The phrase "avoid delinquency" is correct and usable in written English.
It can be used in contexts related to preventing illegal or undesirable behavior, particularly in financial or legal discussions.
Example: "To maintain a good credit score, it is essential to avoid delinquency in your loan payments."
Alternatives: "prevent default" or "steer clear of delinquency".
This helps you avoid delinquency (missed payments) or worse, a default (avoidance of payment altogether).
Almost a quarter of the borrowers used an option to postpone payments to avoid delinquency.
By switching to these types of plans, borrowers avoid delinquency while paying back an amount that is affordable.
Income-driven repayment plans help many borrowers avoid delinquency and default, and we support them (you can read how they work in our free e-book).
The best they came up with was offering cards to people with terrible credit and monitoring them carefully to avoid delinquencies.
At FreddieMac.com, the company offers tips for avoiding such scams, as well as for avoiding delinquency.
In a speech on Tuesday, Federal Reserve Chairman Ben Bernanke recommended reductions in principal for such borrowers as a possibly "more effective means of avoiding delinquency and foreclosure".
Bernanke has previously advocated principal reductions, saying in a speech in March that they could be an "effective means of avoiding delinquency and foreclosure". If the Fed strategy works and reduces the number of foreclosures while helping the owner of the loans -- the central bank in this case -- it could serve as a model for other owners of mortgage loans.
Government spokesman Ahoua Don Melo told the BBC: "Let's avoid political delinquency.
At the time I told Olick that mortgage servicers were selling loans for 3-6 cents on the dollar and they were happy to dump them: "They work 13-hour days trying to salvage what they can, doing anything to avoid reporting a delinquency or foreclosure.
But Mr. Molleur advised him to make a filing under Chapter 13, through which he will pay a total $2,000 over five years on the $100,000 delinquency and avoid tax liability on it.
