Now they can get you out of a ticket. Thirty-six states now allow drivers to show electronic proof of insurance coverage during a traffic stop, according to the Property Casualty Insurance Association of America (PCI).
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.
Luckily, there are set time frames for how long negative information remains on a credit report. In general, negative information more than seven years old from the date of last activity (ten years for bankruptcies) must be removed from your file.ate payments typically stay on your credit report for 7 years, so if you missed the payment in 2007, it should be removed from your credit report in 2014. There are some exceptions though, so read our blog How Long Does A Late Payment Stay On My Credit Report for more details. Thanks for asking and come back again.