How long does a late payment stay in your credit report?

Credit bureaus like Equifax and Transunion will keep any negative information such as late payments in your credit report for up to 6 years.

According to Government of Canada, credit bureaus such as Equifax or Transunion can keep negative credit information in a customer’s record for up to 6 years. In rare cases, records can stay for 10+ years such as multiple bankruptcies. The reason for bad credit reports to stay several years is for credit vendors to determine customer’s eligibility for a loan. Unfortunately, any information in the credit report whether good or bad cannot be deleted or modified. However, good credit report information will stay longer than bad ones. A good credit information can stay up 20 years. A long positive and ongoing credit history what you can strive for in credit report.

Be the first to try the app

Sign-up and get exclusive access to try the app when we launch. It’s time to control your finance.

About us

Control all aspects of your finances. Learn about what you need to know to make smart decisions. But most of all, have trust that we’re here to help. In the end, you’ll have more time to do what you love.
Chango - Unifying your financial world. | © 2018 Chango Card Inc.

Rethinking personal finance

Subscribe to be part of the next wave in finance

Ready for something awesome?