Definitions for "Delinquency"
Related Terms:
Delinquent, Repayments, Delinquent loan, Forbearance, Arrears, Acceleration clause, Prepayment clause, Acceleration, Repayment plan, Delinquent mortgage, Payoff, Prepayment, Installment note, Prepayment privilege, Default, Repayment schedule, Straight note, Pre-payment, Repayment, Installment debt, Defaults, Installment, Graduated repayment, Late charge, Late payment, Non-performing loan, Repayment, Repayment period, New borrower, Default, Repayment term, Debt service, Installment loan, Standard repayment, Balloon note, Retire, Demand, Default, Loan balance, Prepayment privileges, Balloon payment, Mortgage acceleration clause, Repayment mortgage, Repayment, Prepayment penalty, Prepayment option, Lock-in clause, Additional repayments, Debt consolidation loan, Unsecured loan
Failure or omission of duty; a fault; a misdeed; an offense; a misdemeanor; a crime.
A term used for late payment or lack of payment on a loan, debt or credit card account. Accounts are usually referred to as 30, 60, 90 or 120 days delinquent because most lenders have monthly payment cycles. Delinquencies remain on your credit report for 7 years and are damaging to your credit score.
Failure of the debtor to pay an obligation or debt by the date specified in the agency's initial written notification or applicable contractual agreement, unless other satisfactory payment arrangements have been made by that date. Delinquency would also occur if, at any time thereafter, the debtor fails to satisfy the obligations under payment agreement with the agency.
Submenu When payments from a loan are late or missed, as specified in the terms of the promissory note and the selected repayment plan.
MP] A mortgage payment that is more than 30 days late.
Failure or delay in making payments called for under a contract. Generally, when a loan payment is more than 30 days late, most lenders report the late payment to one or more of the credit bureaus which ultimately affects a debtor's credit score.
Delinquency is when the borrower does not make payments on the loan by the dates agreed upon in the contract.
Late payments on a credit account. Major and frequent delinquencies will affect an individual's credit score and thus can hinder the chances of getting a low rate mortgage in the future.
A mortgage payment that's more than 30 days late.
Failure to make mortgage payments before the due date.
Delinquency occurs when all or part of a borrower's required monthly payment is unpaid after the due date.
You are delinquent if your payment is not received by the due date. Delinquencies greater than 30 days are reported to national credit bureaus.
Being behind on payments (such as in a mortgage), but not yet in default.
Late or nonpayments of principal, interest, taxes, or insurance.
Failure to make a loan payment when it is due. If a student is delinquent for 270 days, then you are considered to be in default.
A term used when a loan payment has gone past due.
Delinquency results when the borrower fails to make a payment when due, or to meet other terms of the promissory note.
The failure of a borrower to make an installment payment when due. Close
A Delinquency means that payment is overdue on an account.
A loan in which payment has not been made by the due date. A lender or servicer may assess a late charge if payment is not made by the 15th day.
A debt or other financial obligation on which payment is overdue.
The status of a loan when payment is late. Delinquency may be reported to a credit bureau after 30 days.
When a borrower fails to make a scheduled payment for a student loan on time the student is considered delinquent in payment. There may be late fees charged, and if the borrower misses payments for nine months, they will be considered in default.
A payment is not made on time.
When a borrower is not making monthly payments on time. If several payments are missed, this can lead to foreclosure.
A mortgage loan payment that is past due, but not yet in default.
Failure to make a loan payment when it is due. If you are more than 30 days delinquent, your delinquency will be reported to the national credit bureaus and will negatively affect your credit rating. If you are delinquent for 270 days, you are considered in default.
A situation in which a loan payment has not been made by its due date.
Failure to make required mortgage payments in a timely fashion will result tin delinquency.
Failure to make a loan payment when it is due; multiple delinquencies may lead to default.
Failure to make payment(s) when due according to the Note.
When you fail to abide by the loan agreement and miss out on making payments within the time period, delinquency takes place.
Status of a loan once a loan payment is past due. The number of days past a payment due date after which the loan is in delinquency may vary from loan to loan. Delinquency may make the borrower ineligible for a deferment, forbearance, or future financial aid. It may also damage chances for obtaining credit in the future. Delinquencies greater than 30 days are generally reported to national credit bureaus.
The status of principal and/or interest payments on a loan that are overdue.
A loan is considered delinquent as soon as the consumer fails to make a monthly payment.
A condition when the payment is being late but not yet in default.
Failure to make timely payments on loans.
The total amount of all payments which have become due and remain unpaid since the date of entry of the most recent order for withholding or, if there is no order for withholding, the effective date of the most recent order for support. Also referred to as the "past due amount".
Failure to make a loan payment on time. You may then be required to pay a late fee, expressed as a flat fee or a percentage of the amount due.
