Delinquent Account

A delinquent account is a designation given to an account that has failed to make required payments. The term "delinquent" typically refers to accounts that are 30 days or more past due, but the definition can vary by lender. Delinquent accounts are often reported to credit agencies, which can negatively impact an individual's credit score. In some cases, lenders may pursue legal action in order to collect on delinquent accounts.

Terms A-Z

Stay On Top Of Industry Trends

By providing my email address, I agree to’s Privacy Policy