Debt delinquency timeline: what to expect

Delinquent debt won't simply go away
1 of 7

At a time when unemployment remains stubbornly high and job prospects seem dismally low, the danger of missing a credit card payment or two is all too possible for many borrowers. Some may be tempted to try to outrun the debt by dodging collection calls and throwing away creditor letters. But sooner or later, your debt will find you.

"Just walking away from a debt won't solve the problem," says Barry Paperno, consumer affairs manager for

Your delinquent debt can follow you on your credit report and possibly all the way to court if you refuse to pay. Bankrate outlines the timeline for debt collection efforts and reveals what to expect and what you can do at each point.




Show Bankrate's community sharing policy
          Connect with us
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

Debt Adviser

3 easy ways to rebuild your credit

Dear Debt Adviser, Two years ago, I requested my credit report. It was not a good sight to see. Thankfully, I have cleaned it up to the best of my ability. I have paid off all my debt. I do, however, have one big problem.... Read more

Partner Center

Connect with us