AZEO fail.....on Experian and now Equifax

[Anonymous]

I was about to post about my AZEO this month and noticed this thread already.  I tried the method too; only for my scores to not move at all.  This is what my balances look like... Not sure what I did wrong.  Is my CapOne limit too small? Did I put the balance on the wrong card? ;(

[Anonymous]

Depending on how old that Credit One card was, it could really negatively affect your score when you close it. It would bring your account average age down and lower your total credit limit. I have been told to never closed credit card accounts. If they dont have an annual fee, just dont use them. If they do, you can always call as ask to switch to a non-annual fee card. 

[glockrunner]

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@Anonymous wrote:

I was about to post about my AZEO this month and noticed this thread already.  I tried the method too; only for my scores to not move at all.  This is what my balances look like... Not sure what I did wrong.  Is my CapOne limit too small? Did I put the balance on the wrong card? ;(

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Steph, Your Cap1 account balance needs to be 8.9% or lower. This is probably your reason it didn't work. 

[Anonymous]

Oh! I thought it's 8.9% of total utlization? I'm at 1% total utlization..Argh!!

I guess I'll try again next month.  *sigh* 

[glockrunner]

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@Anonymous wrote:

Depending on how old that Credit One card was, it could really negatively affect your score when you close it. It would bring your account average age down and lower your total credit limit. I have been told to never closed credit card accounts. If they dont have an annual fee, just dont use them. If they do, you can always call as ask to switch to a non-annual fee card. 

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My Credit One had a monthly maintenance fee and I tried 2 times to have them remove it and they said "NO", so I said see ya later!

Had 0 effect on my AAoA, I'm above 10 years without it and closing cards won't reduce your average age, closed accounts are factored in.

No effect on my credit limit because I have over 30k limit and 1% UTL.

[glockrunner]

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@Anonymous wrote:

Oh! I thought it's 8.9% of total utlization? I'm at 1% total utlization..Argh!!

I guess I'll try again next month.  *sigh* 

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You are right, it is total utl but there is also an individual threshold too of 8.9%. Maybe this is why you haven't seen an increase.

[Bojack]

I've been doing AZEO for a couple months now. This month I decided to pay everything in full and show all zeros to test... And my Experian went down 22 pts from 686 to 664... Didn't seem to affect the other scores. On my Experian it shows negative reasons of not using revolving credit. Makes sense but I never expected it would have that big of an effect. It's this a known Experian thing?

[randomguy1]

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@Bojack wrote:

I've been doing AZEO for a couple months now. This month I decided to pay everything in full and show all zeros to test... And my Experian went down 22 pts from 686 to 664... Didn't seem to affect the other scores. On my Experian it shows negative reasons of not using revolving credit. Makes sense but I never expected it would have that big of an effect. It's this a known Experian thing?

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I don't think so. The different credit agengies report at different times. Do your TU and EQ reports show the balance as an zero balance?

[Bojack]

Yes they are reporting zeros as well. Seems Experian is the only one really punishing me for this. Seems some others have had similar problems, especially with a lower average age of accounts possibly. Very frustrating.

[Anonymous]

Ouch! that is huge... how could it impact that that much! On the months you were trying it, were your scores steady or did they continually improve?