what is an act of delinquency 
the definition of being in delinquency depends on the context in which it s being used in finance it often refers to the state of being late on a debt for instance a borrower is considered delinquent if they don t make their credit card payment on time being delinquent can also mean that a financial professional neglects to live up to their fiduciary responsibilities an investment advisor who suggests that a retired client invest in a risky venture is deemed as being delinquent can a delinquency be removed delinquencies are reported to credit reporting agencies but just because it appears on your history doesn t mean that it s impossible to remove it from your credit report submit a report either online or in writing to the credit bureau disputing the delinquency you should also contact the lender to see what can be done especially if you had a good reason for allowing the account to go into delinquency status you may have to offer to pay the account balance to have it deleted from your credit report 