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What does Transunion "Cancelled Account/Non-Derog Rating mean?

  • Last Updated:
  • Mar 5th, 2012 7:53 pm
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[OP]
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Sep 11, 2006
1159 posts
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What does Transunion "Cancelled Account/Non-Derog Rating mean?

Helping interpret a friend's credit report and there's a Canadian Tire Bank Card that has comments "Cancelled account/non-derog rating" from Transunion. But the payment history all look clean (0 late payments)...is non-derog just some type of standard comment when an account is closed? (my friend doesn't remember when or if she closed the account).
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Deal Addict
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Apr 10, 2010
1271 posts
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"non-derog rating" means, obviously, "non-derogatory rating", which means, the account was in good standing - no past due no late payments.

The whole string "Cancelled account/non-derog rating" is just a standard message that shows up that says your account was in good standing before it was closed. Nothing to worry.
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Dec 1, 2011
2427 posts
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Winnipeg
513263337 wrote:
Mar 5th, 2012 11:36 pm
"non-derog rating" means, obviously, "non-derogatory rating", which means, the account was in good standing - no past due no late payments.

The whole string "Cancelled account/non-derog rating" is just a standard message that shows up that says your account was in good standing before it was closed. Nothing to worry.


+1

This is the exact same thing my Visa account says, after it was closed back in 2007 due to inactivity.
Nothing to worry about, it's not a negative mark.
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