What does Key Derogatory mean on CR?
Date: Thu, 05/11/2006 - 07:55
Hi krispy1997 Credit scores are affected by negative informat
Hi krispy1997
Credit scores are affected by negative information. The derogatory information is in the form of late payments, collections, liens, bankruptcies, charge offs, repossessions, foreclosures etc that affect the credit scoring by 35%.
My personal opinion would be to contact the company reporting this status. You can make an arrangement with them and improve your credit standing.
Does a KD on my CR mean the acct has been cloesd and I don't hav
Does a KD on my CR mean the acct has been cloesd and I don't have to pay?
But you are not obligated if the debt was included in a Ch 7 BK,
But you are not obligated if the debt was included in a Ch 7 BK, correct?
If your account was included in Chapter 7 bankruptcy and you did
If your account was included in Chapter 7 bankruptcy and you did not reaffirmed it, then you are not personally obligated to pay it off.
