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.
Report Abuse. Late payments can stay on your credit report for up to 7 years, however, many lenders only take the last 12 months of mortgage history into consideration when refinancing your home.Source(s): http://www.fpf-direct.com. Jeremy R Â· 9 years ago.ate payments show for 7 years. Per Fair credit reporting act. any derogatory mark must be removed after 7 years, except for BKs. which can show for up to 10. It impacts your FICO score for 24 months. The older it gets the less it effects the score.