@Anonymous wrote:Hello again!
So, I officially completed the AZEO step: for the month of March, all cards were paid to zero with the exception of one card at 7% utilization (2% overall utilization reporting). Going into April, I just got a notification that my Experian score dropped 14 points.
This complicated mess has my head spinning. By the standards of AZEO and using some credit, I was still docked 14 points. I have no other changes on my report besides one more on time payment for Mortgage and same for car payment.
I'm about to give up. Went from 725 to 711.
Not sure what your card lineup is, but there is a catch when using AZEO method. The one with the balance HAS to be a bankcard. Not a store card backed by a bank, not a card from a credit union, and I think it also has issues with charge cards that dont let you carry balances.
Need more specifics to be sure that's what's happening
Also, that each card is reporting the proper balance at time of score drop and not lagging behind?
@Anonymous wrote:So, I officially completed the AZEO step: for the month of March, all cards were paid to zero with the exception of one card at 7% utilization (2% overall utilization reporting). Going into April, I just got a notification that my Experian score dropped 14 points.
Sorry for your confusion and frustration. AZEO works, so something must still be a little off. There are sooooo many factors that go into scoring. Are you sure nothing else changed? It could even be an older account no longer reporting (and affecting credit age), so it may be a small change that isn't apparent. I also noted your utilization is still a little higher than ideal. You'll get the best bump with less than 1% utilzation (instead of 2%) and maybe just a small balance of a few dollars on a card. Having 7% is not as good as a very small balance. Give it a try for another month or two.
@Anonymous wrote:Hello again!
So, I officially completed the AZEO step: for the month of March, all cards were paid to zero with the exception of one card at 7% utilization (2% overall utilization reporting). Going into April, I just got a notification that my Experian score dropped 14 points.
This complicated mess has my head spinning. By the standards of AZEO and using some credit, I was still docked 14 points. I have no other changes on my report besides one more on time payment for Mortgage and same for car payment.
I'm about to give up. Went from 725 to 711.
Hi Reggie, it can take a few tries to get it right. Did ALL of your cards report the new balances? Don't assume they did. If you have the Experian app, go to your accounts, click each single one and note the date and amount that was last reported. This has messed with me before. For example, DCU usually reports on the last day of the month, but they don't always do it every month so I usually make sure that one is a $0 balance. Also, last month Synchrony reported TWICE for me (about 9-10 days apart). I wasn't expecting that one. Also, if you use Chase to report the balance and then pay it off to zero, they will report AGAIN with the new $0 balance and then you'll lose points for reporting all $0. Hang in there!! You'll get it.
