Credit Events
Delinquency
What it means
A payment that is past its due date. Credit reports sort delinquencies by how late they are: 30-day, 60-day, 90-day, and 120+ day. Each step does more damage to your credit score. Lenders do not report a payment as late until it is 30 days past due.
Covered in the free course
- Why Payment History Rules EverythingPayment History
- What Actually Gets Reported: It's Not What You ThinkPayment History
- Anatomy of a Credit Report: Section by SectionReading Your Credit Report
- Your Rights Under the FCRADisputing Errors Like a Pro
- Late Payments: How Bad Are They Really?Payment History
- Collections, Charge-offs and the Nuclear OptionsPayment History
- Red Flags and Warning Signs to Watch ForReading Your Credit Report
- What's Actually Disputable (and What Isn't)Disputing Errors Like a Pro
- Collections and Charge-offs: Your Recovery RoadmapCommon Credit Problems