Sentences with phrase «such derogatory mark»

Of course this isn't a rule and you can ask each lender exactly which report they look at, but if you have a charge - off or any other such derogatory mark on your Equifax report, it could pose a problem when applying for this particular card.

Such derogatory marks usually remain on your account for a long time, usually between seven and ten years.

Not exact matches

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.).

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.