From AZEO to 100% cards reporting-no change

[Anonymous]

That sounds a little better. Yes @Rev is right, it will definitely move version 8, scorecard and other factors depending, but nothing like the mortgage scores.

Is your profile clean or dirty? How many accounts on your credit report? What’s the age of your oldest account and your youngest revolver?

Now you see what I’m talking about, it depends on lender. You’re absolutely right.

[Ficoproblems247]

Thanks for the info! I came here with a post (that I wasn’t even correct about) and left with 10x more info instead. Profile dirty for sure. 37 lates, mostly 30Ds with a few 60Ds but starting to age a bit now. No COs or BK. 11 accounts reporting with the oldest at 12 years 7 months. Youngest account 3 months. AAoA is 6.5 years.

[Anonymous]

Those lates are going to put you on a dirty scorecard that is going to give you a maximum ceiling score regardless of what you do.

AZEO would help you more if you were out of that dirty scorecard.

Work on a Goodwill campaign to get some of those lates off. The worst they can say is no. Good luck. Thank you for the data points.

[Anonymous]

Here’s a post to show you what AZEO can do for EX2.

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Update-FICO2-experiment-is-it-worth-it/m...

[Anonymous]

How long have you been reporting all cards with balances?

[Ficoproblems247]

This was my first time. So far I’ve let either 1 or 2 report which showed no difference. After all of the awesome explanations that the other members took the time to elaborate on for me, I understand the concept so much better now. That’s why I love this place. People take their time and use it to truly help each other better their financial goals without ever taking a condescending tone. I seriously don’t think there’s any other place on the internet like it.

[Anonymous]

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@Ficoproblems247 wrote:
This was my first time. So far I’ve let either 1 or 2 report which showed no difference. After all of the awesome explanations that the other members took the time to elaborate on for me, I understand the concept so much better now. That’s why I love this place. People take their time and use it to truly help each other better their financial goals without ever taking a condescending tone. I seriously don’t think there’s any other place on the internet like it.

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How many months have you reported balances? I NEVER report 0 balances (unless I don't use the card that month), but I make it a point to use all cards every month and report balances on each.

I would like to know if you report balances on every card for six months if your scores actually go up.

[Ficoproblems247]

So I went from 5/19/15 to 9/25/19 with only 1 CC.  I just recently started focusing on my credit when I found this forum.  This is the first time I've let all 4 of my cards report a balance.  That's an interesting theory you have, too.  I was thinking of going back AZEO because I really want that CapitalOne Savor card, but I hear that they pull mortgage scores.  I honestly think that my internal records witht them will be enough for a solid approval because I use the crap out of my card.  It started as a QS1 with 1k, and is now a Ven1 with 5k and I'm getting preapprovals for Venture and Savor on their site.  I'm half tempted to leave the garden right now and pull the trigger because Disco just gave me a CLI 15 minutes ago.  

[Anonymous]

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@Ficoproblems247 wrote:

So I went from 5/19/15 to 9/25/19 with only 1 CC.  I just recently started focusing on my credit when I found this forum.  This is the first time I've let all 4 of my cards report a balance.  That's an interesting theory you have, too.  I was thinking of going back AZEO because I really want that CapitalOne Savor card, but I hear that they pull mortgage scores.  I honestly think that my internal records witht them will be enough for a solid approval because I use the crap out of my card.  It started as a QS1 with 1k, and is now a Ven1 with 5k and I'm getting preapprovals for Venture and Savor on their site.  I'm half tempted to leave the garden right now and pull the trigger because Disco just gave me a CLI 15 minutes ago.  

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I've debated this on the forum for several months about this. I have a hunch it helps scores in the long term, lowers them in the short term. I look for anyone going away from AZEO and reporting balances to see if it has any effect. 

I saw one poster say that they reported balances for 3 or 4 months and saw a sizable score increase. Of course without knowing all the details of the profile, its not proof of anything. All other things must be equal (no pay down of balances, BK falling off reports, etc), but if those didn't happen, its possible to use that as 1 data point. 

[Anonymous]

Cardnut The way the algorithm works, it only looks at your current everything. It does not consider the past that’s called trended data and it’s only used in VS4.

Read about trended data and you’ll find evidence to support your view on algorithms that use trended data.