Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about derogatory item: | ||||||||
How Do You Correct Mistakes in Your Credit Report?
August 6 , 2003 The credit reporting system is imperfect. Sometimes erroneous information is inserted in a file that adversely affects the consumer?s credit score. If this has happened to you, use the form below to contact the credit reporting agency that has reported the ... more... Credit Reports and Credit Scores November 24, 2004 What Is a Credit Report? A credit report is a report from a credit bureau containing detailed information bearing on credit-worthiness, including the individual's credit history. A typical credit report includes the following: Personal information. ... more... |
||||||||
derogatory item related definitions |
||||||||
Depreciation
Depreciation Decline in the value of a house due to wear and tear, obsolescence, adverse changes in the neighborhood, or any other reason. Depreciation is treated as an expense and is a line item on an income statement. Depreciation can only be applied to the building and not ... more... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
||||||||
More about derogatory item
Credit Help for Real Estate Financing: Five Categories of Your Credit Score Even With Credit Problems... You Can Get A Loan Within 30 Days, If You're Willing To Work At It Repairing Your Credit Score and Clearing Derogatory Marks on Your Credit Report |
|
|||||||
|