Maximize scores for mortgage - AZEO

[Anonymous]

I applied for a mortgage and was told to pay off/down a few accounts and to come back when done for a rapid rescore. I did all recommended tasks and my scores responded ALMOST well enough. I am currently at 611 EQ5, 653 TU4, & 607 EX2.  

My question is if applying the AZEO method, what would be the best strategy to get mid score over 620. Should I pay NFCU under 8.9%? Here's the data:

Chase 0/1500

NFCU 1990/8000

cap1: 0/500

Discover: 0/500

VS: 0/200

AU

Chase 0/3500

cap1 500/3500

Chase 0/1500

NFCU 0/26000

cap1 0/1500

Should I ask cap1 AU if I can pay her card to 0? Would that help?

Thank you kindly. -E

[AllZero]

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@Anonymous wrote:

I applied for a mortgage and was told to pay off/down a few accounts and to come back when done for a rapid rescore. I did all recommended tasks and my scores responded ALMOST well enough. I am currently at 611 EQ5, 653 TU4, & 607 EX2.  

My question is if applying the AZEO method, what would be the best strategy to get mid score over 620. Should I pay NFCU under 8.9%? Here's the data:

Chase 0/1500

NFCU 1990/8000

cap1: 0/500

Discover: 0/500

VS: 0/200

AU

Chase 0/3500

cap1 500/3500

Chase 0/1500

NFCU 0/26000

cap1 0/1500

Should I ask cap1 AU if I can pay her card to 0? Would that help?

Thank you kindly. -E

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@Anonymous  Yes, for EX2, you want true AZEO. AU card to report zero. I would presume the same for TU4, EQ5 if it follows the older scoring algorithm.

For your reading pleasure as posted by calyx Update: FICO2 experiment (is it worth it?)

You many also want to address any derogatory or delinquency that is suppressing your scores.

ETA If your are going from 20% to 10% of open revolving accounts reporting a balance, I am unsure if you will see a score gain for reduced accounts reporting a balance. Give it a shot and let us know if you see a score improvement.

[Anonymous]

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@Anonymous wrote:

I applied for a mortgage and was told to pay off/down a few accounts and to come back when done for a rapid rescore. I did all recommended tasks and my scores responded ALMOST well enough. I am currently at 611 EQ5, 653 TU4, & 607 EX2.  

My question is if applying the AZEO method, what would be the best strategy to get mid score over 620. Should I pay NFCU under 8.9%? Here's the data:

Chase 0/1500

NFCU 1990/8000

cap1: 0/500

Discover: 0/500

VS: 0/200

AU

Chase 0/3500

cap1 500/3500

Chase 0/1500

NFCU 0/26000

cap1 0/1500

Should I ask cap1 AU if I can pay her card to 0? Would that help?

Thank you kindly. -E

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@Anonymous as stated above you want the authorized user account zeroed out. Additionally you want under $100 reporting on the Navy card. There are balance thresholds as well.

EX2 appears to count all accounts, open and closed, in its accounts with a balance Metric.

[Anonymous]

Thank you for the advice and the link. I just made a payment on NFCU of 1400.  Cycle ends on the 28th. I also made a $500 payment on the AU Cap 1 account. I'll let you know what happens. 

I have some comenity lates that are killing my score. I begged for them to remove the lates but they said no. This is my Hail Mary. 

Erica 

[Anonymous]

Thanks for the advice. I just made a payment on the NFCU that brings the bal to $715 (under 8.9% threshold). Are you saying it needs to be under $100 to maximize the score or would $715 be sufficient? Just want to be certain I understand your why. 

Thanks again. 

[Anonymous]

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@Anonymous wrote:

Thanks for the advice. I just made a payment on the NFCU that brings the bal to $715 (under 8.9% threshold). Are you saying it needs to be under $100 to maximize the score or would $715 be sufficient? Just want to be certain I understand your why. 

Thanks again. 

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@Anonymous yes I'm saying it needs to be under $100 to be safe because a balance threshold at $147 was discovered. So, if you're trying to squeeze every last point, yes. you would probably be safe anywhere under $147 but it's just easy to say under $100 and be safe. I actually typically recommend between $10 and $20, but I think as long as you're under $100 you're fine.