The Fair Credit Reporting Act defines the date of first delinquency as the date at which you first became late and then never brought the account current before the creditor decides to charge it off or send it to collections.

What is a delinquency date?

The original delinquency date is the date the account first became delinquent and was not brought current. This date is used to determine when the late payment information is deleted from your credit report.

How do you know if a account is delinquent?

From a lender or card issuer’s point of view, if your due date comes and goes without you making a payment, your account is delinquent. As soon as you become past-due on your payment, you may start paying for the oversight.

How can I tell how old a debt is?

Review Your Credit Reports Your credit reports are the first place you should look for your debts, so be sure to get your free annual credit reports. Most loan accounts (such as credit cards, auto loans, student loans) are reported to the three major credit reporting agencies: Equifax, Experian and TransUnion.

How long does it take for a credit card to be delinquent?

Credit card delinquency occurs when a cardholder falls behind on making required monthly payments. While being 30 days late is generally considered delinquent, it typically takes two months of missed payments before the information is reported to credit reporting agencies.

How does delinquent credit card debt affect your credit?

Delinquent credit card debt is stressful for you and disastrous for your credit. Each month a balance remains delinquent, it damages your credit score. This guide explains how credit card delinquency works and what you can do to overcome it.

How does minimum payment work for credit card delinquency?

For example, while making one minimum payment keeps delinquency from worsening, making two decreases delinquency. For instance, if you are 90 days delinquent, paying the amount equal to two minimum payments will bring you to 60 days.

How is the original delinquency date determined on a credit report?

This date is used to determine when the late payment information is deleted from your credit report. The original delinquency date applies to the first late payment in a series.