@randomguy1 wrote:
@Anonymous wrote:
@CreditobsessedinFL wrote:
@Anonymous wrote:Sounds like the all zero penalty. Never let all of your cards report zero, keep one with a small balance. Throw Netflix on there or something and set it to autopay.
Thanks @Anonymous , I will go look. I prefer AZEO as it is easier for me to manage but I think I actually accidentally got hit mid month with a multiple reporting balances penalty, before statement credits, so, $8.00, $30.00 and the large $969.00 balance decrease, which I just pulled up. @AllZero, standby, I will pull together the data from your questions and respond. It looks like although I paid the balances or received a creditor overpayment, the reporting dates might have been missed by hours ie. one day, yikes.
And this right here is one of the many reasons I think AZEO is a waste if you're not going for a mortgage in the next 60-90 days. It's a lot of work and if everything doesn't line up right, all zero penalty.
I know what you're saying but....
It's good practice for people to get their timing down right so when they are actually read to pull, they get AZEO down correctly. Also, you never know when a rate will drop or that dream house pops on the market, having AZEO a few months before you think you are going to pull your mortgage allows you the luxury of having an optimized score or a longer term rate lock.
It seems easier for me as a noobie, to only have one balance to worry about, IF the goal is to PIF across all cards, anyway. The trick is WHEN during the cycle you PIF, and if your intent was to let a balance report and THEN PIF. Hence, the timing can be tricky to navigate, and you are correct it can take time to figure out what works, hopefully before it is mission critical like a mortgage or CC app.
I got all messed up that the tiny balance counted as 0 (I guess) and there was a hanging $8.00 on another one, so multiple cards reported a balance versus the AZEO, (it seems), but EX does not like a huge payoff of a balance(it appears). Will see in the coming months if the ship rights itself. Could be the inquires too, although it didn't plummet until I paid off the $969.00 and that is given as the reason code next to the -34 pts. as the score drop. 🤦🏽♀️
@Anonymous wrote:
34 points is not an AZ penalty; that’s way too high, in my opinion
I trust you; it seems Uber drastic to me also, but can't seem to find the root cause, EX just lists the payoff of the $969.00.
@Anonymous wrote:
34 points is not an AZ penalty; that’s way too high, in my opinion
Here is what it shows @Anonymous , what are your thoughts???
@randomguy1 wrote:
@CreditobsessedinFL wrote:
@randomguy1 wrote:
@Anonymous wrote:
@CreditobsessedinFL wrote:
@Anonymous wrote:Sounds like the all zero penalty. Never let all of your cards report zero, keep one with a small balance. Throw Netflix on there or something and set it to autopay.
Thanks @Anonymous , I will go look. I prefer AZEO as it is easier for me to manage but I think I actually accidentally got hit mid month with a multiple reporting balances penalty, before statement credits, so, $8.00, $30.00 and the large $969.00 balance decrease, which I just pulled up. @AllZero, standby, I will pull together the data from your questions and respond. It looks like although I paid the balances or received a creditor overpayment, the reporting dates might have been missed by hours ie. one day, yikes.
And this right here is one of the many reasons I think AZEO is a waste if you're not going for a mortgage in the next 60-90 days. It's a lot of work and if everything doesn't line up right, all zero penalty.
I know what you're saying but....
It's good practice for people to get their timing down right so when they are actually read to pull, they get AZEO down correctly. Also, you never know when a rate will drop or that dream house pops on the market, having AZEO a few months before you think you are going to pull your mortgage allows you the luxury of having an optimized score or a longer term rate lock.
It seems easier for me as a noobie, to only have one balance to worry about, IF the goal is to PIF across all cards, anyway. The trick is WHEN during the cycle you PIF, and if your intent was to let a balance report and THEN PIF. Hence, the timing can be tricky to navigate, and you are correct it can take time to figure out what works, hopefully before it is mission critical like a mortgage or CC app.
I got all messed up that the tiny balance counted as 0 (I guess) and there was a hanging $8.00 on another one, so multiple cards reported a balance versus the AZEO, (it seems), but EX does not like a huge payoff of a balance(it appears). Will see in the coming months if the ship rights itself. Could be the inquires too, although it didn't plummet until I paid off the $969.00 and that is given as the reason code next to the -34 pts. as the score drop. 🤦🏽♀️
Having a Chase card and another card you want to AZEO really makes it easier. Put all of your reoccurring payments on your Chase card and less than 9% utilization spend on the other card. Make sure you pay your minimum payment. I like to make the minimum payment wayyyy before it is due so it isn't missed.
The benefit of the Chase card is when you pay it down to zero, Chase reports it as zero.
Thanks, I do not have Chase, so I have to figure out a workaround.
@Anonymous wrote:
My thoughts are you need to go line by line the day before and the day of on your Experian report and see what else changed that does not cause an alert!
I got a sneaky feeling that something else changed.
@Anonymous , could it be a combination of the new BB&T and a HP inquiry that resulted in a reset of AAoya and AAoA and caused the drastic decrease?
I am trying to see if an old AU account dropped off and that might have also decreased my AOAA, not sure how to find it as the EX report in the app is showing in real time, for today, how can I go back to see the day before the decrease on the EX report?February screen shot from MyFICO
@Anonymous wrote:
My thoughts are you need to go line by line the day before and the day of on your Experian report and see what else changed that does not cause an alert!
I got a sneaky feeling that something else changed.
@Anonymous , the EX scores definitely reflect the length of time changes in MYFICO, I usually take periodic screenshots; this show February BEFORE I applied for any credit
(3 new cards) and now with the 4th (new BB&T BT card) and the 3 HPs since February. And it says seeking credit as a - negative red arrow, so my EX seems 😞 right now.
