Delinquent credit, in a nutshell, is the failure to make payments on any financial obligation when the lender or creditor says that it's due.
When your credit is delinquent it's usually stated in terms of being past due either thirty, sixty, or ninety days on the creditor's books, and the will include number of times for each delinquent occurrence.
Delinquent credit will slam your credit report into the dirt and negatively affect your credit score.
The more recent the delinquency is on the report and the more frequently a borrower becomes past due with their payments, the less likely it wll be for a lender to loan money to the borrower.
Lenders will to work with a borrower when they're in trouble if the borrower keeps the lines of communication open with the lender, and demonstrates that they're making an effort to repay any outstanding loan obligations.
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