If you don't make loan payments on time to credit cards or commercial banks, you can ruin your credit rating and make borrowing in the future difficult or impossible. (thebalancesmb.com)
A loan is considered «delinquent» when a borrower doesn't make a loan payment on time. (valuepenguin.com)
To help college graduates who face school loan debt, the governor proposed allowing students to forgo making loan payments for the first two years. (newsday.com)