Reporting balances question

[Anonymous]

So I have added quite a few accounts over the last six months. I went from 0 to 10 revolving credit accounts. I am now getting alerts saying " few accounts in good standing". I have only been carrying a balance on one account every month than PIF AFTER the statement cuts. I have been using all my accounts, some pretty heavy, then PIF before closing. I also have a secured loan that I over pay every month. How many accounts should I leave a balance on this month? I was thinking of leaving a balance on 6 of them, bad idea? I don't want to spook any of my banks.

[Anonymous]

Unless you need to leave a balance on an account, you should zero it out with all but one account.  This is known as "AZEO" and results in optimal FICO scoring.  If you have no intentions of apping for anything else in the relative near future, there's no reason you can't allow more of your accounts to report balances.  Just know that it can result in FICO score dings, depending on how many report balances.  What's important above and beyond FICO scores of course is responsible and smart use of credit, meaning that you don't buy anything that you couldn't/wouldn't pay cash for today and that you don't pay any interest, so you always PIF your statement balances (and then some if you are shooting for $0 reported). 

[NRB525]

OP what are the other Reason Codes that you get?

Are you starting from no cards ever, a new file, or are you rebuilding?

What are your current scores?

I take issues with the suggestion the AZEO provides “optimal FICO scoring” because that phrase is too easily misinterpreted. It is too easy to think AZEO = 850 and it usually does not.  The AZEO can provide a few extra points _within your existing FICO score limits_ and the score band you are in is limited by age of account, whether baddies exist, and recent apps. What AZEO actually does is get your utilization down. If you report a few more cards, also at low utilization, a handful of points shift happens. 

[Anonymous]

Maybe I worded my question wrong. I am familiar with AZEO but my understanding is that optimal scoring with AZEO only pertains to having 3 revolving accounts. So I guess my question would be how to get rid of the "negative factor" of "few accounts in good standing " as all my accounts are in good standing and show paid/current.

[Anonymous]

Nrb- yes I'm starting with no cards. I had one secured loan as of 9/2017. Never had any credit cards before that. Started researching on this forum and began building. I opened 6 CC all prime and 4 store cards which I use. These accounts were opened between 9/2017 - 2/2017. Current FICO's EX 655 TU 642 EQ 672. one medical baddie from 5.7 years ago reporting on all 3. No lates

[Anonymous]

Other reason codes are

Short account history
Installment balance to high

My installment remaining balance is about 46% of original amount. Oldest open account is 12y. Which is the installment loan but it has been reopened a few times because its a tool account. Im a mechanic so i finance big tool purchases. AAoA 2y.

[SouthJamaica]

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@Anonymouswrote:
Maybe I worded my question wrong. I am familiar with AZEO but my understanding is that optimal scoring with AZEO only pertains to having 3 revolving accounts. So I guess my question would be how to get rid of the "negative factor" of "few accounts in good standing " as all my accounts are in good standing and show paid/current.

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I wouldn't worry about it. It's obviously some kind of mistake in getting their message across.

You have more than enough accounts, and they're all in good standing.

[Anonymous]

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Maybe I worded my question wrong. I am familiar with AZEO but my understanding is that optimal scoring with AZEO only pertains to having 3 revolving accounts.

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Not only 3, but 3 or more is when you typically hear someone recommend AZEO.  Even with only 1 or 2 accounts, you'd want either 1 of 1 or 1 of 2 to report a balance, so essentially 1 revolver with a balance reported is the overall most common suggestion regardless of number of cards, whether it's 1 or 100.