A derogatory account refers to a record or description of something that is insulting, disrespectful, or shows a low opinion about someone or something. Full definition
Remove derogatory accounts appearing on all three major credit agencies; Experian Equifax, and Trans Union (morperfectcredit.com)
While you're at it, scan the credit report for derogatory accounts and clean them up as best you can. (thetruthaboutmortgage.com)
Paying off or settling derogatory accounts such as collections, tax liens, or judgments may or may not improve your credit scores, because many credit scoring models are more concerned with the fact that negative items occurred at all rather than the actual balances on such accounts. (thesimpledollar.com)