A question about AZEO for those who adhere to it

[Brian_Earl_Spilner]

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@AverageJoesCredit wrote:
Ill take Oreos for $500 Alex

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This white liquid is a favorite for dipping Oreos.

[Revelate]

Brian: apologies but thought I made it clear, when I don’t care about an app I don’t.

Stated that twice in my overly long post

[Brian_Earl_Spilner]

@Revelate sorry, I don't know how I missed that last paragraph. Maybe it's time for bed. 

[Remedios]

This thread was originally in rebuilding, because my question was specifically aimed at rebuilders and those new to credit. 

I asked it because it's something that gets  recommended to to just about everyone. It kinda goes something like " Grab Discover, Amex, and start AZEO"

While AZEO has undeniable benefits prior to important apps, the constant recommendations for azeo sometime make it sound like it's mandatory or absolutely necessary, however, validity of suggestion is/was not my main focus. 

I am not for it or against it, just genuinely curious if those who are doing it are actually happy with that level of micromanagement or if it's a case of "generalized credit anxiety". It was my personal experience that made me ask the question.  Like I said in the first post, I truly felt credit sky will fall first time I allowed balance to report. I also thought universe will collapse when more than one card reported balance. 

[MakingProgress]

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@Anonymous wrote:
Rem, for a lot of people on this forum especially those rebuilding it is simply more mentally satisfying to see a greater score, even if it is only a couple of points. I was one of them during my rebuild, always wanting to ensure my FICO scores were maximized. Looking back, it obviously was not necessary, but I still understand why I did it and figure many others practice AZEO for the same reason.

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That is me to a T.   I am currently trying to reform my ways.   I right now am trying to let less than half my cards report a balance and letting different cards report that every month so that usage shows on my CR in cash of a manual review. 

As a data point I just had a new account report (it reset my AoYA from 2 months to 1 month) but it did report 33% util with total util at 4%.  No change to my EX, TU -4, haven't pulled EQ yet.   So even crossing the 30% individual threshold didn't seem to make much difference. 

[SoCalifornia]

I personally don't see much difference score wise, if we're talking basic revolvers. I understand the mortgage or high loan stand point, as different scores are more sensitive than others. And also, if you're dealing with something as critical as your home- give me all the points I can get.

But with revolving accounts like credit cards, my experience (also I'm a bit ocd) is that AZEO does in fact cause stress, which can be only accredited to oneself. Endorphins dump when you get that AZEO with that one badass $5-10 reporting, yeahh buddy. But then, a tough month comes in tandem, AZEO fails and your stress spikes because your score drops a few.

Go have a beer.

[pinkandgrey]

I’m with you. I try not to care about that stuff anymore. I just try to keep balances as low as possible. I don’t track my score that carefully anyway. 

[SoCalifornia]

pinkandgrey, It will drive you nuts.

...unless you already are, in which case, it will sustain your insanity.

[Anonymous]

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@Remedios wrote:

I am not for it or against it, just genuinely curious if those who are doing it are actually happy with that level of micromanagement or if it's a case of "generalized credit anxiety". It was my personal experience that made me ask the question.  Like I said in the first post, I truly felt credit sky will fall first time I allowed balance to report. I also thought universe will collapse when more than one card reported balance. 

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I think for those that are rebuilding, the level of micromanagement needed for AZEO is a small tradeoff for the emotional satisfaction such a person would receive from seeing their scores a little higher than would otherwise be the case.  For a rebuilder, every score gain comes with a new goal.  It's a new set of downs every time the sticks get moved.  Someone at 630 wants 650.  Once they hit 650, perhaps 675 becomes the next mini goal en route to the more emotionally-satisfying 700.  Regardless of the numbers, the majority of rebuilders want to see those higher scores ASAP and the implementation of AZEO can ensure that [with respect to number of accounts with balances] those scores are being maximized.

Once my rebuild was over with, I didn't care nearly as much about score maximization.  The micromanaging of AZEO turned into micromanaging only for data-point testing purposes and the majority of the time now number of accounts with a balance doesn't matter at all to me.  I think the biggest factor here comes down to where someone resides in terms of their credit journey and what their goals are.

[mikesonthemend]

I believe every post on this thread makes valid points.

My understanding has been AZEO began as a tool for preparing for an app, and has been adopted as a way of life.

To each their own. More info, mo better.