Monday, July 18, 2011

What does it mean when a loan goes delinquent?

What is the difference between being late on payments, be it credit card bill, school loan; as opposed to having these accounts go delinquent? What does this do to your credit report or credit score? Is it better to sometimes go delinquent on a loan after alot of time has passed instead of making payments on it?

No comments:

Post a Comment