AZEO

[credit8502020]

---

@Anonymous wrote:
I don’t remember all your aging metrics off the top of my head but is that your oldest?

@ccquesthas made an awesome spreadsheet, plug your values into and get all your metrics just about and you can even make hypothetical changes to see what thresholds you may cross.

But I think you misunderstand how it works, just because the account is closed does not remove it or it’s effect on your aging metrics.

And as time passes, the delinquency will age off while the account typically will stay as long is up to 10 years from closing, sometimes longer.

The only way the account ages off first is if it was chargedoff or sent to any type of collections

---

@Anonymous Ok. Yes, it's my oldest account. Got it! Thank you. I'll have to look for that spreadsheet.

[credit8502020]

---

@Anonymous wrote:

@credit8502020 Yes good point she’s already on a new account scorecard. Wait a minute you said she had delinquencies, so she’s in a dirty card too, isn’t she?

Yeah go ahead and add her. She’s in a dirty card, so it would not have the same effect anyway, as you said earlier. What’s her average ages though? it will bring that down a little, but reduction utilization may very well outweigh that since it’s worth much more. Besides utilization and age are weighted less heavily on dirty cards.

---

Her average age of accounts is 12 yrs. 10 months prior to opening the new credit cards in August/September.

[Anonymous]

@credit8502020 I missed the question about authorized users and AZEO, I think or did I already answer it?

Anyway for the mortgage scores, authorized user accounts always count, so you want them all zeroed out. You can have them have $5 on one card that’s a national bank card and that’s sufficient.

And listen, you do not want to get that Navient account off of your record. Those lates should have aged off by July of this year, if the last late was July 2014. So it will appear as a perfectly paid account and it will stay around for maybe another 10 years if you’re lucky or more. So neither you nor her want that account off of your records.

Now, as for the card with the lates from 2018, that is what is hurting you, you need to try the Goodwill saturation technique. As long as you have at least a 60 day late on your record, you’re in a dirty scorecard. Seven years for version 8 & 9; 2 years for the mortgage scores, but the mortgage scores still continue to penalize you from a clean card for the full seven years.

I would always recommend against using credit repair companies because a lot of times you end up worse off than you started and you can do everything yourself with the knowledge and help with this forum.

And there’s so many exceptions that it’s hard to get rules that apply to everything; the best advice I can give you is to read the Scoring Primer and ask more questions and maybe even refer them to read the Scoring Primer, if you think they have the capacity to assimilate it.

And continue to come here and ask questions when you need to, that’s what we’re here for to help. We get our kicks from helping people that’s what we do! 😉

[credit8502020]

---

@Anonymous wrote:

@credit8502020 I missed the question about authorized users and AZEO, I think or did I already answer it?

Anyway for the mortgage scores, authorized user accounts always count, so you want them all zeroed out. You can have them have $5 on one card that’s a national bank card and that’s sufficient.

And listen, you do not want to get that Navient account off of your record. Those lates should have aged off by July of this year, if the last late was July 2014. So it will appear as a perfectly paid account and it will stay around for maybe another 10 years if you’re lucky or more. So neither you nor her want that account off of your records.

Now, as for the card with the lates from 2018, that is what is hurting you, you need to try the Goodwill saturation technique. As long as you have at least a 60 day late on your record, you’re in a dirty scorecard. Seven years for version 8 & 9; 2 years for the mortgage scores, but the mortgage scores still continue to penalize you from a clean card for the full seven years.

I would always recommend against using credit repair companies because a lot of times you end up worse off than you started and you can do everything yourself with the knowledge and help with this forum.

And there’s so many exceptions that it’s hard to get rules that apply to everything; the best advice I can give you is to read the Scoring Primer and ask more questions and maybe even refer them to read the Scoring Primer, if you think they have the capacity to assimilate it.

And continue to come here and ask questions when you need to, that’s what we’re here for to help. We get our kicks from helping people that’s what we do! 😉

---

@Anonymous Yes, you answered it regarding AUs. But since my AU card is a retail card, you mentioned I would just put a small balance on it and that retail cards are unpredictable. So I'll just test it and see. I only have one AU Home Depot account. 

Oh ok. I thought the Navient lates are not technically scheduled to be removed until 7 yrs. 

The reported late dates were as follows: 

EQU - 07/2014, 06/2014, 05/2014

TU - 4/2014

EXP - 6/2014

I'll look into the Goodwill saturation technique. I've attempted to get the lates removed on both accounts before. I had been cautioned by a few companies to just let the Navient lates fall off for their concern of the bureaus responding to the disputes and actually deleting the entire account. It will be paid off in November. In the meantime, I figured I would just focus on rebuilding and improving my scores in other ways.

