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
Explore further
Take control of your credit health
Get the complete credit toolkit with all features included.
Start building creditInstant setup. No credit check to join. 14-day money-back guarantee.