What does kd mean on credit report?

There is a small red box in my credit report saying KD. I've no clue what does this mean.

There is a small red box in my credit report saying KD. I've no clue what does this mean.
2 Answers

Votes: 
3 votes
+
Vote up!
-
Vote down!

The actual phrase is key derogatory. A kd mark on your credit report means that your account has not been paid and is delinquent. A kd mark on your report always have a negative effect.


Votes: 
5 votes
+
Vote up!
-
Vote down!

KD stands for Key Derogatory. This means that the account has not been paid yet and is delinquent. However, before doing anything you should double check the account. If it is one of the accounts that is closed or should have been closed, then there must not be any KDs on it. Moreover, a key derogatory on your credit report will drop your overall credit score.





Latest Articles

Pdl scams: How you can avoid these fraudulent practices

When an emergency comes to us, we simply grab the instant options that could help us to manage the situation. In such a situation, payday loans are extremely useful as they can give you with immediate cash and relief from your money worries as well. And this is the main reason payday loan ...

View more »
Latest answers

Can an overdue library book dip my credit score ...

I have not returned a book to the library. They have slapped me with a penalty. Will it make any impact on my credit score ...

View more »
Latest from blog

Mistakes which can delay your financial independence

Mistakes are very common and obvious things, especially when it comes to finance. Both youngsters and elders make costly money mistakes. And this includes dads too. There's a proverb you may know, “The man who makes no mistakes does not usually make anything.” Most often, many of ...

View more »