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How much does a derogatory mark lower my score?
I recently saw a false report on my credit from an old car loan. The loan was paid off in full after an accident. There were 2 checks one from insurance and one from the dealership and someone from the car loan place had clerical error and reported it as the dealership check bounced so they closed the account marked it as paid for less than owed and it says derogatory. From what I understand it's being corrected, but what type of impact has this had on my credit for the last year and a half and will the negative reporting still impact it when it's corrected???

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