Welcome @Fireflycredit
The true AZEO is having 1 card report less than 8.99% each month when the statement cuts. Use your cards all you want. Just pay them all to $0 before the statement cuts except for the card you chose to be your AZEO card. Its has to be a MC/Visa/Discover. No charge cards or store cards. Rinse and repeat.
@Fireflycredit wrote:AZEO-Trending Lower?
What if you practiced AZEO, but every month you decreased the reporting balance by a few dollars from the previous month on your 'Except One' card. I think I've read on these forums about how FICO 9 or 10 is now including trends in figuring the score. By creating this trend of slowly decreasing utilization over time, could that be effective in helping scores?
Of course eventually you'll get to zero balance on that card but if you started with a high enough balance and were careful, you could probably last a few years doing this.
Thoughts?
The FICO 9 scoring model is not trend based like the two FICO 10 models are. Regardless, if you keep your single card showing a balance of 8.9% or less, where you fall in that range "shouldn't" impact your score regardless of whether your balance went up or down. I say "shouldn't" because I believe I've seen my scores temporarily drop when my single card balance went from say, $5.00 to $500.00 (both of which are still under 8.9%); the next month showed say, a $10.00 balance and my scores returned to what they were when the balance was $5.00.
@Horseshoez wrote:
@Fireflycredit wrote:AZEO-Trending Lower?
What if you practiced AZEO, but every month you decreased the reporting balance by a few dollars from the previous month on your 'Except One' card. I think I've read on these forums about how FICO 9 or 10 is now including trends in figuring the score. By creating this trend of slowly decreasing utilization over time, could that be effective in helping scores?
Of course eventually you'll get to zero balance on that card but if you started with a high enough balance and were careful, you could probably last a few years doing this.
Thoughts?
The FICO 9 scoring model is not trend based like the two FICO 10 models are. Regardless, if you keep your single card showing a balance of 8.9% or less, where you fall in that range "shouldn't" impact your score regardless of whether your balance went up or down. I say "shouldn't" because I believe I've seen my scores temporarily drop when my single card balance went from say, $5.00 to $500.00 (both of which are still under 8.9%); the next month showed say, a $10.00 balance and my scores returned to what they were when the balance was $5.00.
Isn't only 10T trended and not 10 classic? Also not sure about 9, but don't 10 and 10T have additional thresholds below the 8.99%?
@Zoostation1 wrote:
@Horseshoez wrote:
@Fireflycredit wrote:AZEO-Trending Lower?
What if you practiced AZEO, but every month you decreased the reporting balance by a few dollars from the previous month on your 'Except One' card. I think I've read on these forums about how FICO 9 or 10 is now including trends in figuring the score. By creating this trend of slowly decreasing utilization over time, could that be effective in helping scores?
Of course eventually you'll get to zero balance on that card but if you started with a high enough balance and were careful, you could probably last a few years doing this.
Thoughts?
The FICO 9 scoring model is not trend based like the two FICO 10 models are. Regardless, if you keep your single card showing a balance of 8.9% or less, where you fall in that range "shouldn't" impact your score regardless of whether your balance went up or down. I say "shouldn't" because I believe I've seen my scores temporarily drop when my single card balance went from say, $5.00 to $500.00 (both of which are still under 8.9%); the next month showed say, a $10.00 balance and my scores returned to what they were when the balance was $5.00.
Isn't only 10T trended and not 10 classic? Also not sure about 9, but don't 10 and 10T have additional thresholds below the 8.99%?
Honestly, now that yhou bring it up, I don't fully remember; I researched FICO 10 quite a bit before it was released, but haven't done a deep dive for over a year now; you could be spot on.
I'm doing this research currently. FICO 10T seems to react to risk the same way FICO 2, 4 and 5 have historically. I just threw 4 scenarios at it to see what would happen. I'm guinea pig'ing myself to see what and how FICO 10T is manipulated. FICO 10 bounces back like a rubber band very quickly, FICO 10T.. not so much.
