What Does Key Derogatory Mean on credit Report?
484077
I think your referring to the codes used to distinguish one derogatory from another. That is a person who is just thirty days past due from one who may have a judgment etc. See if the FTC web site can help you further.
657285
Better Business Bureau:\n\nhttp://www.bbbonline.org/consumer/\n\nRip Off Report:\n\nhttp://www.badbusinessbureau.com/\n\nAlso I recommend searching the internet for the company name to see if anything derogatory has been written.
934538
It doesn't just mean that. It means being tight with money, miserable about money, cynical about charity etc etc.\nAny miserly person.
552919
not necessarily derogatory, depends on the context. It is a shortcut for Christian as the cross represent Christ so the X represents the cross. Kinda like saying u r instead of you are.
1046655
Here is some information on an article I wrote back in December 2005\n\n"How long will collection or other derogatory information stay on your credit report?"\n\nCredit information can and usually stays on a person’s credit report for 7 years. You can use the information below as a reference to guide yourself and figure out how long derogatory information stays on your credit report\n\nGeneral credit information: 7yrs\nCollections: 7yrs from date of last activity\nBankruptcy: 10 yrs\nForeclosure: 12 yrs from the date filed\nGarnishment: 12 yrs from the date or entry or 7 yrs from the date satisfied\nJudgment: 12 yrs from the date or entry or 7 yrs from the date satisfied\nTax lien: 12 yrs from the date or entry or 7 yrs from the date satisfied\nDismissed garnishments, judgments, and tax liens: not reportable\n\nNow that you have this information I’ll give you an example similar to a client. The agent he had worked with before gave him the wrong advice.\n\nLets assume that you had a collection for $1,000 filed against you in December 1998 and you haven’t paid it. It’s now November 2005, so in a few weeks that collection can come off your credit report. (You will probably have to request all three credit bureaus to take it off your credit report). However, you just applied for a loan today and the loan officer tells you that you need to payoff that debt in order to be approved. Since you have the money to pay it off, you do so. Because the date of last activity is now November 2005, the collection will show on your report until November 2012 – another additional 7 years.\n\nNow let assume that this collection was in June 2005 and you pay it off in November 2005 to obtain the loan, this will reduce your credit score. On the other hand if this collection was in September 2005 and you pay it off in November 2005 to obtain the loan, this will actually increase your score. My point is that a collection account that is less than 6 months old and is paid off will be beneficial but if your collection account is more than 6 months old and is paid off this will be detrimental to your credit score.\n\nYou as a consumer can request copies of your credit report from the 3 credit bureaus (although it’s better to get a collective report from all three in one which I can help you with) and dispute information that is incorrect. Incorrect information can be corrected or removed but correct information (good or bad) usually stays on the report for the period allowed. Only the credit grantor (lender/bank) or credit bureau can remove correct information.\n\nIf you find incorrect information on your report, contact the credit grantor obtain an explanation, have them corrected and ask them to contact all three credit bureaus and correct that information on your report. After this you should also contact all three credit with a letter with documented proof of the error on your report and ask them to remove this information. The credit bureaus by law have to respond to your letter and request. Depending on your case they might approve or deny your request but they have to respond to your letter. Following are the addresses for all three credit bureaus.\n\nTrans Union\nPO Box 4000\nChester, PA 19022\n866-887-2673\nhttp://www.transunion.com/\n\nExperian\nPO Box 2002\nAllen, TX 75013\n888-397-3742\nhttp://www.experian.com/\n\nEquifax Credit\nPO Box 740241\nAtlanta, GA 30374\n800-685-1111\nhttp://www.equifax.com/
1052184
The last advice given is very incorrect. If you pay off the total amount the account will appear as paid in full and closed but if you on pay the setlement amount it will show as a collections account paid and lenders know this is a settlement.\n\nHere is some information that I wrote on an article about this issue. Hope it helps\n\n"How long will collection or other derogatory information stay on your credit report?"\n\nCredit information can and usually stays on a person’s credit report for 7 years. You can use the information below as a reference to guide yourself and figure out how long derogatory information stays on your credit report\n\nGeneral credit information: 7yrs\nCollections: 7yrs from date of last activity\nBankruptcy: 10 yrs\nForeclosure: 12 yrs from the date filed\nGarnishment: 12 yrs from the date or entry or 7 yrs from the date satisfied\nJudgment: 12 yrs from the date or entry or 7 yrs from the date satisfied\nTax lien: 12 yrs from the date or entry or 7 yrs from the date satisfied\nDismissed garnishments, judgments, and tax liens: not reportable\n\nNow that you have this information I’ll give you an example similar to a client. The agent he had worked with before gave him the wrong advice.