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What is the difference between Date Reported and Date of Last Activity on a credit report?
Wiki User
∙ 19y ago
The "date reported" or status date, is the date that the listing creditor lasted updated the information on a consumer's credit file. The DLA is the last time the consumer used an account, either by making a charge, making a payment (prior to default), or incurring service. The DLA is the date that triggers the countdown for how long information can show on a credit report and also triggers the statute of limitations (SOL) countdown for how long a consumer can be sued. The status date is the date that affects credit scores.
Wiki User
∙ 19y ago
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Does closing a savings account affect your credit report?
No. If you personally close your bank accounts, it will not be reported to any of the credit reporting agencies. However, if your bank closes your savings account due to negative activity on the account, such as overdrafts, NSFs, etc.. they will be reported to CRAs.
When does the seven years start if there is a credit card debt on your credit report and the card was opened in 1999 but the reported last activity was 2001?
2001. Always go by the later dates of payment, delinquency, etc.
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Can I opt out of credit scoring?
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Does closing a savings account affect your credit report?
No. If you personally close your bank accounts, it will not be reported to any of the credit reporting agencies. However, if your bank closes your savings account due to negative activity on the account, such as overdrafts, NSFs, etc.. they will be reported to CRAs.
What happens to bad credit after seven years?
Typically, specific accounts will not be reported to the credit agencies after seven years, whether in good or bad standing. However, check your credit reports periodically. Not only is this a good idea to prevent fraudulent activity, but sometimes accounts continue to be reported after the seven year mark.
Difference between banker's acceptance and letter of credit?
differecences between banker's acceptance and letter of credit
What is the difference between personal credit and business credit?
The difference between personal credit and business credit is that personal credit only applies to one person; one's self. However business credit can be applied to the employees in any company which are covered by the business insurance.
What is the difference between a Platinum card and a regular credit card?
The major difference between a Platinum credit card and a standard credit card is that with a standard credit card credit limits are lower than what they would be with a Platinum credit card. Interest rates will differ as well.
