Internet's first get-out-of-debt community - 123,000 members

Posted: Thu Apr 03, 2008 3:59 pm Subject: Derogatory Accounts with a "0" Balance

Does your credit suffer from having accounts that show Derogatory but list a "0" Balance?

Posted: Thu Apr 03, 2008 4:04 pm Subject:

I know that when I paid off a derogatory account and the CA reported it as being paid in full, my credit rating jumped about 20 points.

Posted: Thu Apr 03, 2008 5:17 pm Subject:

spatterson_40 - Glad to hear that

BUT- I have a few accounts on my credit reports that show "derogatory" but have a "0" balance.. meaning they are open and reporting they are late.. but I dont owe anything.

So.. does the derogatory hurt my credit or not so much because I dont owe any $$$

I am going to dispute to get it off of there anyways. Just curious

Posted: Thu Apr 03, 2008 8:19 pm Subject:

Usually your account will show in a "derogatory" status for atleast a few years if you've ever made your payment over 30days late. Even if you've paid off your balance. Have you ever made any late payments on these accounts?

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - 123,000 members

Derogatory Accounts with a "0" Balance

Members Area

Free Debt Counseling

Ask the community

Community Photos

Featured Discussions

Featured Articles

Question of the Month

Also See

Recent Forum Discussions

Recent Blog Post