Date of Last Activity

[HBC]

OK, The date of last activity (from what I've read) is the last day a payment or charge was made on that account. (simple)

I've also read that making a payment arrangment with the creditor can "reset" the DLA........EVEN if you never make a payment...

Can a "dispute" reset the DLA? (I don't think so)

Are there collection companies out there that willingly monkey around with this?

If the creditor files a lien within the statue of limiations....will that change the DLA on the original tradeline?

[Debt Guy]

OK. You are a little confused.

The trigger event for starting the state SOL and reporting clock is Date of First Harm (sometimes referred to as Date of First Default). In most states, DOFH is the date of the last payment after which the account was never brought current. Sometimes you see the definition phrased as the last payment before charge-off.

Date of Last Activity is a real date but it has absolutely nothing to do with how the account is treated for SOL or reporting.

Credit reports generally do not reflect the DOFH/DOFD. You need to call the CRA and ask the date.

It is a violation of FCRA for a data furnisher to "reage" the DOFH. Sometimes it happens -- but I think not as often as is commonly believed.

You ask: If the creditor files a lien within the statue of limiations....will that change the DLA on the original tradeline?

What do you mean "files a lien?" Do you mean files a lawsuit? In either question, I think the answer is no. Filing suit has nothing to do with the DOLA. It has everything to do with the DOFH.

Does this clarify for you?