Delinquency
Credit scores & reportsThe stage where payments are overdue and considered late.
Overview
Delinquency can range from a few days late to serious arrears.
It is often recorded on your credit report.
Why it matters
- It can lower your credit score.
- It can lead to defaults if it continues.
- It affects lender confidence.
FAQs
Is delinquency the same as default?
No. Delinquency is overdue payments; default is a more serious later stage.
How can I recover from delinquency?
Catch up on payments and keep accounts current.
Related terms
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