cancel
Showing results for 
Search instead for 
Did you mean: 

Question on AZEO/scoring

tag
Chazzay12
Frequent Contributor

Question on AZEO/scoring

Okay, so. I have practiced AZEO as a good habit since joining the forums about a year ago. I'm currently going through mortgage process and hopefully will be under contract anytime (I have an offer in now one on 🤞)

 

Now, I just used my discover card with my statement about to close without thinking, and it may report a small balance (like $20) along with my cap1 that is also reporting a small ($20) balance. Will this affect the AZEO "boost" I get? Am I understanding that right? 

Even if I lose a few points it shouldn't matter for the mortgage.  My reporting utl will still be like 1-2%. 

Discover It (Student) $1500 | Capital One QS $2300 | Amex BCE $4800 | Chase FU $3200 | Amex Green NPSL | CSP $4200 | Discover it $3000
Car loan w/ Langley 3.5%
Homeowner since April 2023

Starting Score: 580s
Current Score as of May 2024: EX 668, TU 671, EQ 646
Goal Score: 700+, working on paying high utl cc debt


Take the myFICO Fitness Challenge
Message 1 of 7
6 REPLIES 6
Yasselife
Valued Contributor

Re: Question on AZEO/scoring

@Chazzay12 I don't know the answer but I wish you good luck.



Goal card:
Message 2 of 7
ThomasJNewton
Frequent Contributor

Re: Question on AZEO/scoring


@Chazzay12 wrote:

 

Now, I just used my discover card with my statement about to close without thinking, and it may report a small balance (like $20)

It may or may not report, but I would at least try to make a payment to the card if you can. Good luck!

Message 3 of 7
NoHardLimits
Established Contributor

Re: Question on AZEO/scoring


@ThomasJNewton wrote:

@Chazzay12 wrote:

 

Now, I just used my discover card with my statement about to close without thinking, and it may report a small balance (like $20)

It may or may not report, but I would at least try to make a payment to the card if you can. Good luck!


Discover's online payment process does not allow payment until a charge actually posts (no longer in a pending status).  This just happened to me last month.  An annual streaming subscription fee was charged two days before my statement cut.  I couldn't make a payment on the website until the charge officially posted.  If it's important, one could consider "pushing" a payment from your bank account's bill pay service.

Nov 2024 Scorecard: Clean, Thick, Mature, New Revolver
FICO8:
FICO9:
VantageScore3:
Inquiries (n/12, n/24):
AAoA: 11 yrs | AoORA: 37 yrs | AoYRA: less than 1 yr | New Accounts: 0/6, 1/12, 2/24 | Util: 1% | DTI: 1%
Message 4 of 7
SouthJamaica
Mega Contributor

Re: Question on AZEO/scoring


@Chazzay12 wrote:

Okay, so. I have practiced AZEO as a good habit since joining the forums about a year ago. I'm currently going through mortgage process and hopefully will be under contract anytime (I have an offer in now one on 🤞)

 

Now, I just used my discover card with my statement about to close without thinking, and it may report a small balance (like $20) along with my cap1 that is also reporting a small ($20) balance. Will this affect the AZEO "boost" I get? Am I understanding that right? 

Even if I lose a few points it shouldn't matter for the mortgage.  My reporting utl will still be like 1-2%. 


It probably won't matter, but if you want it to report zero just push an electronic payment from your bank account.


Total revolving limits 586020 (520820 reporting) FICO 8: EQ 702 TU 707 EX 692




Message 5 of 7
Chazzay12
Frequent Contributor

Re: Question on AZEO/scoring


@SouthJamaica wrote:

@Chazzay12 wrote:

Okay, so. I have practiced AZEO as a good habit since joining the forums about a year ago. I'm currently going through mortgage process and hopefully will be under contract anytime (I have an offer in now one on 🤞)

 

Now, I just used my discover card with my statement about to close without thinking, and it may report a small balance (like $20) along with my cap1 that is also reporting a small ($20) balance. Will this affect the AZEO "boost" I get? Am I understanding that right? 

Even if I lose a few points it shouldn't matter for the mortgage.  My reporting utl will still be like 1-2%. 


It probably won't matter, but if you want it to report zero just push an electronic payment from your bank account.


This was what I was looking for. Thanks @SouthJamaica 

Discover It (Student) $1500 | Capital One QS $2300 | Amex BCE $4800 | Chase FU $3200 | Amex Green NPSL | CSP $4200 | Discover it $3000
Car loan w/ Langley 3.5%
Homeowner since April 2023

Starting Score: 580s
Current Score as of May 2024: EX 668, TU 671, EQ 646
Goal Score: 700+, working on paying high utl cc debt


Take the myFICO Fitness Challenge
Message 6 of 7
ThomasJNewton
Frequent Contributor

Re: Question on AZEO/scoring


@SouthJamaica wrote:


It probably won't matter, but if you want it to report zero just push an electronic payment from your bank account.


That is what I do for cases where I cannot over pay. Capital One lets one go 10-15% over the posted amounts when one pulls a payment.

 

Although it is too late now, sometime Capital One's bill payment can push the payment on the same day, if one has a Capital One Checking account.

Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.