Failure to pay debts when they are due.
Regular late payments by a debtor on monthly payments, or on trading accounts.
failure to make timely payments of principal and interest in accordance with the terms of a loan.
Failure to make your scheduled payment when due.
Failure to make payments in a timely manner, which could possibly lead to foreclosure.
an account which is past due. A loan repayment or other debt is considered delinquent when it is not paid either by the date specified in the applicable loan agreement or other contractual agreement or by the date specified on the initial written notification of the debt, unless other satisfactory repayment arrangements have been made by that date. Delinquency would also occur if, at any time thereafter, the debtor fails to satisfy the obligations under such repayment arrangements made with the organization unit. For loans or other contractual agreements, if the debtor fails to pay a debt by the date specified in the applicable loan agreement or contract, it is considered delinquent and interest will accrue as of the payment due date. For general or trade receivables, if the debtor fails to pay a debt by the date specified on the billing document, it is considered delinquent and interest will accrue as of the day that notification of the amount due was first mailed to the debtor.
Failure to make mortgage payments by the mortgage due dates, but still within the period allowed before actual default is declared. Sometimes referred to as “Mortgage Lates
Failure to make a loan payment when due, or to comply with other terms of the promissory note. Delinquent loans are reported to credit bureaus and eventually may become defaulted loans.
Loan principal and/or interest payment that is overdue.
Failure of the borrower to make payments on time.
Failure of the borrower to make a loan payment when due, or failure to meet other terms of the promissory note, but insufficient time has elapsed to classify the borrower as in default.
Payment on a loan is overdue.
Borrower's failure to pay an obligation when due.
Delinquency is the failure to fulfill the obligation of making the payments on the loan as agreed to in the loan contract.
When loan payments are late or missed. Serious delinquency results in default.
Loan on which a payment is overdue.
Delinquency refers to your failure to make payments on time.
A loan payment that is overdue but within the period allowed before actual default is declared.
Comes before default. Your loan is in delinquency when you fail to provide one month's mortgage payment on time.
Failure to make loan payments when loan payments are due.
Comes before default. What happens when you fail to provide one month's mortgage payment.
The act of missing a scheduled payment on a student loan. If delinquency persists, default will occur.
A loan payment that is past due. Usually after 90-120 days of delinquency, the lender will initiate foreclosure proceedings against the loan.
Delinquency occurs when loan payments are late or missed, as specified in the terms of the promissory note and the selected repayment plan.
Failure to make mortgage payments when mortgage payments are due.
Failure to make debt payments on time.
A mortgage loan on which a payment has not been made by the due date.
Failure to make mortgage payments on time.
Failure to make on-time monthly loan payments when due.
The state in which a borrow has failed to meet payment obligations on time.
A debt on which payment is overdue based on the loan terms and conditions.
Failure to make mortgage payments when they are due. Policies vary from lender to lender but a borrower is generally reported delinquent if a payment is more than 30 days late.
failure to pay on an obligation when due; missing a payment to a creditor.
An account with an overdue payment — one of the most common negative items on a credit report.
A period that begins on the day after the due date of a payment when the borrower fails to make the equivalent of one full payment.
Being late with loan payments.
Failure to make a full payment when it is due.
Failure to make required payments on time.
Failure to make loan payments when due. Delinquency can lead to default.
A loan that is overdue in payments.
Failure to make home mortgage loans payments when they are due.
Failure to make payments on time. This can lead to foreclosure.
Past-due payment on a loan.
The condition of being late on a payment but not yet in default.
Occurs when a borrower is late in making payments on a loan obligation and is reported to credit bureaus (such a report remains on the borrower's credit report for up to seven years).
Failure to make a full scheduled payment by the due date.
Neglecting to make payments as agreed in the loan contract.
Incidents of late or missed loan payments, as specified in the terms of the promissory note and the selected repayment plan.
is the term that refers to late payments.
A loan in which a payment is overdue but not yet in default.
A loan payment that has not been received by its due date.
Failing to make a mortgage payment on time.
At first you are delinquent; then you are in default. Delinquency occurs when a monthly mortgage payment is not received by the due date.
Late payments or nonpayment of principal, interest, taxes, or insurance.
Failure by the customer to not make their payments on time. Such action can result in collection and lawsuits.
Failure to make payments on time. Delinquency is measured by months (eg. 1 month = 30 days down, 2 months 60 days, etc).
Failure to make scheduled loan payments when due as specified in the promissory note.
in payments is when the lenders does not receive monthly mortgage payments, it's a step before default status.
Failure to make monthly loan payments when due. Delinquency begins with the first missed payment.
Failure to make a scheduled payment on a loan.
