derogatory accounts

How Do You Explain Derogatory Credit?

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How Do You Explain Derogatory Credit? Derogatory marks are negative, long-lasting indications on your credit reports that generally mean you didn’t pay back a loan as agreed. For example, a late payment or bankruptcy appears on your reports as a derogatory mark. Can a derogatory mark be removed from credit? If the derogatory mark is

What Is A Derogatory Indicator?

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What Is A Derogatory Indicator? A derogatory account is one that is seriously past due. … It also includes collection accounts, charge-offs, repossessions and foreclosures. It may also refer to other information that indicates credit risk, such as bankruptcy and public records. What happens when you pay off derogatory? Paying off a derogatory item doesn’t