@Anonymous wrote:I know AZEO is talked about a lot on this forum and it all depends on one's profile, but to me it's a bit over-rated. I mean the scoring ding I've seen on my file in going from AZEO to enough cards with balances to register a ding results in about a 4-8 point drop. That's on a clean file. On a dirty file I've seen no scoring drop at all in going from AZEO to all with balances. All of my testing was done with small balances though, with the exception being another thread I started recently where I went from AZEO to AZE2 and that second balance was in the 40% utilization wise. That resulted in a 4 point drop.
I would actually like to hear data points from others like the OP here that are testing AZEO vs non-AZEO just to see what types of other fluctuations we're talking. Maybe my profile is just a bit less sensitive to these things and others are seeing a greater impact.
Of course it also depends I'm sure not just on profile but on what your starting point is. If someone finds this forum and has 10 credit cards and all 10 have balances, him employing AZEO is likely going to mean more than another person with 10 cards where only 2 have balances that tries AZEO.
Not the best DP but here goes.
AZEO with $262/$5000: 777 TU08
AZE2 with $386/$5000 and $32/$15000: 770 TU08
7 point ding, but aggregate increased from 1% to 2%, and individual from 5.2% to 7.8%. I know from previous monitoring I seemed to have a breakpoint at 7% util, but this when I only had 1 card, and so individual util was basically aggregate util.
All my cards are in my sig, so only 4.
Intention was to show score ding when not using AZEO method, but result is conflated with increasing individual util as well.
Intention was to show score ding when not using AZEO method, but result is conflated with increasing individual util as well.
@Anonymous wrote:
@arkane wrote:AZEO with $262/$5000: 777 TU08
AZE2 with $386/$5000 and $32/$15000: 770 TU08
7 point ding, but aggregate increased from 1% to 2%, and individual from 5.2% to 7.8%. I know from previous monitoring I seemed to have a breakpoint at 7% util, but this when I only had 1 card, and so individual util was basically aggregate util.
How many credit cards did you have total with AZE2? If you had 6 or fewer, you may get dinged for "too many cards with balance" as you need to have 7 credit cards to avoid the 1/3 accounts with balances ding on some bureaus.
I personally have 9 open credit cards so I can only show a balance on 2 of them as 3 cards out of 9 would be 1/3 which would be a ding on a bureau. If I had 10 open cards, I could carry a balance on 3 cards without that ding (less than 1/3).
How does the CLOC from NFCU show? Will that count toward my AZEO? That would put me at 11 overall, I just went from 5 to 2 with balances and by next month will only show 1 card with a balance. I'm curious to see how this will affect me. I've been drug through the mud the past 6 months with all the new accounts.
@arkane wrote:
All my cards are in my sig, so only 4.
Intention was to show score ding when not using AZEO method, but result is conflated with increasing individual util as well.
Number of cards with balances is likely the reason for the score drop. AZEO on your profile is 25% of cards, where AZE2 is 50% of cards. By allowing a second to report, you went to 50% of your revolvers having reported balances which results in a score ding. I would say that individual and aggregate utilization here both take a back seat to number (percentage) of cards with balances reported.