Late Payments. Most derogatory accounts start off as just one late payment. Late payments occur when your account is 30 days late or more. If your account is close or you become current on your payments, late payments can still linger on your credit report for up to 7 years.
The Group of 7 (G7) is a group consisting of the finance ministers and central bank governors of seven major advanced economies as reported by the International Monetary Fund: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States meeting to discuss primarily economic issues.n 2008 the G7 met twice in Washington, D.C. to discuss the global financial crisis of 2007-2010 and in February 2009 in Rome. The group of finance ministers pledged to take all necessary steps to stem the crisis.
This effectively demarcates those nations that are rich and those that are not. Of course, while China will enter the rich nations club, with its current GNI of $5,720, the dragon economy will have a long way to go in order to match the sheer wealth of the United States (which has a GNI of $52,340).