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What does key derogatory mean on a credit report?

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What does Key Derogatory mean on a credit report?

Hi Smith
Key derogatory is nothing but negative information which can hurt your credit score. Know how to remove negative information from credit report.

Derogatory or negative information often hurts the credit file. For example, if a creditor is reporting your account as 30 days late on payment, it is hurting your credit file negatively. Besides, the late payment information arranged in sequence like 30, 60, 90, 120, 180 days late, loan default, collections; charge-offs; judgments and foreclosures are also bad.
If a particular account is marked as key derogatory information in your file, you have to take steps in improving your file. Pay off the account and the file will start improving steadily.

Sub: #1 posted on Mon, 05/15/2006 - 00:34

john john

(Posts: 1234 | Credits: 270.82)

Before disputing the claim the status was marked as 'charged off'. The claim is 'currently' being disputed and the status shows 'key derogatory'. Why would this be?



Sub: #2 posted on Mon, 05/15/2006 - 00:38

smith8738 smith8738

(Posts: 3 | Credits: 46.57)

Bill, you can request an explanation from the bureau about the present status of key derogatory. I don't think it makes any difference because it was negative before disputing the item. Anyway, you can get the status clarified with the bureau in writing. Do let me know when you get a response from them.

Sub: #3 posted on Mon, 05/15/2006 - 01:14

john john

(Posts: 1234 | Credits: 270.82)

thank you!

Sub: #4 posted on Mon, 05/15/2006 - 01:16

smith8738 smith8738

(Posts: 3 | Credits: 46.57)

Smith, I have searched a lot on what does the term Key Derogatory mean but landed nowhere. I think, they put this status on the accounts that are being disputed by the consumer. Not sure...just my thoughts.

Sub: #5 posted on Mon, 05/15/2006 - 17:44

stella stella

(Posts: 488 | Credits: 66.01)

I was staying in apertment and I left aprtment after paying all the dues. But later I got the notice from Apt colletion agency that I have to pay $150. But I was in india when this came. Somehow I missed the date of payment. Moment I realized I have to pay this amont I paid of completely.Collection agency hit my credit report with Key Derogatory. It hurt my credit score very badly. Please let me know how to get rid of this. How long this is going to appear on the report. Please provide me information rgarding this ASAP.

Sub: #6 posted on Mon, 05/29/2006 - 18:50



Did you pay the balance amount to the CA and were they authorized for the collections? If so, the CA must update your file with "paid collection".

You should highlight this item and place it on dispute with the bureau. They will make the changes and send you a free copy within 30 days.

Sub: #7 posted on Mon, 05/29/2006 - 23:52

Gretchin Gretchin

(Posts: 481 | Credits: 85.48)

i have a Key Derogatory on my account for almost 2 years now, and i have no idea who the bill was from! i was never notified, and my credit score is really bad. if i pay this off, will the Key Derogatory fall off my credit report? or am i going to have bad credit forever?

Sub: #8 posted on Fri, 07/28/2006 - 21:58



If you don't know what the bill is from then DISPUTE it. The collection agency MUST provide debt validation. The credit reporting agency will investigate it and if it's founded as unfounded they will delete it for you.

If not then you can get the address of the collection agency and send a debt validation letter which they must respond to. If they do not then they can not collect the debt... and must remove it from your credit history.


Sub: #9 posted on Sun, 07/30/2006 - 05:29


I'm currently in the process of repairing my credit after many mistakes in my youth. I have 2 key derogatories on my experian file but my equifax and transunion are reflecting my status more clearly. These are debts which have been paid off for over 2 years now. Is there a way I can still dispute this?

Sub: #10 posted on Wed, 09/06/2006 - 19:15

RogueAngyl RogueAngyl

(Posts: 4 | Credits: 1.54)

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