Hey Fico Fam !
So while checking my experian report few days ago i noticed a decrease of -15 points and was trying to figure out what happened. I then came to the conclusion of the All Zero Penalty. I have 2 AU cards that are reporting and see that they dont count into the mix which was interesting to me . Just wanted to share my experience with you all . Have a great day everyone !
The AZEO seems to affect primary cardholder accounts and AU accounts separately. I've found that I must let at least one primary cardholder account AND one AU account post a balance.
If the other 3 changes mentioned inquiries and/or your new accounts, that could possibly explain some point reduction also.
@NoHardLimits wrote:The AZEO seems to affect primary cardholder accounts and AU accounts separately. I've found that I must let at least one primary cardholder account AND one AU account post a balance.
Good to know .. Thanks for sharing !
@Who_wuda_thought wrote:If the other 3 changes mentioned inquiries and/or your new accounts, that could possibly explain some point reduction also.
i went back to check and this is what i see... that a inquiry did fall off and i didnt even think about that.
@Fico82 wrote:
@NoHardLimits wrote:The AZEO seems to affect primary cardholder accounts and AU accounts separately. I've found that I must let at least one primary cardholder account AND one AU account post a balance.
Good to know .. Thanks for sharing !
Yes, this was a real head scratcher. It took quite a while for me to figure out why my score would drop around 8 points for no apparent reason and then go back up the next month. I finally figured out that it was the AU all zero penalty. For a primary cardholder all zero penalty, my score drops around 22 points.
Well, if your new accounts hadn't reported yet, then no there wouldn't be point reduction reflected for that reason "yet". So according to what's shown, yep... that's the effect of that wonderful all zero penalty! 😕
The good news of course being it's only temporary.
@Who_wuda_thought wrote:The good news of course being it's only temporary.
Yeah i will update once i have something reporting to see the difference
Well guys just an update to my all zero penalty...
I just got a alert that my new nfcu card had reported to my reports and since this is the only primary card reporting a balance i logged on to check if i gained my 15 points back and i did !
@Fico82 wrote:Well guys just an update to my all zero penalty...
I just got a alert that my new nfcu card had reported to my reports and since this is the only primary card reporting a balance i logged on to check if i gained my 15 points back and i did !
Further proof that All Zero is a thing, and can be worth up to 15 points (if not more). Thanks for the update!
