How Credit Card Delinquency Works !
To remain current on a credit card account, you must pay at least a percentage of your balance each month. When you don’t, or when you pay less than the minimum monthly payment, you become delinquent.
Usually, it takes at least two missed payments before the credit card company notifies major credit bureaus of the delinquency. But once they receive notification, your credit score takes a hit -- as much as 125 points after three missed payments.
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