"Derogatory credit" refers to negative or unfavorable information about someone's credit history. It implies that the person has failed to fulfill their financial obligations, such as making late payments, defaulting on loans, or having accounts sent to collections. This can have a detrimental effect on their credit score and make it more challenging for them to borrow money in the future.
Full definition
Synonyms for individual words can be found below.
«derogatory»
«credit»
Sentences with «derogatory credit»
- This list will show you the four categories of waiting periods (Conventional, VA, FHA, and USDA) and their subcategories with the types of derogatory credit events. (gocleancredit.com)
- Are you curious about the waiting periods for significant derogatory credit events, such as bankruptcy and foreclosures? (gocleancredit.com)
- Start with the following major derogatory credit information such as: (rebuildcreditscores.com)
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