Failure to make payments on time. Department of Veterans Affairs (VA) - An independent agency of the federal government which guarantees long-term, low-or no-down payment mortgages to eligible veterans.
Failure to make payments when payments are due. For most mortgages, payments are due on the first day of the month. Even though they may not charge a "late fee" for a number of days, the payment is still considered to be late and the loan delinquent. When a loan payment is more than 30 days late, most lenders report the late payment to one or more of the credit bureaus.
Failure of the borrower to pay a debt obligation when due.
Failure of a consumer to make loan or credit repayments on time. In a credit report, delays of 30, 60, 90 or 120 days are considered to be delinquencies. In a credit report delinquencies are a negative indicator of the entity's unconscientiousness.
failure to make one or more loan payments on time.
the borrower is not paying the monthly mortgage installments in a timely manner pursuant to the requirements of the loan
Failure of the borrower to make a loan payment when due, or to meet other terms of the Credit Agreement.
When a borrower does not make a loan payment when it is due.
Late- or non-payments of principal, interest, taxes, or insurance.
The borrower's failure to make payments on time.
The failure to make scheduled monthly loan payments when they are due.
Failure to make a payment on an obligation when due.
What happens when loan payments are not paid on time. If the payment is late the loan is said to be delinquent.
Status that occurs when the mortgage lender does not receive a monthly mortgage payment by the due date. At first a borrower is delinquent; then he or she is in default.
Failure to make a payment on the payment due date.
Failure to make payments as agreed in the loan agreement.
Failure to make a scheduled loan payment.
Failure to make a loan payment on time; the loan is not yet in default.
Occurs when loan payments are not paid according to the terms of the promissory note. Late fees are often assessed on delinquent accounts. Serious delinquency may result in default.
Failure to make payments by the date the payment is due.
The failure to make timely payments under a loan or other credit agreement.
failure to pay monthly mortgage payments under a loan agreement.
Not making payments at the correct time.
A loan payment that is at least 30 days past due. Usually after 90 days delinquency, the lender has the right to initiate foreclosure proceedings against the loan which is in default.
The failure to make payments on debts when they are due.
failure of a borrower to make timely mortgage payments under a loan agreement.
Not making mortgage payments. Although most assess a late fee after the due date, borrowers are reported as delinquent and in default after 30 days late and the borrower is reported to credit agencies.
Failure to meet a full payment towards an item of credit on the due date.
Failure to make payments when due. Could eventually lead to foreclosure.
Being behind in a payment on a debt.
The failure of the borrower to make agreed upon loan payments when they are due.
The failure of a borrower to make a mortgage payment when due.
Failure to comply with the terms and conditions of a mortgage, usually by not making payments on time. A delinquency rate is the sum of delinquencies at a point in time divided by the total of outstanding mortgages at that time.
Failure to make one or more installment payments by the due date(s).
Failure to make payments within the time allowed, as defined b contract.
A situation in which the borrower has failed to make payments on time, as specified in an agreement.
Related Terms:
Delinquent, Juvenile delinquency, Status offender, Offender , Arrest, Reformatory, Custody, Imprisonment, Entrapment, Imprison , Offence, Felon, Criminal, Status offense, Felony, Delinquent act, Convict, Jail , Prisoner, Probation, Pardon, Criminal contempt, Suspect, Offense, Contempt of court, Absolute discharge, Gaol , Criminal law, Sentence, Misdemeanor, Parole, Suspended sentence, Detain, Penitentiary, Prison, Charge, Extradition, False imprisonment, Contempt, Police caution, Conditional discharge, Criminal action, Summary offence, Acquit, Offender , Reprimand, Young offender, Indictable offence, Commitment, Detention
Violation of law by a child or youth (usually under 18).
A type of reckless behaviour, particularly among adolescents, and sometimes influenced by hormonal changes, which often involves crime, underage drinking and sexual activity, and illegal drug use.
The commission of an illegal act by a juvenile.
Illegal behavior, which may or may not be the result of a behavioral disorder, which is committed by juveniles.
A crime committed by a minor under the age of 17. Juvenile delinquency offenses are prosecuted in the Family Division of Circuit Court.
antisocial or criminal behavior
This term refers to criminal acts committed by youth under a certain age. Each state determines the age under which youth are considered delinquent offenders subject to the juvenile courts and over which they are considered adult offenders subject to the adult criminal courts. In most states, youth under the age of 18 are considered delinquent offenders, and youth 18 and older are considered adult offenders. In some states, the age limit is slightly lower.
An act that if committed by an adult would be called a crime.
Deliver Deliverable bills
A customer account that has not been renewed and/or not returned the product.
Demand deposits Demand line of credit
Keywords:
dependants, mortgage
Delinquent mortgage Dependants
Keywords:
see
See Delinquent.