Late Pays on Credit cards

[nikkilt28]

What is the name of your state? MO

I opened a credit card in 12/2005 and paid on time every month until July 2006. Due to a huge financial setback I got a little behind so I have a 30 day late in July 2006 and October 2006. I just pulled my free credit reports from Equifax and Trans union, and on Equifax, my account is showing as being in Good Standing, however on Trans Union, it's showing as adverse.
I've been on time every month since October, though still carrying a very high balance. How long before I can expect this account to show in Good Standing on Trans Union?

 

[Paddy Reagan]

I've been on time every month since October, though still carrying a very high balance. How long before I can expect this account to show in Good Standing on Trans Union?

The negative item will remain on your Trans Union credit reports for seven years though its impact on your credit score will diminish as time passes.