AZEO and Small Number of Accts

[Anonymous]

Anyone have any experience with using AZEO if you do not have alot of revolving accounts? Looking for data points for AZEO if someone has only 3 or 4 or 5 revolvers. Thanks!

[Anonymous]

What exactly are you looking for?

Are you looking for the difference in 1 card reporting a balances verses 2, 3, etc?

Or, are you trying to find a difference between two identical profiles where someone is at AZEO when they have 3 cards verses AZEO with 5 cards?

I guess what I'm wondering is what you're using as a before/after comparison here... like you have 4 cards, 3 with balances and want to go to AZEO, etc.

[Pikaboo-icu]

I'm fairly certain the exact same principle/method applies.

[Anonymous]

For example, if someone only has 3 cards, and they AZEO, that would mean 66% of cards have no balance. If someone does AZEO and has 10 cards they have 90% of cards at zero...

Second part of the question: if someone has less than 5 accounts and has AZEO, are there any DPs to suggest using AZEO may not be as effective? Reason I ask is when I had only 3 active cards and did AZEO, my scores did not increase even though util dropped too on 2 bureaus, and, went up drastically on another.

[Anonymous]

I wonder if AZEO is considered score manipulation? 

[Anonymous]

Sorry if my question is not clear guys and gals. I would argue that AZEO is the opposite of manipulation - only people who spend the time to manage and monitor their credit even know what AZEO is. Further, only those in good financial shape have the chance to implement it. (If youre badly in debt theres no real way to do AZEO)...Your FICO score is provided to you by lenders and other outlets and if you care enough to use AZEO you absolutely should be rewarded by its effects. FICO models clearly give points to those who use credit responsivly....AZEO whether INTENTIONAL or not I dont think qualifies as manipulation in a negative sense.

[Anonymous]

My bad, it was a joke, I don't there is anything wrong with AZEO even though I don't think it's necessary at all times, I thought you were a different poster on the PenFed thread few days ago.

[Anonymous]

Just a quick observation.  The thread thus far is not taking into account the number of open loans.  All that is being asked about is cards.

If a person has eight loans and three cards (all open) then, with "one third of his cards reporting" he has nine open accounts showing a balance and 82% of his open accounts showing a balance.

If a person has zero loans and three cards, then with "one third of his cards reporting" he has one open account showing a balance and 33% of his open accounts showing a balance.

The negative reason statements mention only that the person has "too many accounts" reporting a balance.  FICO might well be including revolving and installment accounts.  Nine is a lot more than one.  And if FICO considers ratios as part of its metric (the reason code does not imply it does so) then 82% is a much higher proportion than 33%.

[arkane]

Here's some DP for ya OP:

5 accounts in total, 4 revolvers + 1 semi-automatic installment loan (oops sorry wrong forum )

AZEO to 2 or even 3/4 revolvers reporting a balance only nets me a ONE point loss on EQ and TU while EX remains unchanged.

Keep in mind though 4/5 of those accounts are under a year old. I think it's completely possible the ding from 4 accounts with AoYA < 1 yr far outweighs any scoring benefits I'd see from implementing AZEO. As always, credit is profile dependent and YMMV.

[Brian_Earl_Spilner]

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@Anonymous wrote:
Sorry if my question is not clear guys and gals. I would argue that AZEO is the opposite of manipulation - only people who spend the time to manage and monitor their credit even know what AZEO is. Further, only those in good financial shape have the chance to implement it. (If youre badly in debt theres no real way to do AZEO)...Your FICO score is provided to you by lenders and other outlets and if you care enough to use AZEO you absolutely should be rewarded by its effects. FICO models clearly give points to those who use credit responsivly....AZEO whether INTENTIONAL or not I dont think qualifies as manipulation in a negative sense.

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It's 100% score manipulation regardless of it being positive or not. You're not using your credit organically, you're planning how your cards will report in order to optimize your score. You're manipulating your credit to manipulate your score. In my opinion, AZEO is a waste of time unless youre planning to apply for credit because the only time your score matters is when you're applying for something. As seen in another thread, AZEO can even hurt you because it appears that youre not using the credit given to you. Some banks have no interest in extending credit when it appears you're not using the lines you have and with the expected downturn of the economy, banks are slashing limits if you're not using them.