Two
@Anonymous wrote:
How about detailing the COs and CAs?
They are involved is my gut.
I suspect the same. The theory will be tested again as my NFCU $8k Flagship will report a $25 balance in a day or so. (Was $1455.00 reported last month due to last payment posting just after stement cut). This will be the test!
(2) Midland - 7K and 10k 4 YO. DOFD 2-14
(1) Credit Management $300 - 3 YO, DOFD 2-2014
(7) CO's totaling $28K ranging from $2k to 15k, DOFD 3-2014
@Anonymous wrote:
ok, first off, stop referring to your utilization as a low under 10% number; it is not. Unfortunately, FICO takes into account money owed on closed accounts. Unfortunately the CL used is 0 because its closed, but the amounts owed add to your utilization, unfortunately. Again, I don't know if it counts toward number of accounts with a balance.'
I understand that. I was alluding to the fact initially that AZERO may not work for those with CO's and CA's, or questioning it anyway. Not that it matters in the end as all of the bad stuff will start coming of in a bit over a year.
The last drop was TransUnion, Lost 10 points - It showed below notation within same alert when $2,296 was paid, leaving only one small balance on NFCU GR card.
"The total balance on all your Bankcard account(s) has decreased by $2296. This change applies to the sum of all Bankcard balances."
43,814.00----------> $41,518.00
Looking back further though, with Experian, I did lose 7 points by NOT doing AZERO and this alert claims 0% UTI rather that whatever TU says above with a $41k balance..
"The balance on one of your accounts has decreased by $1221"
Company Name NAVY FEDERAL CR UNION
- Utilization Percentage
- 8%----->0%0%
- Balance Amount
- $1,221.00----->$0.00
Experian seems to be working, several times I gained points reporting AZERO, TU, not so much
Here are the terrible facts in this case!
Current Revolving:
NFCU GR: $5k - $0 Balance
NFCU FShip: $8k - $1,700 Reported Balance (will report $26.00 any moment)
AFCU Visa: $2k - $27.00 Balance (just reported, last payment did not post in time)
Discover: $1.5K - $0 Balance
AU - NFCU AMEX: $15K - 0 Balance
Installments
NFCU SSL: $5,001 - $441 balance
Charge Offs from Feb - May 2014
#1 - $5k - $4,587 Balance
#2 - $10k - $10,072 Balance
#3 - $6.5k - $7,558 Balance
#4 - $.4k - $518 Balance
#5 - $1.1k - $1,803 Balance
#6 - $600 - $812 Balance
#7 - $15K - $16,008 Balance
#8 - $6K - $0 Balance
#9 - $10k - $0 Balance
#10 - $2.8k - $0 Balance
Total: $57,400 - $32,358 Balance
Collections:
$300.00
$11,000
$7,000
Total: $18,300
Several other old closed revolvers and installments with perfect history. EX 630, EQ 632, TU 645 As of last two days anyway. I use MF and Experian subscriptions.
Wife is not going to be a good test as she has 2 CO's, 3 CA's but a $0 balance currently on 4 cards with another $15k card yet to report. She will be a better test case in a month or so as figuring her old debt, whe will still be at a bit less than 30% UTI
@Anonymous wrote:
Ok Experian is going to be your friend because it reports daily. You can also sign up for Wallethub for TransUnion daily updates. Equifax not so much.
WH is not gonna give you a FICO score (Vantage). That’s the bad part but at least you can keep track of the daily changes to the data.
Anyway I would like for you to watch Experian closely and with any change I’d like you to please report that and then we will also look at negative reason codes and have you search line by line and compare the two days reports for changes.
And remember when you report percentages utilization, make it a true utilizations, including the COs and CAs I believe?
Thank you. Yes, I have WalletHub for my wife and I and I also get "Credit Sesame" through a CU which is also a daily TU puller. I await that NFCU card reporting $26 so I can see what is going on. Going through the MF alerts is very confusing as there is sometimes no reason given and other times it states due to X reason.
Yes, I did mean AZEO, sorry.
@Anonymous wrote:
Remember the number one rule, you cannot rely on a MF alert to point out the reason for any score change EVER. When it is correct, it’s simply a coincidence; there is no established correlation.
That is so helpful of them! Waiting for this card to report is like watching paint dry! It cut on Friday and usually is quick to hit EQ then TU and EX. Tomorrow we will perhaps have a data point.