Anyone else hit with recent and random Synchrony CLDs?

[Anonymous]

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@Anonymous wrote:

what is AZEO Method? Thanks.

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AZEO=All Zero Except One

It's a way to maximize your FICO scores by having all your credit cards report a $0 balance except one which needs to shows a 1-9% utilization balance.  The scores that way are actually higher than if all your cards reported a $0 balance.

[Kidcat]

Oh yeah- $35k Lowes card...did a kitchen remodel $32k last April on 5.99% for 96 months.  Paid balance off in 16 months.  1 month after pay off limit slashed to $500.  I closed the card.  

Reason- non use of the card for more than 12 months.  oh well

[CreditInspired]

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@minimist wrote:

Thank you for the reply. The scores in my signature are very outdated and I will remove them. I'd considered myself as rebuilt as I possibly could be for my profile(I still have a low AAOA and my util does change, all late payments are now 2+ years old) but my most recent scores, which I don't check as often, I know were all 670+ and I'd specifically checked TU last month when Lowe's got cut and it was at 690.

I have a lot of card that are over 49% but I always pay them down within a month or two. The only two things I can think that would have spooked them had they done an SP recently was that I was at 100% of my Discover limit and very very close to Amazon limit. But, tbh I am always close to the amazon limit as I use it constantly and just pay it down . I could use cash but then I wouldn't get the discount. I've since paid Discover off too over a wekk ago but that hasn't reported, and my discover limit is really low anyway so when I put any kind of big purchase on it it is automatically a high util. My William Sonoma account is rather high as well due to a new purchase, although I am not sure if that has reported yet though. It was prev at a 0 balance.

Honestly I'm thinking I should just switch back to just using cash, I have definitely learned a lot about credit from this community but it just seems to me in my past 2 years of rebuilding there is always something to knock you back down if you actually use the credit you get. I'm thinking I will take the rest of the year to pay off all my balances and then just not use them any more. It is very discouraging to see your scores return to what they were before your rebuild!

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Minimist, I'm glad you are going to put into place all the great comments that were provided--low UT, one CC reporting <9%, all other CCs reporting $0. You will notice a sizable bump in scores once you follow MyFICOers' advice and more than likely get your CLs back.

And, the one thing to note is that if you can use cash to buy purchases, then you can definitely use that same cash to PIF the CCs before statement cut. Absolutely use CCs to get the rewards.

GL to you.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

what is AZEO Method? Thanks.

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AZEO=All Zero Except One

It's a way to maximize your FICO scores by having all your credit cards report a $0 balance except one which needs to shows a 1-9% utilization balance.  The scores that way are actually higher than if all your cards reported a $0 balance.

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@Thank you @Anonymous