Mortgage scores

[Boxermom1]

Hi all!  Silly question, but it's bugging me. I only joined this about a week ago, but I see my scores increase on the general fico scores, but they don't budge on the mortgage scores, which is where I'm focused. Any insights?

[AllZero]

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@Boxermom1 wrote:

Hi all!  Silly question, but it's bugging me. I only joined this about a week ago, but I see my scores increase on the general fico scores, but they don't budge on the mortgage scores, which is where I'm focused. Any insights?

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AWB Accounts With Balance, how many do you have compared to accounts?

Are you practicing AZEO All Zero Except One card reporting a balance?

I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?

From Birdman7
General Scoring Primer and Version 8 Master Thread, pub.5.17.20

[Boxermom1]

I did read that. Excellent article and I will take that step. All but one of my cards have low balances; one is 0.  I'm quicky lowering the balance on PayPal which is about 2000.  But that still doesn't explain why my regular scores have gone up 25 points and my mortgage scores haven't budged. 

[AllZero]

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@Boxermom1 wrote:

I did read that. Excellent article and I will take that step. All but one of my cards have low balances; one is 0.  I'm quicky lowering the balance on PayPal which is about 2000.  But that still doesn't explain why my regular scores have gone up 25 points and my mortgage scores haven't budged. 

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@Boxermom1  Mortgage scores, EX2, TU4, EQ5, besides utilization %, they are also sensitive to AWB Accounts With Balance.

Try zeroing out your small dollar balance revolving accounts. The more zeros you can report will raise your mortgage scores. If you can get to say under 50% or ~20% of AWB, then it would be ideal.

[SouthJamaica]

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@Boxermom1 wrote:

Hi all!  Silly question, but it's bugging me. I only joined this about a week ago, but I see my scores increase on the general fico scores, but they don't budge on the mortgage scores, which is where I'm focused. Any insights?

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The monitoring service updates the FICO 8 scores from time to time, but only updates the mortgage scores when you pull your full 3B report.

[Tiersha]

I tried azeo for 5 months.  My mortgage scores didnt budge.  I went away from azeo and let all cards report with a balance and hey it went up two points.

I know Birdman will tell me it's not the moving away from azeo that did it for me but the moment I moved away I saw a score change...just like in ninth 3 or 4 I saw a score drop a few months into azeo.

Azeo may work for some credit profiles but I fully believe they do not work for all.  

And as for my uti it's still between the 1 and 4%.

[Anonymous]

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@Tiersha wrote:

I tried azeo for 5 months.  My mortgage scores didnt budge.  I went away from azeo and let all cards report with a balance and hey it went up two points.

I know Birdman will tell me it's not the moving away from azeo that did it for me but the moment I moved away I saw a score change...just like in ninth 3 or 4 I saw a score drop a few months into azeo.

Azeo may work for some credit profiles but I fully believe they do not work for all.  

And as for my uti it's still between the 1 and 4%.

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It definitely will depend on what type of card you are leaving the small balance on, too, if you did not know that all ready.

Mortgage scores like more accounts with zero balances than several accounts with balances..

It may very well have been somethinf else, a metric we cannot measure with the info given.

[Tiersha]

Cap 1 Merrick bank

Merrick bank was my Zero reported balance card even though used every month....paid of before reporting to the bureaus.  Cap1 I only ever allowed $50-$75 to report...both well under 10% together and seperately.

[Boxermom1]

Thanks. That answers my question. 

[nwa479]

I also had the same issue with AZEO where I didn't gain much.  But maybe I had achieved some of the benefit at AZE2 since I had about 15 cards.  I'm also on a dirty score card with a recent collection so that may have limited AZEO.  

This month I gain 11 on EQ and 9 on TU but nothing on EX.  Still researching what caused the increase.  All my 5,4;2 scores had the same pattern (auto, mortgage, and bank card).