I'm not a fan of many credit repair companies as well, however, there is a definite need for knowledgeable and helpful credit repair/building companies. As we know, when you're dealing with serious time constraints regarding your housing, etc., quickly learning something that is so complex is sometimes not as helpful as paying someone else with a specific level of expertise. However, I know exactly what you mean. It's nice to be able to do it yourself. 

[Anonymous]

---

@credit8502020 wrote:

---

@Anonymous wrote:

@credit8502020 I missed the question about authorized users and AZEO, I think or did I already answer it?

Anyway for the mortgage scores, authorized user accounts always count, so you want them all zeroed out. You can have them have $5 on one card that’s a national bank card and that’s sufficient.

And listen, you do not want to get that Navient account off of your record. Those lates should have aged off by July of this year, if the last late was July 2014. So it will appear as a perfectly paid account and it will stay around for maybe another 10 years if you’re lucky or more. So neither you nor her want that account off of your records.

Now, as for the card with the lates from 2018, that is what is hurting you, you need to try the Goodwill saturation technique. As long as you have at least a 60 day late on your record, you’re in a dirty scorecard. Seven years for version 8 & 9; 2 years for the mortgage scores, but the mortgage scores still continue to penalize you from a clean card for the full seven years.

I would always recommend against using credit repair companies because a lot of times you end up worse off than you started and you can do everything yourself with the knowledge and help with this forum.

And there’s so many exceptions that it’s hard to get rules that apply to everything; the best advice I can give you is to read the Scoring Primer and ask more questions and maybe even refer them to read the Scoring Primer, if you think they have the capacity to assimilate it.

And continue to come here and ask questions when you need to, that’s what we’re here for to help. We get our kicks from helping people that’s what we do! 😉

---

@Anonymous Yes, you answered it regarding AUs. But since my AU card is a retail card, you mentioned I would just put a small balance on it and that retail cards are unpredictable. So I'll just test it and see. I only have one AU Home Depot account. 

Oh ok. I thought the Navient lates are not technically scheduled to be removed until 7 yrs. 

The reported late dates were as follows: 

EQU - 07/2014, 06/2014, 05/2014

TU - 4/2014

EXP - 6/2014

I'll look into the Goodwill saturation technique. I've attempted to get the lates removed on both accounts before. I had been cautioned by a few companies to just let the Navient lates fall off for their concern of the bureaus responding to the disputes and actually deleting the entire account. It will be paid off in November. In the meantime, I figured I would just focus on rebuilding and improving my scores in other ways.

I'm not a fan of many credit repair companies as well, however, there is a definite need for knowledgeable and helpful credit repair/building companies. As we know, when you're dealing with serious time constraints regarding your housing, etc., quickly learning something that is so complex is sometimes not as helpful as paying someone else with a specific level of expertise. However, I know exactly what you mean. It's nice to be able to do it yourself. 

---

@credit8502020 I apologize, I'm tired, I read the date wrong, the late will fall off seven years from the date of the late, so they will be falling off next year. Then the account will remain benefiting you for a long time. 

You can ask for early exclusion but I wouldn't do it with Equifax. If theyre strings read the Primer for details.

yes for the authorized user accounts, you wanna zero them for the mortgage scores, but if you're optimizing version 8 & 9, then yeah I would suggest you test it with a small balance along with a balance on a primary bankcard.

remember the mortgage scores see an authorized user as a normal account; it's the new ones that don't. So whether or not you have a balance on the Home Depot depends on which score you're trying to optimize.

[NRB525]

---

@credit8502020 wrote:

---

@Anonymous wrote:

@credit8502020 Yes good point she’s already on a new account scorecard. Wait a minute you said she had delinquencies, so she’s in a dirty card too, isn’t she?

Yeah go ahead and add her. She’s in a dirty card, so it would not have the same effect anyway, as you said earlier. What’s her average ages though? it will bring that down a little, but reduction utilization may very well outweigh that since it’s worth much more. Besides utilization and age are weighted less heavily on dirty cards.

---

Yes. The only delinquencies she has are from me on the Discover account & Navient account.

1. Discover

Open Date - 1/2003

Lates - 3 in 2018 (1. 30D - 8/18, 2. 60D - 9/18, 3. 30D - 10/18)

2. Navient (Paid off in November)

Open Date - 11/2000

Lates - 5 Total - 60D, 90D, 4-120D (Feb-July 2014 - All 90s)

I'm not certain about her average ages. I'm going to look on her 3B report to get her average ages.

Quick questions:

1. Because the Navient account is almost 20 yrs old, will my score likely drop when it closes after my last payment in November?
2. Is this account supposed to be removed in 7 yrs or 10 yrs? 

On one hand, I want it gone because of the delinquencies, but on the other hand, it's one of my longest accounts so I'm just trying to determine which route is best. 

