63: Delinquent or derogatory real estate secured loan
A real estate secured loan can be a first mortgage, a home equity loan, or a home equity line of credit. Your credit file is showing a real estate secured loan with a payment that was at least 30 days late and/or on which a lender has reported a derogatory status. Late payments are a proven indicator of increased risk. People with late payments are at risk of being overextended.
Paying bills on time every month is important to maintaining a good credit score. If you remain behind with any payments, bring them current as soon as possible, and then make future payments on time. Over time this will have a positive impact on your score.