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If negative info can only be reported for seven years how do you find out what the date of last activity means for a personal credit card?
Wiki User
∙ 8y ago
The DLA is usually seen as being the last time a payment was made on the account.
The date of last activity is the last time the account in question was paid as agreed immediately prior to its' default. Once a defaulted account is reported to the credit bureaus, the creditor has 90 days to identify the DLA. This date is THE date that triggers the 7 years countdown for its' reporting period and the statute of limitations for how long the consumer may be sued (under state laws). Nothing can legally change this date, even subsequent payment.
This date should be identified in some manner on your credit report. If not, write the credit bureaus, quoting from the Fair Credit Reporting Act, and request identification of the DLA on the account in question.
Wiki User
∙ 8y ago
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