---

Do I understand then, that only the Discover, Navient, and student loans, have lates, and DM is either AU or co-signer on those? Otherwise her accounts have no lates on her own?  

If so, if I were her, I'd get myself removed as AU from both the Discover and the Navient, to get them off my reports. They aren't providing her any access to credit, so the only remaining purpose is if it improves her score due to clean history. Those two cards are not. 

[Anonymous]

---

@NRB525 wrote:

---

@credit8502020 wrote:

---

@Anonymous wrote:

@credit8502020 Yes good point she’s already on a new account scorecard. Wait a minute you said she had delinquencies, so she’s in a dirty card too, isn’t she?

Yeah go ahead and add her. She’s in a dirty card, so it would not have the same effect anyway, as you said earlier. What’s her average ages though? it will bring that down a little, but reduction utilization may very well outweigh that since it’s worth much more. Besides utilization and age are weighted less heavily on dirty cards.

---

Yes. The only delinquencies she has are from me on the Discover account & Navient account.

1. Discover

Open Date - 1/2003

Lates - 3 in 2018 (1. 30D - 8/18, 2. 60D - 9/18, 3. 30D - 10/18)

2. Navient (Paid off in November)

Open Date - 11/2000

Lates - 5 Total - 60D, 90D, 4-120D (Feb-July 2014 - All 90s)

I'm not certain about her average ages. I'm going to look on her 3B report to get her average ages.

Quick questions:

1. Because the Navient account is almost 20 yrs old, will my score likely drop when it closes after my last payment in November?
2. Is this account supposed to be removed in 7 yrs or 10 yrs? 

On one hand, I want it gone because of the delinquencies, but on the other hand, it's one of my longest accounts so I'm just trying to determine which route is best. 

---

Do I understand then, that only the Discover, Navient, and student loans, have lates, and DM is either AU or co-signer on those? Otherwise her accounts have no lates on her own?  

If so, if I were her, I'd get myself removed as AU from both the Discover and the Navient, to get them off my reports. They aren't providing her any access to credit, so the only remaining purpose is if it improves her score due to clean history. Those two cards are not. 

---

@NRB525 OP is AU on Discover and i think joint on Navient which is SL and its one of her oldest. It will be a clean old account next year. If she doesn't have an immediate need, it we be nice to keep the account for age. 

The Discover, OP is AU on, I believe, and if so, yes, you're right  she shd terminate the Discover AU and have it removed from her CR. But must GST it for primary. 

[credit8502020]

---

@Anonymous wrote:

---

@credit8502020 wrote:

---

@Anonymous wrote:

@credit8502020 I missed the question about authorized users and AZEO, I think or did I already answer it?

Anyway for the mortgage scores, authorized user accounts always count, so you want them all zeroed out. You can have them have $5 on one card that’s a national bank card and that’s sufficient.

And listen, you do not want to get that Navient account off of your record. Those lates should have aged off by July of this year, if the last late was July 2014. So it will appear as a perfectly paid account and it will stay around for maybe another 10 years if you’re lucky or more. So neither you nor her want that account off of your records.

Now, as for the card with the lates from 2018, that is what is hurting you, you need to try the Goodwill saturation technique. As long as you have at least a 60 day late on your record, you’re in a dirty scorecard. Seven years for version 8 & 9; 2 years for the mortgage scores, but the mortgage scores still continue to penalize you from a clean card for the full seven years.

I would always recommend against using credit repair companies because a lot of times you end up worse off than you started and you can do everything yourself with the knowledge and help with this forum.

And there’s so many exceptions that it’s hard to get rules that apply to everything; the best advice I can give you is to read the Scoring Primer and ask more questions and maybe even refer them to read the Scoring Primer, if you think they have the capacity to assimilate it.

And continue to come here and ask questions when you need to, that’s what we’re here for to help. We get our kicks from helping people that’s what we do! 😉

---

@Anonymous Yes, you answered it regarding AUs. But since my AU card is a retail card, you mentioned I would just put a small balance on it and that retail cards are unpredictable. So I'll just test it and see. I only have one AU Home Depot account. 

Oh ok. I thought the Navient lates are not technically scheduled to be removed until 7 yrs. 

The reported late dates were as follows: 

EQU - 07/2014, 06/2014, 05/2014

TU - 4/2014

EXP - 6/2014

I'll look into the Goodwill saturation technique. I've attempted to get the lates removed on both accounts before. I had been cautioned by a few companies to just let the Navient lates fall off for their concern of the bureaus responding to the disputes and actually deleting the entire account. It will be paid off in November. In the meantime, I figured I would just focus on rebuilding and improving my scores in other ways.

