AZEO backfired. 30 pt drop across the board

[cleanupman]

In preparation of doing my mortgage application I attempted to used the AZEO method and paid off every card except my Bank Visa Signature card. This morining I wake up to credit score decrease alert and started freaking out thinking something must have popped up.The only change is the balance of $62 on an account with a $8,400 CL. FICO 8 went from EXP 762 to 731, EQ 740 to 711 and TU from 745 to 724. Mortgage ficos are now 686, 654, 644.  No collections or new derogatories to be found. All other cards are at $0. I have $52,000 in total credit available across a mix of 11 bank and retail cards. One of my cards statement closes on Tuesday so I might make a charge and leave a small balance to see what happens. Has anyone seen this before? Very odd. Don't want to wait a whole month before I goto the next step.

[SupaWmn41]

Wow! I'm sorry I don't have an experience or DP's to share with you on this but I literally just did that over the last 2-3 weeks ago. I left a balance on my Discover. Hopefully this is just a temporary decrease that won't last long. 

[Anonymous]

What bank issued this card? Where are you sourcing your scores from? Did you do a 3B? What are the negative Reason Codes?

[randomguy1]

Do you have any authorized user cards?

[cleanupman]

Yes I have authorized user cards. 2 to be exact. The card I left the balance on was a Wells Fargo Platinum card. The scores are direct from my fico. Once I seen the drop I ordered a referesh and did a full comparasion and confirmed thats the only change.

[CH-7-Mission-Accomplished]

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@cleanupman wrote:

In preparation of doing my mortgage application I attempted to used the AZEO method and paid off every card except my Bank Visa Signature card. This morining I wake up to credit score decrease alert and started freaking out thinking something must have popped up.The only change is the balance of $62 on an account with a $8,400 CL. FICO 8 went from EXP 762 to 731, EQ 740 to 711 and TU from 745 to 724. Mortgage ficos are now 686, 654, 644.  No collections or new derogatories to be found. All other cards are at $0. I have $52,000 in total credit available across a mix of 11 bank and retail cards. One of my cards statement closes on Tuesday so I might make a charge and leave a small balance to see what happens. Has anyone seen this before? Very odd. Don't want to wait a whole month before I goto the next step.

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This sounds like the penalty that FICO gives for having no revolver reporting.    FICO does not recognize an A/U card as satisfying the one revolver reporting -- it has to be your own card.   You didn't by chance have an installment loan pay off, like a car?   That can also cause 20-point plus losses.   Since you have 11 revolvers, I would just let two of the bank (not store) cards report.   If $10 reports on two revolvers and you have 11 revolvers you are not going to lose any points.   Do what you suggested and let the next card getting ready to report show a small balance on the statement.   You will likely see those points come back.

[Anonymous]

@cleanupman AU AZ loss. When all AUs report $0, loss on 8/9. For AZEO on 8/9 with AUs, leave a small balance on a primary and an AU, modified AZEO. 

@cleanupman For mortgage scores, use true AZEO, as you are doing. You will not see the loss on the mortgage Scores.

[Anonymous]

@cleanupman AZEO did not backfire at all.  What you learned is your authorized user accounts are counting on 8/9. And you received the appropriate score loss on 8/9 for bringing all AUs  to $0. Likewise you likely saw an increase on the mortgage scores for bringing them all to $0. 

The mortgage scores & 8/9 are different algorithms and you have to take different actions to optimize different versions. One action does not necessarily optimize for all versions, profile depending.

[SouthJamaica]

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@cleanupman wrote:

In preparation of doing my mortgage application I attempted to used the AZEO method and paid off every card except my Bank Visa Signature card. This morining I wake up to credit score decrease alert and started freaking out thinking something must have popped up.The only change is the balance of $62 on an account with a $8,400 CL. FICO 8 went from EXP 762 to 731, EQ 740 to 711 and TU from 745 to 724. Mortgage ficos are now 686, 654, 644.  No collections or new derogatories to be found. All other cards are at $0. I have $52,000 in total credit available across a mix of 11 bank and retail cards. One of my cards statement closes on Tuesday so I might make a charge and leave a small balance to see what happens. Has anyone seen this before? Very odd. Don't want to wait a whole month before I goto the next step.

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Are you saying that all your revolvers except the Wells Fargo platinum card reported zero balances, and the WF card reported a $62 balance?  If so, was it your card or an AU card?

If it was your card, I don't see anything that would cause a point loss on any scoring model.

[Anonymous]

@SouthJamaica The AU AZ loss on version 8, all AUs were at $0. You know just like the AZ loss, only when you zero out all the authorized user accounts? that is, if they are not discounted by the anti-abuse portion of the algorithm.