disabilities. 1  1: the condition of being disabled. 2  2: limitation in the ability to pursue an occupation because of physical or mental impairment. 3  3: a physical or mental illness, injury, or condition that incapacitates in any way; also : a program providing financial support to one affected by disability went on disability after the injury.
A late payment can stay on your credit report for up to seven years. This is the standard time limit for most items. Only a bankruptcy can stay longer -- up to 10 years in some cases. But for late payments, seven is the magic number. You can think of your credit reports as a record of your previous debt payments.
How Long Do Late Payments Stay on a Credit Report? Most negative items, including late payments, can stay on your credit reports for seven years, but not all negative information is equally damaging.