< Financial Dictionary

The term delinquent refers to accounts that are behind on their payment schedule, and the number for this that appears on your credit report indicates the number of days that your account is behind payments for that particular creditor. The most commonly used time frames are 30, 60, 90 and 120 days past due. Very often there will be some sort of notation next to this information indicating a special status for the account in question. These include things such as charge-off, repossession, transferred, sold, etc. Delinquent accounts count against your credit scores. Unlike consumer credit counseling programs, you do not have to be two months delinquent to qualify for our programs.

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