Here's the situation. I had an auto loan with Ford Credit. Over the first three or four years of the loan I had a lot of late payments. These are showing up on my credit reports. I re-financed the loan with Ford Credit. Now this re-financed loan shows up on my credit records as well as the original loan. The first loan has the worst record. The second loan has only one late payment. The first loan shows as closed, paid with 0 balance as of 9/95 (about 5 1/2 years ago). The second loan shows as closed, paid with 0 balance as of 6/2000. My question is, does the first loan qualify as having no action for 5 1/2 years? That would be 5 1/2 years towards the 7 year mark.