# Delinquency

*Borrowing & Credit — Finicade finance glossary*

A delinquency is a payment past its due date, reported in 30-day buckets: 30, 60, 90, 120 days late. The first report is the expensive one — the score damage from 30 days late is a large multiple of the late fee — and each further bucket compounds it. Delinquency is the stage where lenders are still willing to negotiate: forbearance, a modified plan, or a hardship program are all far easier to get before the account is charged off.

**Also known as:** delinquent account, past due, arrears

**Related terms:** [Late Fee](https://finicade.com/glossary/late-fee), [Charge-Off](https://finicade.com/glossary/charge-off), [Credit Report](https://finicade.com/glossary/credit-report), [Forbearance](https://finicade.com/glossary/forbearance), [Defaulting on a Loan](https://finicade.com/glossary/default-credit)

Source: https://finicade.com/glossary/delinquency