Consumer Comeback Blog

Credit Score Glossary: Delinquent

Delinquent: Used to refer to a person or an account that is late or overdue on payments.

Delinquency can refer to loans, credit cards, income taxes, and mortgages. Delinquent accounts can be classified according to the time they are past due (i.e. 30, 60, 90, 120 days) or by the type of delinquency (charge-off, repossession). Consequences can vary anywhere from a borrower having to pay late fees for past due credit card payments to a borrower having his or her home foreclosed on for past due mortgage payments.