Derogatory accounts

[Kiltie]

all of my discharged accounts say derogatory. What does this mean? Is this something I should do to change it or can I?

thanks for all your replies

[Flamingo]

Derogatory basically means bad. And that's just what BK'd accounts are. Any account that is not in good standing will be listed under the deragotory section of a credit report. You cannot get that changed unless it is in error; say you have a past account that was in good standing and somehow got changed to being included in your BK when it wasn't.

[Kiltie]

How messed up can all of your credit reports be that requires numerous letters to clean it up and how high did you possibly raise your score?
I follow my scores monthly and havent really found any problems that would raise my score.

[RK05]

all of my discharged accounts say derogatory. What does this mean? Is this something I should do to change it or can I?

thanks for all your replies

I have tried to get the term "derogatory" off of my fiancees report with no luck. One credit company list those same accounts as closed so I don't see why the others list them as that?

[Kiltie]

the derogatory condition on all my accounts for American Honda say that my pay status is Current on Trans Un and Experian but nothing on Equifax.

[HHM]

All tradelines you have at the time you file BK should report as follows.

Balance owed $0.
Notes: Included in Bankruptcy.

Keep in mind, that derogatory language is actually only there for your benefit, kind of like a consumer disclosure. The Credit Reports that get pulled by lenders usually don't contain that summary.

[RK05]

All tradelines you have at the time you file BK should report as follows.

Balance owed $0.
Notes: Included in Bankruptcy.

Keep in mind, that derogatory language is actually only there for your benefit, kind of like a consumer disclosure. The Credit Reports that get pulled by lenders usually don't contain that summary.

So, as long as the account is listed as closed and balance is $0 don't worry about this? If this is true that is great because I have tried to remove them with no luck.

[Kiltie]

My American Honda account does not say closed. It says pay status is current and showing a lease balance of $4541.