Sentences with phrase «as derogatory marks»

Secondly, if the debt amassed is one you can not pay off, or are late to pay, the consequences (known as derogatory marks) will be reflected only on the primary accountholders credit history --- not that of the authorized user.

What exactly qualifies as a derogatory mark?

Not exact matches

Spend as much time as it takes trying to have derogatory marks removed because they also weigh heavily on your overall score.

Outside of that, it also examines how a company has handled credit in the past, looking at things such as average credit utilization (how much of your available credit you use), as well as the frequency of any derogatory marks towards your account (payment delinquency, collections, liens, etc.).

If you have a good VantageScore ®, you're likely to have a good FICO ® Score, because both consider the same factors: Payment history: your record of on - time payments and any «derogatory» marks, such as late payments, accounts sent to collections or judgments against you.

If you have a good VantageScore ®, you're likely to have a good FICO ® Score, because both consider the same factors: Payment history: your record of on - time payments and any «derogatory» marks, such as late payments, accounts sent to collections or judgments against you.

Outside of that, it also examines how a company has handled credit in the past, looking at things such as average credit utilization (how much of your available credit you use), as well as the frequency of any derogatory marks towards your account (payment delinquency, collections, liens, etc.).

This will vary by lender, but most will want to see borrowers with good to excellent credit scores (which is defined as any FICO score of 690 or above) and no recent derogatory marks on their credit reports (e.g., foreclosures, bankruptcy, defaults, liens, etc.).

Credit card malpractice can lead to several extremely bad consequences on a credit report that are known as negative, or derogatory, marks.

If you have a low credit score with derogatory information on your credit report such as late or collection marks, to get approved for a credit card or loan, creditors may require collateral such as your car or home to be part of the agreement.

Additionally, some derogatory marks will affect your credit less as they age.

The good news is, like all things, bad credit will get better and improve with time — as long as you prevent further missteps or derogatory marks.