The word "delinquency" refers to a person's behavior or actions that break rules or laws, especially when it comes to illegal or improper activities. Full definition
Yet, the move down the credit ladder will likely lead to an uptick in delinquency rates for other categories as well. (morganstanley.com)
This does not take effect until the customer reaches a stage of delinquency of not less than 10 days. (mytiorico.com)
If you miss a payment or your loan is in delinquency for a few months, the best thing to do is to contact the company who manages your loan. (valuepenguin.com)