@AllZero wrote:
@Anonymous wrote:
@Anonymous wrote:
No mortgage any time soon. I know I don’t have to report AZEO, but guess I’m just used to it? Idk. However, reporting all zero is no good for scores.I was doing AZEO for a bit and it's a lot of work. You run into situations like the all zero that you found yourself in and situations where some lenders don't cooperate (Synchrony's random reporting was what made me give up AZEO). Now I just let things report and pay and my scores are just fine. That's the behavior that lenders expect from the average customer too. AZEO looks like you don't use your credit unless they look at the trended data.
You have a bazillion cards and a million dollar credit line of cards. I can imagine it's a lot of work.
I have 9 cards and I use 8-9 of them each month usually. It actually is not a lot of work. But AZEO would be a lot of work with a lot of cards. So I could be referred to as NoZero.
@AllZero wrote:
@Anonymous wrote:
@Anonymous wrote:
No mortgage any time soon. I know I don’t have to report AZEO, but guess I’m just used to it? Idk. However, reporting all zero is no good for scores.I was doing AZEO for a bit and it's a lot of work. You run into situations like the all zero that you found yourself in and situations where some lenders don't cooperate (Synchrony's random reporting was what made me give up AZEO). Now I just let things report and pay and my scores are just fine. That's the behavior that lenders expect from the average customer too. AZEO looks like you don't use your credit unless they look at the trended data.
You have a bazillion cards and a million dollar credit line of cards. I can imagine it's a lot of work.
lol
I agree with Saeren that it's too much work, especially for people like us with several accounts.
However, it doesn't mean that every card is getting used every month. Though even if a person is only using 4 of their 10-20 cards, for some of us the score increase is negligible when practicing AZEO.
Just circling back to this. On Experian,16 points appear to be a re-occurring number for penalty points when going all zero. I haven't paid attention to scorecard assignment. @Anonymous or @Anonymous do you recall seeing the same?
Thank you for your feedback.
@AllZero wrote:Just circling back to this. On Experian,16 points appear to be a re-occurring number for penalty points when going all zero. I haven't paid attention to scorecard assignment. @Anonymous or @Anonymous do you recall seeing the same?
Yes, when I was switching which of the 2 cards carried a balance, I was temporarily at All Zero. A snapshot of the myFICO score change alerts from that is posted below. (Full report at AoYA 9mos is here. It shows why EQ/EX went up 3pts and 1pt more than they went down. It was aging. )
@angelwingz data is interesting, and more in line with what most people report - 20pts loss. I wonder if it's a different scorecard based on her AoOA being at 2yrs+. I'll have to try it again now that I've passed that mark.
Thanks @Anonymous I'll have a read on that post.
When my file was thin-ish, on Experian , I noticed 16 point loss when I reported 0/3 and 0/4 revolvers. I'm not sure what TU or EQ did. It's been a while since I went all zero, so I don't have any data points to provide.
If I come across any other data points I read here, I'll make a book mark of it.
