• For credit cards, overdue accounts are accounts that have not made at least the minimum payment for 30 days or more.
  • Credit card companies manage the risk of loss due to delinquent accounts by seeking to contact and negotiate with the borrower, as well as using internal or third-party credit collection services.
  • Delinquency can remain on a borrower’s credit report for up to seven years, resulting in a lower credit score, making it difficult to use other forms of debt.