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Hi there- it's taken me a year, but I'm at AZEO this month. I left $30 on my Cap One card, and that statement cutoff is in the 21st. CapnOne has been updating with the CAs around the 26th of each month.
Here are my current scores:
EX- 723 FICO 8, 645 FICO 5
TU- 723 FICO 8, 689 FICO 4
EQ- 723 FICO 8, 683 FICO 2
When I use the score simulator on myFICO, and take my card balance down to $30, I get the following FICO 8 predictions:
EX- 733
TU-728
EQ- 733
(So increases of 10, 5, 10 points).
Is the simulator accurate and should my mortgage scores go up by the same amt of points? Or is there an added/ incremental boost because of AZEO? Hopeful....
@Allzero---
Of course, apologies! here are the stats after last month's reporting, but before the CAs register my last paydown effort!
10% overall Utiization on my revolvers.
Synchrony Home: 472/6000: 7.8% (will now be zero)
Chase Card: 0/4000: 0%
Care Credit: 0/7000: 0%
Cap One Card: 1976/5500: 35.92% (will now be $30, or .5 %)
I hope this is enough info. to help predict movement in mortgage scores? I'll get a bump by going below the 8.9% threshold. And perhaps an incremental bump for AZEO? In the perfect world, my mid score would go from 683 to 700. But that may be ambitous!
If those are your only 4 revolvers, on a clean score card and going AZEO, I estimate ~10-20+ points for FICO 8. EX2, TU4, EQ5 should react similarly.
Thanks so much! I'll report back after the 26th with actual results and data points.
Well, what was the update?
Any update?
I am in the process of doing something similar and really curious about the impact AZEO will have on your mortgage scores. Thanks for posting!
She posted her results here:
Looks like she only gained one point though because she had a few late payments and an AU account reporting at 10%.