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.
Big Four (Western Europe) The Big Four, also known as G4 or EU4, refers to France, Germany, Italy and the United Kingdom. These countries are considered major European powers and they are the Western European countries individually represented as full members of the G7, the G8 and the G20. France, Britain, Italy and Germany have been referred to as the big four of Europe since the Interwar period.