"Derogatory marks" refers to negative or critical remarks or comments made about someone or something that can harm their reputation or image. Full definition
Bad credit auto loans have become very prevalent due to the fact that a large percentage of the American public has some sort of derogatory mark on their credit report. (autos.com)
Most other types of derogatory marks stay on your credit report for 7 years, including repossessions and foreclosures; that's when a creditor takes back the property or vehicle because of non-payment of the loan. (lendedu.com)
You'll also need to have a debt - to - income ratio under 40 %, an open bank account, at least one credit card opened, and no recent derogatory marks on your credit report. (valuepenguin.com)