After that, Hoover thought he had more money than he and his family needed. He decided to use his great administrative skills for the rest of his working life in government service and private charity. During World War I, Hoover ran the official U.S. relief agency helping the suffering people in Belgium.resident Hoover Faces the Depression Unfortunately, Hoover did not end poverty in the U.S.A. as he predicted. In fact, he had to face the worst Depression in American history. The stock market crashed on October 29, 1929, seven months after Hoover became president.
Time Frames for Negative Information. Late payments are black marks that normally stay on a credit report for 7 years. That's true of most negative information like foreclosures, Chapter 13 bankruptcies, charge-offs and paid tax liens; a Chapter 7 bankruptcy stays around for 10 years and unpaid tax liens can linger indefinitely.
1 If your payment is more than 30 days late, the three major credit bureaus are usually notified, meaning the late payment will show up on your credit reports. A late payment on your credit report could stay on your credit report for seven years.  It might decrease your credit score.