\n\nLets assume that you had a collection for $1,000 filed against you in December 1998 and you haven’t paid it. It’s now November 2005, so in a few weeks that collection can come off your credit report. (You will probably have to request all three credit bureaus to take it off your credit report). However, you just applied for a loan today and the loan officer tells you that you need to payoff that debt in order to be approved. Since you have the money to pay it off, you do so. Because the date of last activity is now November 2005, the collection will show on your report until November 2012 – another additional 7 years.\n\nNow let assume that this collection was in June 2005 and you pay it off in November 2005 to obtain the loan, this will reduce your credit score. On the other hand if this collection was in September 2005 and you pay it off in November 2005 to obtain the loan, this will actually increase your score. My point is that a collection account that is less than 6 months old and is paid off will be beneficial but if your collection account is more than 6 months old and is paid off this will be detrimental to your credit score.\n\nYou as a consumer can request copies of your credit report from the 3 credit bureaus (although it’s better to get a collective report from all three in one which I can help you with) and dispute information that is incorrect. Incorrect information can be corrected or removed but correct information (good or bad) usually stays on the report for the period allowed. Only the credit grantor (lender/bank) or credit bureau can remove correct information.\n\nIf you find incorrect information on your report, contact the credit grantor obtain an explanation, have them corrected and ask them to contact all three credit bureaus and correct that information on your report. After this you should also contact all three credit with a letter with documented proof of the error on your report and ask them to remove this information. The credit bureaus by law have to respond to your letter and request. Depending on your case they might approve or deny your request but they have to respond to your letter. Following are the addresses for all three credit bureaus.\n\nTrans Union\nPO Box 4000\nChester, PA 19022\n866-887-2673\nhttp://www.transunion.com/\n\nExperian\nPO Box 2002\nAllen, TX 75013\n888-397-3742\nhttp://www.experian.com/\n\nEquifax Credit\nPO Box 740241\nAtlanta, GA 30374\n800-685-1111\nhttp://www.equifax.com/
664785
if you are trying to open a Bank Account & you have Very bad Credit yes it can mean no bank Accout for you,Although Now A days Banks Relay on Credit Reports to help them keep away from People That Have Bad Credit or low Credit scores This helps them to have a Better business, & helps them to avoid People that Bounces Checks to many times & costing them Money,I beleave, Keeping A Good Credit report you do not have much to fear about
663639
Anytime someone co-signs on a loan it affects their credit whether it be good or bad.  Example: If someone takes a loan out for $3000 and puts their car up for security and I cosign and their loan goes into default and their car is repossessed then it goes on my credit report as well as theirs. If the loan or whatever has gone to collection agencies already then it is probably already on their credit report.
990702
Disloyalty would imply you are working against the best interest of the business that is paying you. The ability of the business to pay you depends on its success, so you are working against your own interests.  Sometimes, you have to turn against your business: if it is doing something illegal or immoral and you cannot make it change from within, you may have to become a whistle blower, but in doing so, you take the risk that your paycheck may stop coming.
964154
Even if the loan is charged off the creditor can still reposses the car, because it was offered as collateral.  Basically a charge-off is saying the loan is in the worst state possible for your credit reporting.
491284
Debenture is a unsecured (that's critical) debt :).\nFeature:\nYou owe money\nIt probably carries a coupon which you have to pay\n\n\nRival
1055043
Some employers interpret "bad credit" as a sign of irresponsibility.\n\nThere are many employers/jobs that will check your credit.\n\nMy cousin missed out on a correction officer's job because of bad credit.\n\nAt any rate, start working on cleaning up your credit now.\n\nYou don't need an agency.  You can call creditors, explain your situation, make a payment plan, ask for interest relief, etc.\n\nMany people have debt.  To have debt and to have bad credit is not one and the same.\n\nBad credit means you don't pay your bills, borrow or spend more than you can pay, etc.
