Picture of Peacock Feathers showing the eyes on the Peacocks tail. Peacock Symbol-Meaning The definition of a Peacock is a male peafowl; having a crested head and very large fanlike tail marked with iridescent eyes or spots.
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.ate 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.
As noted above, a late payment remains on a credit file for seven years. The effect that late payment has on a FICO score, however, changes over time. The FICO formula considers the recency of a late payment. In other words, a late payment in the past six months will be more severe than a late payment five years ago.