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Delinquent Payments

The term "delinquent" commonly refers to a situation where a borrower is late or overdue on a payment, such as income taxes, a mortgage, an automobile loan or a credit card account. There are consequences for being delinquent, depending on the type, duration and cause of the delinquency. Debts become delinquent when a consumer neglects to make previously agreed… Continue reading Delinquent Payments

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