Gaining Insight into Credit Card Delinquency

What is Credit Card Delinquency? Credit card delinquency is best described as being late on making payments to the credit card company or issuing bank. If you fail to make at least the minimum payment each month, your account becomes delinquent, which is broken down into different degrees based on the actual number of payments that you have missed. For instance, the first day after not making a payment, your credit card account becomes one-day delinquent. Once a second payment is missed, the account then falls into the full 30-day delinquent category, and so on. Simply put, a single missed...

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