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Delinquent
Explanation:
Fancy term for saying that you are late on a loan or credit card payment.
Sometimes you will hear: "30 days delinquent" or "60 days delinquent", etc. That means that it has been 30 or 60 days, respectively, since your credit card or loan was in "good standing" (i.e. not late).
Our Thoughts:
If you don't pay your bill on time, you might be assessed a penalty fee, which is likely to hurt your credit rating.