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| *Loan,banking and credit>>>credit line |
If a person was turned down for an extended line of credit, from a credit card company and the reason - - -? |
they were given as to why they were turned down is a 'Deragatory Trade' . What does this mean ? And what did the person do exactley ??? To get this strange turn down from a bank??? Derogatory trade is basically a negative tradeline/account. Usually when there is a "derogatory trade" that means there is an account on there that has lates or some sort of negative information about it. It might be a collection, a dispute loss, or etc... Hope this helps. |
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