Delinquency means a payment is late. It's an earlier, less severe stage than default, but it still needs attention.
Delinquency is the state of being past due on a required loan payment, typically tracked by the number of days overdue.
Delinquencies can appear on credit reports and, if they continue, can lead to default. Catching up quickly limits the damage.
A payment 30 days past due would commonly be reported as delinquent.
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