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.
Helpful to 0 out of 0 people. Late payments generally remain on your credit report for 5 to 7 years. Late payments count very high in credit scoring and can drop your credit score approximately 100 points! Read the articles on this website to educate yourself.