Delinquent Account

What is a Delinquent Account?

A Delinquent Account is a term used to describe a customer with sustained arrears of 2 months or more. Similarly, the customer may be deemed Delinquent in credit slang.

It is also similar, but not quite as severe as having Sub-Prime Credit or Adverse Credit history, the main difference being that those refer specifically to borrowers with a history of severe negative payment information such as Defaults or CCJs.


Q: Do I have a Delinquent Account?

A: You may not be told as such in as many words, but lenders may view your account as Delinquent if you've accumulated arrears, which you almost certainly would have been notified about by the lender in an attempt to reclaim the money owed.

To see how your payment history has been reported, or to view the current status of all your credit agreements, you can try checkmyfile FREE for 30 days then for just £14.99 a month afterwards, which you can cancel online at any time. You'll get complete access to the UK's most detailed Credit Report, with data from four Credit Reference Agencies, not just one.

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