Question about AZEO Strategy

[Gratitude]

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@Anonymous wrote:

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@RicHowe wrote:
Okay. So if someone does have other types of credit usage, than AZEO would have little impact?

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No because "credit usage" is split up into at least two different categories, namely "usage on credit cards" and "usage on installment loans".  So having a balance on an installment loan helps with a small part of "credit usage" but doesn't affect it for all of it.

My napkin math calculations lately tell me that installment loans seem to be about 20% of "credit usage" and credit cards seem to be about 80% of "credit usage" -- out of 165 points, I guesstimate that credit card usage is somewhere around 130 total points and installment usage seems to be around 35 total points or so.  This is separate from "credit mix" which is how nice of a mix of credit you have (open credit cards 5+, open installment loans 1+, with at least one account in each tier showing some activity right now).

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@Anonymous.. 

So "credit usage" tallies overall credit used and ranking percentage are allocated to type;  "credit mix" splits type of credit.  There is clearly a difference in weighing type.

If 3 CC's + AZEO provides you with a best CC score and it gets better if you add Installment Loan (paid down to 8.9% asap) then would multiple Installment loans, aggregate at 8.9% or below, boost your score faster than just one Installment loan + the 3 CC / AZEO?