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Equifax/Transunion Canada late payments

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Equifax/Transunion Canada late payments

Does anyone know how long these agencies report late payments for? If I pay everything on time for two years will that wipe out the latest or am I stuck with those for six years? 

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Moderator Emeritus

Re: Equifax/Transunion Canada late payments

In the US, the Fair Credit Reporting Act determines how long a late can report (7 yrs). But that's US law. I don't know Canadian law, but I imagine they have a similar setup. You could also call the CRA or look on their website (each of the CRAs talk about limitations on the US versions).