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KD?

Regular Contributor

KD?

Ok, I pulled up my Experian, and I'm seeing that each of the CAs are reporting KDs. What does that mean and can they do that? They have purchased charged off accounts from the OCs.




Starting Score: 588
Current Score: 610
Goal Score: 650


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Message 1 of 17
16 REPLIES
Frequent Contributor

Re: KD?

KD is a Key Derogatory. A Major baddie. Yes they can report it and will. A little more information will help you get the best advice. 


Starting Score: 501
Current Score: 754 EQ,TU 745,EX 750
Goal Score: 800

Message 2 of 17
Moderator Emeritus

Re: KD?

KD is key derogatory, but no a CA can't report that.  They don't even have a code for it.  The only way they can put that on there is to list themselves as a Factoring Company thereby giving themselves certain aspects as listing as an OC.  Yes you can fight this, I have and won.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 3 of 17
Regular Contributor

Re: KD?

Edit: Midland deleted after dispute Smiley Happy

Amex BCP 12,500 - Amazon Chase Signature 10,000 - Discover It 9,000 - Walmart MC 7,500 - Citi Diamond 6,100 - Lowe's 6,000 - Fulton 6,000 - Amazon Store Card 2,000
Message 4 of 17
Regular Contributor

Re: KD?

Can you give me some more information on that Shogun? How exactly can I fight that?




Starting Score: 588
Current Score: 610
Goal Score: 650


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Message 5 of 17
Regular Contributor

Re: KD?

What information do you need? I need all the advice I can get, lol. I'm at the point where I want to just get a lawyer and have them deal with it, but that will be too expensive.

 




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Message 6 of 17
Moderator Emeritus

Re: KD?

Is the account paid?  

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 17
Regular Contributor

Re: KD?

No, and I figure I should settle it and if anything GW the past KDs off?




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Message 8 of 17
Valued Contributor

Re: KD?

When you look at EXP credit monitoring, they show KD's but when you look at your hard copy those are actually CO's.  I don't know why EXP does it this way instead of just showing what the credtor will really see.  If you have a report number you can use the backdoor to see it for yourself.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Message 9 of 17
Regular Contributor

Re: KD?

Backdoor? What do you mean by that?




Starting Score: 588
Current Score: 610
Goal Score: 650


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Message 10 of 17