The Truth about Credit Card Delinquency

What is Credit Card Delinquency? If you are ever late in making your payment to the credit card company, you become delinquent. Each month, you are required to make the minimum amount owed; if you fail to do so, the account goes into delinquent status. The number of missed payments is what determines the category in which your accounts stands. For instance, missing a single payment makes the account delinquent one day and missing two payments makes the account 30 days delinquent. The bottom line is that when you miss paying at least the minimum amount due on your credit card, the account...

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