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.
â03-24-2008 01:18 PM. I have read on the Fico site that late payments stay on your report for 2 years....collections and bankruptcies stay on for 7 years. My impression was that a negative, late payment or otherwise stay on for 7 years.ates stay on for 7 long years. fico-newbie33 wrote: I have read on the Fico site that late payments stay on your report for 2 years....collections and bankruptcies stay on for 7 years.