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Delinquency

Becoming delinquent on credit cards and loans can damage your credit history to the point where you may need years to recover. Learn more about delinquencies through these commonly asked questions.

How Late Payments Affect Your Credit Report and Credit Score

The single most important indicator of credit risk is a missed payment. The more recent it was, the greater the impact. Further, the more payments you miss, the longer the recovery.

How Long Late Payments Remain on Your Credit Report

Late payments remain in your credit history for seven years from the date the account first became late.

Authorized Users and Delinquency

If you’re an authorized user on a delinquent account, the account could have a negative impact on your credit profile unless you contact the credit card company and request to have your name taken off the account.

Settled Accounts on Your Credit Report

October 24, 2014

Dear Experian, I recently paid a settlement on a delinquent account. I have the release letters and was told I can send them in directly in order to have the...

Creditors May Not Notify You Before Reporting Deliquency

February 13, 2013

Dear Experian, Do creditors have any obligation to notify you directly of an impending report of a late payment other than a monthly statement? - BNF

Can Delinquency Be Removed from Credit Report

October 12, 2011

Dear Experian, If payment has not been delinquent for two or more years can it be removed from potentially negative status? - FRA

Past Delinquencies are Deleted from Credit Report

July 6, 2011

Dear Experian, Are past delinquencies that have been paid off ever removed from the credit report? Also, do you have someone that you recommend for cleaning up credit? - WHI