What is the role of delinquency rates to borrowers and lenders?

Posted by - September 13, 2021

What is a delinquency rate? Before we talk about delinquency rates, let us start by explaining what delinquency means. When can a lender report a loan as delinquent? Lenders will not usually report on the first payment missed, but he might on the second. Until the second missed payment, the lender will not report to