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Frequent Contributor
theshadow12345
Posts: 252
Registered: ‎06-27-2007
0

Dumb Question but...

someone please define a Derog account for me please. Is this the same as an account in collections?
 
Im confused!
 
Thanks
TS
 
 
As of 3/17/08 - TU 619 / EQ 666 / Ex 624
As of 4/17/08 -TU 621 / EQ 671 / Ex 626
As of 6/07/08 - TU 627/ EQ 688 / EQ 644
Moderator Emeritus
fused
Posts: 16,378
Registered: ‎03-12-2007
0

Re: Dumb Question but...



theshadow12345 wrote:
someone please define a Derog account for me please. Is this the same as an account in collections?
 
Im confused!
 
Thanks
TS
 
 


A derogatory account is simply any tradeline or account reporting negative or adverse info.  Some examples are, collections, charge-offs, unpaid child support, judgments, wage garnishments, even accounts that are 120 days late (default time) and so on.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Senior Contributor
Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007
0

Re: Dumb Question but...

On TU and EX reports, they break things down into clear categories. Adverse Accounts (derogs) and Good Accounts. Even a single 30 day late is a derog, albeit far less of a derog than a collection or chargeoff.

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