879327
Yes.If they've gone to collections or an attorney then they're on your report(s) and marked key derogatory or 30,60,90,120 days late.Sometimes the creditor will sell these written off accounts to resurgent companies.At that point you should contact the resurgent company and dispute with all three bureaus.\nOnce you dispute an account that's sold or written off the creditor has no claim to it anymore and will not reply to the dispute.Then the bureaus will remove the information.I did this very same thing and am paying Capital Management only 2477.00 back on 7079.00.They buy these accounts for just a few cents on the dollar and don't report to the bureaus.Resurgent companies don't want your credit ruined.\nBankruptcy is the very last resort.It screws up your credit almost as badly,and yes these bankruptcies go on your reports.\nBarring any of this contact an agency(like the ones you see commercials for) and they can help reduce your payments.I have to do this with my evil ex-wife because I unknowingly married into 27,000.00 of credit card debt.I think we used Credit Guard but I try to think of that experience as little as my failed marriage
1099744
DR means Debit   and CR means Credit\n\nTherefore whatever is under DR means that it was pulled out of your account or that you owe the bank. Take care
624423
If you are shopping for major investment loans, like for homes or cars, all inquries made within a 14 day period count as 1 hard inquiry. (as long as they are all the same kind of inquiry) This rule does not apply to credit cards.\n\nBut otherwise, each hard inquiry can shave 2-50 points off of your credit score.\n\nSo when shopping for credit, you must do your homework ahead of time, and organize your efforts accordingly.\n\nTake care,\n\nI.C. Jackson
556744
slan·der (slăn'dər) \nn.\nLaw. Oral communication of false statements injurious to a person's reputation.\nA false and malicious statement or report about someone.\n\nv., -dered, -der·ing, -ders.\n\nv.tr.\nTo utter a slander about. See synonyms at malign.\n\nv.intr.\nTo utter or spread slander.\n( http://www.answers.com/slander&r=67 )\n\nSlander and libel\nFrom Wikipedia, the free encyclopedia\n(Redirected from Libel)\nJump to: navigation, search\n"Libel" redirects here; for other uses, see Libel (disambiguation). For "liable", see Liability.In English and American law, and systems based on them, libel and slander are two forms of defamation (or defamation of character), which is the tort or delict of publishing (meaning to a third party) a false statement that negatively affects someone's reputation. "Defamation" is the term generally used internationally, and is accordingly used in this article where it is not necessary to distinguish between "libel" and "slander".\n\nVocabulary and general concepts\n\nOrigin of the word libel\nfrom Latin libellus "little book"\n\n\nLibel and Slander terminology\n\nExcuses\nEven if a statement is derogatory, there are circumstances in which such statements are permissible in law.\n\n\nTruth\nIn many, though not all, legal systems, statements presented as fact must be false to be defamatory. Proving to be true is often the best defense against a prosecution for libel. Statements of opinion which cannot be proven true or false will likely need to apply some other kind of defense.\n\nIn some systems, however, truth alone is not a defense. It is also necessary in these cases to show that there is a well founded public interest in the specific information being widely known, and this may be the case even for public figures.\n\n\nPrivilege and Malice\nAlmost all legal systems, including those of the United States, Scotland, and England and Wales, require in some situations that the subject of the communication prove, in a civil court, that the defendant made the statement with "malice", meaning either believing it was false or with "reckless disregard" for whether it was false. This is known as "qualified privilege"; a typical example is a complaint of professional misconduct. "Absolute privilege" has the effect that a statement cannot be sued on as defamatory, even if it was made maliciously; a typical example is evidence given by a witness on oath (although this may give rise to different claims, such as an action for malicious prosecution) or statements made in a session of the legislature.\n\n\nSimilar but different delicts and torts\nSome jurisdictions have a separate tort or delict of "verbal injury" or "convicium" involving the making of a statement, even if truthful, designed to harm the claimant out of malice; some have a separate tort or delict of "invasion of privacy" in which the making of a true statement may give rise to liability: but neither of these comes under the general heading of "defamation". Some jurisdictions also have the tort of "false light", in which a statement may be technically true, but so misleading as to be defamatory. There is also, in almost all jurisdictions, a tort or delict of "misrepresentation", involving the making of a statement which is untrue even though not defamatory; thus if a surveyor states that a house is free from the risk of flooding, he or she has not defamed anyone, but may still be liable to someone who purchases the house in reliance on this statement.\n\n\nCriminal libel\nMany nations have criminal penalties for defamation in some situations, and different conditions for determining whether an offense has occurred. Thus, for example, in Zimbabwe "insulting the President" is by statute (Public Order and Security Act 2001) a criminal offence. In European syste
434783
You need to study the file very carefully.  It may say paid, but if it also says "Charge-off," "Repossession," "late notations", or "Collection", (just to name a few), it's still a negative item on your report, and will effect your credit score.\n\nItems on your report will stay for 7 years from the date of first default.  \n\nThe bad part is that once the creditor has your money, they generally won't give you the time of day.  That's why it's recommended you get an agreement that they remove any negative information, in writing, before you pay off the debt.  \n\nNow that you have lost all leverage to do that, all you can do is politely ask them to remove the listing.  Not likely im most cases I have counseled.