Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
iamshad

0 Contributions
0 People Helped
How to deal with derogatory accounts for a better tomorrow?
According to my credit report, I have five derogatory accounts. Two of the five are the same (Collection / Charge-Off) but are now marked “Paid” in the status lines. Another two are both school loans that were (Collection / Charge-Off) but are now marked “Paid as well. The last account was a credit card that shows the condition is “Derogatory” and was charged off to another company. Since about a month or so ago I was able to pay off that debit in full and I am now waiting for the report to update that information.

My question is, what can be done (if any) that will help my report not look like I really have "5 derogatory accounts”? I mean in reality, 4 of the 5 accounts have been taken care of and getting the reporting companies to update the accounts correctly can be a task of its own. However, i’m not so sure what i should be asking the creditor to add to the accounts memos, status, etc. it’s just frustrating when I may apply for a rental property, I get denied because of the amount of “negative” lines. I know it’ll take 7 years for these lines to fall off but does anyone have information that will would help me prove that I’ve taken action on the accounts so when my credit is pulled I don’t look so negative?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1132 Contributions
1209 People Helped

Helpful to 0 out of 1 people

Call the Credit Pro's 1-877-235-0324 they can help.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.