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    JuJuLady's Avatar
    JuJuLady Posts: 2, Reputation: 1
    New Member
     
    #1

    Jan 10, 2012, 05:06 PM
    Why is this listed under derogatory trade line?
    I'm a newbie, so be kind. I recently got a copy of my credit report. I had a car loan that I paid faithfully for 4 years... except I was 30 days late on one month when I switched banks and the payment didn't go through, but I quickly fixed it. On my credit report, it's listed under derogatory trade line, which I'm assuming is a bad thing! The paid the car off with only that one slip-up and in the account notes it says the account is closed and is in good standing.

    Does this have a negative affect on my credit score and if so, is there anything I can do about it?

    Thank you!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jan 10, 2012, 05:11 PM
    Some creditors will report any payment as late if it is. I doubt if it will materially affect your credit rating.

    You can request that the entry be removed.

    Now why do you think we would be unkind?
    JuJuLady's Avatar
    JuJuLady Posts: 2, Reputation: 1
    New Member
     
    #3

    Jan 10, 2012, 05:15 PM
    ScottGem, thank you so much! I think too often I read the "comment sections" when I read articles and such. Call me Scared Sally :)
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #4

    Jan 10, 2012, 05:19 PM
    There are people who abuse the rules of this site. But if you have a legitimate question, you will get a polite and helpful answer.

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