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Delinquency and standard are both loan terms representing different levels of the exact same issue: lacking payments.

Delinquency and standard are both loan terms representing different levels of the exact same issue: lacking payments. Delinquency vs. Default: A Summary That loan becomes delinquent whenever you make re re payments belated (also by 1 day) or miss an everyday installment repayment or re re payments. That loan switches into default—which may be the […]

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