Delinquency is a debt that was not paid when due. It’s the Failure of a borrower to make a loan payment on the scheduled payment due date. You become delinquent on a loan if you don’t make a payment when due. Your lender is required to report the delinquency to at least one national credit bureau.

A loan is delinquent when loan payments are not received by the due dates. A loan remains delinquent until the borrower makes up the missed payment(s) through payment, deferment, or forbearance. If the borrower is unable to make payments, he or she should contact his or her loan servicer to discuss options to keep the loan in good standing.