How long do arrears stay on credit?

Your credit report is a record of your payment behaviour. It tracks all your accounts and indicates where, over a period of two years, you have missed payments or gone into arrears on an account. Then after two years, this adverse information simply disappears.

Do old missed payments affect credit rating?

If you already have poor credit and your credit report shows other late payments, a new late payment could still hurt your score, but it may lower your score by fewer points. ... And after seven years, late payments will fall off your credit report and won't impact your scores at all.