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What is considered the 'day of last activity' with creditor or collectors?
Wiki User
∙ 19y ago
The DLA is the last time a consumer paid their account "on time" immediately prior to default. Example: John Doe has a credit card account. In 10/99, he is laid off and misses a few payments. He brings the account current in 01/00. In 06/00, he is injured after making his payment and never goes back to work. According to company policy, the credit card is charged to profit & loss in 01/01 (Industry standard-07/00 + 180 days). John's DLA is 06/00, since that is the last time he made a timely payment before the account was charged off/defaulted. Nothing can legally alter this date, once it is identified by the creditor. The law and internal manuals state that creditors have 90 days to identify this date after placing the account on John's credit report (as a derogatory listing).
Wiki User
∙ 19y ago
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Can the statute of limitation start when a new creditor gets your old debt?
The statute of Limitations is based on the date of last activity (last payment made by the consumer or the date of charge off).
How long is the sol when a debt is transferred from collection agency to collection agency does the date of last activity that starts the sol change or is it actually from start of the deliquence from?
The SOL is from the "date of last activity" from the ORIGINAL creditor. State laws varied, but most are within 4 to 5 years from the dla.
How do you find the date of last activity on an account on your credit report?
Where to find this information on a credit report unfortunately depends on where you obtained your credit report from since they (credit bureaus, mortgage lenders, etc.,) can all use different formats. However, there should be a column or section under each creditor/credit item listed that shows "Date of Last Activity", "DLA" or "Last Active". The three major bureaus are pretty good about putting this information in a separate column (near or underneath the Date Opened or Last/Date Reported). If all else fails, contact the creditor/collector directly (not the credit bureaus) for the most accurate information about the Date of Last Activity.
If a creditor does not report the date an accounts payments became delinquent when does the 7 year SOL begin?
In most cases the SOL begins 180 days after the date of the last activity (DLA) of the account. DLA means the default date or last payment date.
Can a collection agency or the original creditor keep changing your Date Of Last Activity even if you have not been in touch with them for years?
Yes, just about anything is possible. But changing the date of last activity on a derogatory account, known as "re-aging", is a violation of the Fair Credit Reporting Act. If this is something you have proof of, you would be able to file suit for willful violation of this provision of the law.
Is it still legal to be called at work concerning a debt and if so can they find out where you're working if you change employers?
It is legal until you notify the creditor/collectors that you cannot be contacted at your place of employment. The majority of collectors will honor the request, as the last thing they want to happen is for the person to lose their source of income. If they continue to call a "cease and desist" letter can be sent by certified mail, this correspondence can also be used to stop creditors from calling a person at their private residence. Please be advised not all FDCPA laws will apply to an original creditor.
What are names of volcanoes in California?
The California volcanoes are Cosco (last activity 2.5 million years ago), Long Valley Caldera (last activity in the 1750's), Clear Lake (last activity 10,000 years ago), Lassen Peak (last activity 1921), Mount Shasta (last activity 1786), and Medicine Lake (last activity 900 years ago).
What are the names of the of two volcanoes located in California?
The California volcanoes are Cosco (last activity 2.5 million years ago), Long Valley Caldera (last activity in the 1750's), Clear Lake (last activity 10,000 years ago), Lassen Peak (last activity 1921), Mount Shasta (last activity 1786), and Medicine Lake (last activity 900 years ago).
Can debt collectors who buy a debt from another debt collector change the open date to make the debt look newer?
The is YES they can, but! They are not supposed to. Unless you effectively complain and point out to the Credit Bureaus what the debt collector is doing, they will get away with it. Additionally, the same debt "cannot" legitimately be reported with an "outstanding" balance more than once on your credit report. For example, lets say that a debt has been bought and sold three different times. The debt cannot be listed as due and owing by the original creditor and the three subsequent debt buyers. You must remain ever vigilant in keeping your Credit Reports clean. It is illegal for debt collectors to change the date of last activity in order to keep negative records on your credit report longer. The original debt that was charged off as well as all related collection records must be removed exactly 7 years after the date of last activity. The date of last activity is the charge-off date, which is the date that the debt became 6 months delinquent.
What is the statute of limitations for a lawsuit for credit card debt in Washington State?
Three years from the DLA (Date of last Activity) shown on the account. An SOL defense can be subject to tolling according to the interpretation and application of existing creditor/debtor laws.
What if activity is reported and date changed to a previous date?
Write the creditor or reporter of the information and request verification of the debt, including the date of last activity. Ask for a detailed accounting of how that date was established. If you can establish another previous date, the reporting company would have to change it. But, note that you might be acknowledging the debt...and this could have its' own repercussions.
How long does it take for a Password-protected screensaver to be instantiated?
No greater than 15 minutes after last activity.
