When a payment is late. If you stay late too long, the bank reports you and may send your account to a collector.
Example: A bill due on the 5th, not paid by the 35th, is “thirty days delinquent.”
When a payment is late. If you stay late too long, the bank reports you and may send your account to a collector.
Example: A bill due on the 5th, not paid by the 35th, is “thirty days delinquent.”