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.

Latest Articles

Past Delinquencies are Deleted from Credit Report

Are past delinquencies that have been paid off ever removed from the credit...

Can Creditors Garnish My Wages?

Can a creditor still garnish your wages even though the account is...

What Does It Mean to Default on a Loan?

I had student loans in default that have now been consolidated and...

What Is Wage Garnishment?

I recently had a garnishment due to a medical billing and insurance...

Audio: Low Credit Delinquency

When rates of credit delinquency drop, what can it mean for the rest of...

Settled Accounts on Your Credit Report

I recently paid a settlement on a delinquent account. I have the release...

Creditors May Not Notify You Before Reporting Deliquency

Do creditors have any obligation to notify you directly of an impending report...

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.