New Delhi, Sept. 18 -- Credit card delinquency is simply the situation in which a cardholder fails to make payments of even the minimum amount due on their credit card bill by the due date. This is a major negative and is scrutinised deeply when such an individual applies for personal loans or credit cards in the future.

Furthermore, when the repayment delay extends beyond 30 days, penalty charges and higher applicable interest rates might be applied to all such credit card holders. This can harm one's credit profile and cause decisive damage to the cardholder's credit score.

In the nation's rapidly evolving credit market, understanding delinquency conceptually and managing it professionally is crucial to sustaining long-term financial ...