I've also watched that if we have more than 2 accounts with balances can trigger the *too many accts with balances* penalty. That's why AZEO is recommended (All zero except one).
@Arian7798 wrote:Hello Everyone,
I recently did an experiment going from 7 accts with balances to 6, on the estimator 5 to 6 and 7 to 8 seem to be two of the buckets. The only change to my score was my FICO 8 Bankcard which went up 2 points across all agencies. I was wondering if anyone has some data points showing how important really accounts with balances is on FICO 8 and 9.
For some context I have 19 accts on Experian, 18 on TU and 15 on EQ. Scores are 755, 759 and 768 respectively.
In my experience they're not important at all in the FICO 8's and 9's.
There was a time when I was under the misapprehension that it was best to report a balance on as many cards as possible, so I had each of my cards report a $25 balance. It didn't affect my FICO 8's or 9's at all.
I believe the mortgage scores are the ones that take that factor into account in a major way.
