Delinquent

What is a Credit Delinquent?

A Delinquent, in credit terms, is credit slang for a customer that does not pay on time. A delinquent account is one that is, or has been, in arrears and will subsequently have a negative impact on your credit rating. This will be displayed in the payment history of your credit report.

Delinquency will continue to have an adverse effect on your credit rating even if the account is brought up to date, and will remain on your credit report for six years from the date of account closure. If you miss two months of repayments, it becomes a Delinquent Account.


Q: How long does it take to be classified as delinquent?

A: As soon as you miss your first payment you become a delinquent in the eyes of a lender.

Q: How will this appear on my credit file?

A: 'Delinquency' itself does not appear on your Credit Report, but any negative payment markers that would contribute to this will. For example, having a Default on your Credit File would mean that you have a Delinquent Account, but only the Default itself will appear on your Report.

To find out what information is on your Credit Report, you can try checkmyfile FREE for 30 days, then for just £14.99 a month afterwards, which you can cancel online at any time.

Jargon Buster

Use the links below and the resulting list of terms on the right to locate the term you are looking for. If you can't locate it, please get in touch.

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
keyboard_arrow_left

keyboard_arrow_right

We are rated number 1 for customer service on