Delinquency
Delinquency is when you fail to make a payments on a loan on time. When this happens, the creditor will usually report the late payment to the credit bureaus. Having a delinquency on your credit rep
http://www.brokeroutpost.com/reference/26477.htm (Updated: 05/31/2007)
Related Reference Topics: [delinquent, delinquency, late, lateness]

Mortgage Lateness
When a customer does not pay their mortgage on time, their lender may report the lateness to a credit bureau.
http://www.brokeroutpost.com/reference/15351.htm (Updated: 02/03/2006)