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What is the difference between Date Reported and Date of Last Activity on a credit report?
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.
What else can I help you with?
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.
What is the difference between a credit memorandum and a debit memorandum?
A Debit Memo is a over payment A Credit Memo is a over payment
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
What is the difference between a smart card and a payroll card?
what is the difference between a credit card, debit card and smart card
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
Will the primary and co signer have bad credit if a car is repossed?
Yes. It will be reported on their credit records.Yes. It will be reported on their credit records.Yes. It will be reported on their credit records.Yes. It will be reported on their credit records.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
Can I opt out of credit scoring?
No you can only avoid any activity that gets reported to them but it's nearly impossible..
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
What is the difference between credit shelter trust and irrevocable trust?
What is the difference between credit shelter trust and irrevocable trust?
Will Exxon Mobil report authorized user to credit bureaus?
Exxon Mobil typically does not report authorized users to credit bureaus. Instead, the primary account holder's credit activity is what gets reported, and authorized users may benefit from the account's positive credit history without their own credit activity being reported. It's always best to check with Exxon Mobil directly or review the specific terms of any credit account for the most accurate information.
Difference between banker's acceptance and letter of credit?
differecences between banker's acceptance and letter of credit
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 is 'RPTD' on a credit bureau report?
'RPTD' on a credit bureau report stands for "Reported." It indicates that the creditor has reported the account's status or activity to the credit bureau. This can include information about payment history, account balances, and any delinquencies. It's important for consumers to review these reports regularly, as accurate reporting can significantly impact their credit score.
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.
