Score Changes, Data Points, Student Loans, AZEO

[Anonymous]

Hey Folks,

So, a little background first and then to my score changes:

I'm in the process of refinancing/becoming a guarantor for a number of commercial loans and also am looking to buy a house soon. Last month, I paid down my student loans so that the remainder I owe is less than 8%. Also last month, in a failed attempt at AZEO, I accidentally paid all my credit cards to zero before they reported and  then lost 10-15 points across all my FICO 8 scores. So, the past week or so, I've been waiting for MOHELA to report my new student loan balance and for my Discover Card to report its new 'above-zero' (below 8.9%) balance and then to see how/if my scores would change.

4/22/18                    5/5/18                       5/7/18                                       5/10/18

EQ 753 (AZ)             EQ 766 (AZEO)        EQ 766 (AZEO)                         EQ 792 (AZEO +Mohela)

TU 735 (AZ)             TU 735 (AZ)             TU 735 (AZ)                              TU 771 (AZEO +Mohela)

EX 712  (AZ)            EX 727 (AZEO)        EX 751 (AZEO + Mohela)        EX 751 (AZEO +Mohela)

Payment History: One 30D Late 2014, One 60D Late 2014; 53 months since last Late Payment. Only reported on TU, EX, not EQ

No Derogs, No Collections. All accounts in good standing.

Age: AAoA  3Y 9M, AoOA  13Y 8M, AoYA  5M

Inquiries: EQ 2, TU 1, EX 5

Credit Mix: 10 Revolving, 6  Current/Active Cards, 4 Installment (Student) Loans

I also pulled my TU 1B report on 5/9/18 and one of cards had reported, making it AZEO. My TU FICO 8 went from 735 a few days prior to 749, however, my TU Mortgage 4 Score went from 743 on the 5/7 down to 738 on 5/9. I'd love to hear thoughts on this. I am hoping someone can explain why my TU Mortgage 4 Score dropped 5 points while my TU FICO 8 Score rose 24 points when I pulled a report two days apart and the only change was my Discover card reporting a small balance. In that case, it seemed FICO 8 rewarded me for doing AZEO while the mortgage score did better when all credit cards reported at zero. Because I pulled my reports so near to one another, I can isolate the data and as far as I can tell, my Discover card reporting a small balance was the only change. My TU Mortgage score did go up today, 5/10/18, to 748 with my new student loan balance reporting. I was really hoping to get my middle mortgage score (which is TU) to above 760, but se la vie.

[Goldenticket]

When I went AZEO just prior to mortgage my MORTGAGE FICO’s went up 40 plus points all three bureaus.

I would double check your AZEO cards to make SURE you are truly AZEO and less than 8.9 on you one card with a balance -even after interest posts for that cycle. Make sure if you have automatics they all come from your AZEO card OR even safer from a visa/debit card.

I also Pay $30 a month for myFICO three bureau plus all score including mortgage. I get a new three bureau report every month. You can choose to wait more than 30 days to pull your three bureau/new Fico 8/mortgage/auto/fico9 buy it is available every 30 days. Between the three bureau reports I can see as each FICO 8 updates with each change to my profile during the month. The mortgage ficos only update after you activate the three bureau score/report every 30 days or so.

Invaluable tool as I prepared to get a mortgage. Good luck.