I'm not a fan of many credit repair companies as well, however, there is a definite need for knowledgeable and helpful credit repair/building companies. As we know, when you're dealing with serious time constraints regarding your housing, etc., quickly learning something that is so complex is sometimes not as helpful as paying someone else with a specific level of expertise. However, I know exactly what you mean. It's nice to be able to do it yourself. 

---

@credit8502020 I apologize, I'm tired, I read the date wrong, the late will fall off seven years from the date of the late, so they will be falling off next year. Then the account will remain benefiting you for a long time. 

You can ask for early exclusion but I wouldn't do it with Equifax. If theyre strings read the Primer for details.

yes for the authorized user accounts, you wanna zero them for the mortgage scores, but if you're optimizing version 8 & 9, then yeah I would suggest you test it with a small balance along with a balance on a primary bankcard.

remember the mortgage scores see an authorized user as a normal account; it's the new ones that don't. So whether or not you have a balance on the Home Depot depends on which score you're trying to optimize.

---

@Anonymous No worries. I hope you rested well. Ok. Ask for an early exclusion on the lates? Would that put me at risk of them actually accidentally deleting the entire account? What's interesting is on MyFico it only shows one late each on TU & Exp, but on the actual TU report,  it shows a string of lates. I have to look at an updated EXP report to see how it's showing. 

And yes, I am not going to focus on Equifax. 

[credit8502020]

---

@Anonymous wrote:

---

@NRB525 wrote:

---

@credit8502020 wrote:

---

@Anonymous wrote:

@credit8502020 Yes good point she’s already on a new account scorecard. Wait a minute you said she had delinquencies, so she’s in a dirty card too, isn’t she?

Yeah go ahead and add her. She’s in a dirty card, so it would not have the same effect anyway, as you said earlier. What’s her average ages though? it will bring that down a little, but reduction utilization may very well outweigh that since it’s worth much more. Besides utilization and age are weighted less heavily on dirty cards.

---

Yes. The only delinquencies she has are from me on the Discover account & Navient account.

1. Discover

Open Date - 1/2003

Lates - 3 in 2018 (1. 30D - 8/18, 2. 60D - 9/18, 3. 30D - 10/18)

2. Navient (Paid off in November)

Open Date - 11/2000

Lates - 5 Total - 60D, 90D, 4-120D (Feb-July 2014 - All 90s)

I'm not certain about her average ages. I'm going to look on her 3B report to get her average ages.

Quick questions:

1. Because the Navient account is almost 20 yrs old, will my score likely drop when it closes after my last payment in November?
2. Is this account supposed to be removed in 7 yrs or 10 yrs? 

On one hand, I want it gone because of the delinquencies, but on the other hand, it's one of my longest accounts so I'm just trying to determine which route is best. 

---

Do I understand then, that only the Discover, Navient, and student loans, have lates, and DM is either AU or co-signer on those? Otherwise her accounts have no lates on her own?  

If so, if I were her, I'd get myself removed as AU from both the Discover and the Navient, to get them off my reports. They aren't providing her any access to credit, so the only remaining purpose is if it improves her score due to clean history. Those two cards are not. 

---

@NRB525 OP is AU on Discover and i think joint on Navient which is SL and its one of her oldest. It will be a clean old account next year. If she doesn't have an immediate need, it we be nice to keep the account for age. 

The Discover, OP is AU on, I believe, and if so, yes, you're right  she shd terminate the Discover AU and have it removed from her CR. But must GST it for primary. 

---

@NRB525 & @Anonymous 

I am joint on Discover and my Mother is the cosigner on Navient. The lates were mine and not my Mother's. The goal has been to get those lates removed off my Mother's report for both accounts. I would want them off my report as well, but my Mother's report is my priority. 

[Anonymous]

@credit8502020Cosigner is the same thing as joint, so you’re both primary, there is no removing anyone from either of the accounts.

Now that I think about it awake, lol, I think you can only do early exclusion to remove entire accounts (@Anonymous  right?), so I don’t think you qualify for that, if I recall correctly because it wasn’t charged off or sent to collections. Sorry. But that would remove the whole account so you don’t want that anyway.

There’s no way to do anything more for her account than your account. Anything that happens, should happen to both as you are both responsible. I think your best course of action is to allow the lates to age off of Navient next year and then it will be a great account for age for both of you.

For the discover, you’ve just got to do the Goodwill saturation technique and pray you can at least get the 60 day late and higher off at least, so both of you can reassign to a clean scorecard; otherwise you have to wait them out, but you do get points back I think at 6 months, 12 months, and 24 months and then at 7 years.

So you should’ve seen some points the first of this month for the 60 day late aging to 2 years on 8 & 9 (and scorecard reassignment on the mortgage scores along with a possible drop) and I would expect some the first of next month for the 30 day late aging to 2 years. Did you see points the first of this month?