One of the worse news that you can come across is negative bank accounts. This grave condition can worsen your financial situation. As per the rules laid down by FCRA the rule of the thumb is seven years. The period clearly starts from 180 days after the first date of law-breaking. The day you miss your first payment you have broken a rule and a law and the countdown begins from that day onwards. So you should start your calculations accordingly depending on the date you missed the date of payment. You should calculate the period and start acting accordingly.