We bought a car in Sept of 97. Financed it for 5years Missed a payment (30 days late) in 8/99. Missed a payment few months ago. On experian report it tells you when your account is scheduled to go off. This March on the report it had 12/06 Rechecked the newer report and now it says 8/08. Can they keep it on your report from the last late payment or 7 years from the orginial missed payment? Does anyone have any clues on this issue? So if I you finance a car for 5 years it can actually stay on your credit (if you miss payment) for like 12 years? EX. Perfect payments until the end of contract so then they can put it on your credit for 7 years from that date?
