before I apply for new credit.

Following up on that thought, would the score reduction (702 to 684) have an impact on credit decisions, or would the scores be considered to be in the same group?

It's very possible it has been reported, but you don't have confirmation of that yet. So if it's important enough you might want to get updated reports from TU and EX.

Re: AZEO: Reporting frustrations

NYC_Fella — Mon, 11 Oct 2021 14:53:39 GMT

@FireMedic1 wrote:
Each CRA has their own update days.Being the weekend it may take a day or 2 longer. It will eventually pop. Like banks that do system maintenance.

Thanks. It popped today and the score went back up.

Re: Just another AZEO data point

NYC_Fella — Mon, 11 Oct 2021 14:58:44 GMT

@Sub16610 wrote:
@NYC_Fella
Curios to know the result of your finding "In 3 days another card will report in with a balance and I will be back to AZEO with total utilization 1% and individual card utilization <5%. Curious to see how much the score bounces back by. Will report back."

The card with the balance reported and the score went up by 18 points, back to exactly where it was, as predicted by @FireMedic1 upthread.

@FireMedic1 wrote:
More than likely you'll be right back where you started before @AllZero . LOL!!!!!! Sorry just had to.

Re: AZEO: Reporting frustrations

kiea — Mon, 11 Oct 2021 17:27:08 GMT

I'm having the same issue. I paid off almost $3k last month on multiple cards none of them had updated on TU or EQ but they updated real quickly when my balances were high...smh

Re: Just another AZEO data point

FireMedic1 — Mon, 11 Oct 2021 18:20:40 GMT

Excellent! Congrats! Its all a number game.

Re: AZEO: Reporting frustrations

SUPERSQUID — Tue, 12 Oct 2021 11:11:30 GMT

@NYC_Fella wrote:
I temporarily (and intentionally) broke AZEO as I wanted to change the "one" card on which I was carrying a balance. So I was at all-zero on September 27 which dropped my FICO 8 scores by ~18 points as expected. I expected a balance to be reported on my new "one" card on October 5 causing my scores to bounce back.

But for some reason, only EQ is showing the updated balance and the resultant score increase, while EX and TU are still showing last month's zero balance so the scores are still artificially depressed. Is there a way to force an update? I would like all 3 scores to be optimized before I apply for new credit.

Following up on that thought, would the score reduction (702 to 684) have an impact on credit decisions, or would the scores be considered to be in the same group?

I have a few cards reporting the balance of august.

Re: AZEO: Reporting frustrations

FireMedic1 — Tue, 12 Oct 2021 12:15:06 GMT

@NYC_Fella wrote:
@FireMedic1 wrote:
Each CRA has their own update days.Being the weekend it may take a day or 2 longer. It will eventually pop. Like banks that do system maintenance.
Thanks. It popped today and the score went back up.

Excellent. Congrats @NYC_Fella !

Re: AZEO: Reporting frustrations

Anonymous — Mon, 18 Oct 2021 00:16:54 GMT

I was attempting to optimize this cycle as well, in preparation for an auto app. I implemented AZEO+AU for the first time and getting my Self Credit Builder loan below 8%. Everything updated as usual except for the Self loan. I filed a dispute with Experian.com and all 3 CRAs updated within 3 days. Added an extra 8 points on top of AZEO pop.

Re: AZEO: Reporting frustrations

ChiTownTony — Mon, 18 Oct 2021 11:20:10 GMT

I'm also preparing to see my "final" rebuild FICO 8 scores around November 1st. AZEO and total utilization less than 1% ($20). Then the following month I'll show a balance on one card of around $250 which will be around 2% TU.

I started my rebuild December 30, 2019. I gave myself a two year window. So come the first of January I will be golden, as I am ahead of schedule.