| delinquent |
If a payment is not received by the due date, it is considered delinquent. Delinquencies greater than 30 days are generally reported to national credit bureaus.
Ãâó: studentloan.citibank.com/slcsite/myfiles/acctgloss...
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| delinquent |
When the borrower does not make a payment on time. Late payments are reported to credit bureaus monthly.
Ãâó: services.vsac.org/ilwwcm/connect/VSAC/Pay%20for%20...
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| delinquent |
A borrower who fails to make a loan payment on time is considered to be delinquent. Lenders are required to follow due diligence procedures when payments are late. Any loan that is 59 days or less delinquent is reported to the credit bureaus as current. Any loan that is 60 or more days delinquent is reported as delinquent. Loans that are 270 days (or more) delinquent are considered to be in default.
Ãâó: www.ppslc.com/glossary.php
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| delinquent |
Overdue payment.
Ãâó: chapter13milwaukee.com/pages/glossary.html
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| delinquent |
A failure to deliver even the minimum payment on a loan or debt payment on or before the time agreed. Accounts are often referred to as 30, 60, 90 or 120 days delinquent because most lenders have monthly payment cycles.
Ãâó: www.myfico.com/CreditEducation/Glossary.aspx
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