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What is key derogatory?

In: Credit Reports [Edit categories]

Answer:

That's a negative entry (\"derogatory\" is a negative term; \"key\" suggests it is an important negative entry). I have heard about credit reporting agencies using \"key derogatory\" where they do not have information from a particular month on file. Specifically in relation to chargeoffs, this can to sometimes occur when the debtor disputes a charge-off appearing in a credit report, and the reporting agency changes the description from \"charge-off\" to \"key derogatory\" while they verify the information with the creditor.

First answer by ID1632946386. Last edit by ID1632946386. Question popularity: 5 [recommend question].

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