creditors date of last activity

[Anonymous]

How is the date of last activity determined? I have a debt fron 2003 but apparently it has been purchased by a collection company, I have not talked to or made a payment on the card since 2003 or 2004, but the collection company has the date of last activity and missed payments from Dec 2009. Has anyone dealt with this type of thing before ? The name of the Company is (asset collection)

[Anonymous]

Hi and welcome to the forums.

The date of last activity can be a number of things.  Last time someone checked your account, a payment was made, updated, etc.

The date that is important is the DoFD.  It is the time you were late and never brought the account current again.  This is the date that is used todetermine when it will fall off your report.

Collection agencies cannot have a payment history.  They get that from the OC.  2009 may be when the received the account in their office.

If you can post the account leaving out personal information, we can look at it.   If the OC is reporting, see if they have a payment history and post that also.

[RobertEG]

There are several important dates for credit reporting,  but date of last activity is not one of them.

Ignore any reporting done by a CA, as it relates to credtit reporting, other than the fact that it is there.

You need to know the following dates from the OC acccount, and OC account only:

Date of your first delinquency with the OC (usaully your 30-day late with the OC)

         This remains for 7 years from its date.

Date of a 60-day late reported by the OC.

         This remains for 7 years from its reported date

Date of any 90+ lates reported by the OC.

         These each remain for 7 years from the date reported by the OC.

Any OC reporting of a charge-off to the OC account.

         The CO remains for 7 1/2 years from the DOFD on the OC account.  DOLA is meaningless

Any CA reported.

          The CA, similarly, remains for 7 1/2 years from the DOFD on the OC account, regardless of

           any dates reported by the CA.

DOLA only becomes important if you are facing legal action, and your state statute of limitations provides for extension of your SOL defense based on any DOLA.

It has zero to do with credit reporting and scoring.

[Anonymous]

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@RobertEG wrote:

DOLA only becomes important if you are facing legal action, and your state statute of limitations provides for extension of your SOL defense based on any DOLA.

It has zero to do with credit reporting and scoring.

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Only if the last activity is a payment or a promise to pay... i don't wanna correct you but i don't want him to think necessarily that his statute of limitations has been reactivitated as of '09 cuz then he would be well within it.

[Anonymous]

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@Anonymous wrote:

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@RobertEG wrote:

DOLA only becomes important if you are facing legal action, and your state statute of limitations provides for extension of your SOL defense based on any DOLA.

It has zero to do with credit reporting and scoring.

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Only if the last activity is a payment or a promise to pay... i don't wanna correct you but i don't want him to think necessarily that his statute of limitations has been reactivitated as of '09 cuz then he would be well within it.

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Not all states accept a promise to pay as binding unless it is in writing.  In some states you have to also acknowledge the debt as yours, in writing, along with the promise to pay to be binding.

[Anonymous]

The reason I ask is because it is listed as having happened last year, the debt is from 2003 but it is showing up as debt from Dec 2009. I have spent the last year trying to rebuild my credit and this shows up a couple of months ago.

[Anonymous]

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@Anonymous wrote:

The reason I ask is because it is listed as having happened last year, the debt is from 2003 but it is showing up as debt from Dec 2009. I have spent the last year trying to rebuild my credit and this shows up a couple of months ago.

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Where is the Dec 09 date showing?  Is it the date opened by the CA? 

Can you post the account exactly as it shows on your CR?  Leave out personal information.

[Anonymous]

"There are several important dates for credit reporting,  but date of last activity is not one of them"

Are you saying that this doesn't factor into your score at all?   I have a CA who updates the 'date reported' field on TU monthly and I was under the impression this is killing me.

[MarineVietVet]

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@Anonymous wrote:

"There are several important dates for credit reporting,  but date of last activity is not one of them"

Are you saying that this doesn't factor into your score at all?   I have a CA who updates the 'date reported' field on TU monthly and I was under the impression this is killing me.

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The CRTP (Credit Reporting Time Period) is never based on DOLA otherwise a creditor could keep updating an account and it would never drop off.

The DOLA can and does affect scoring when the update makes the account appear more recent but the CRTP can never be changed.

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score

[Anonymous]

The name of the company is Asset Acceptance LLC, name of the account is asset acceptance and shows a date opened as of 12-01-2009 and at the bottom where it shows payment history staring in April to June, shows a red box with the letters KD. How can they claim the account was opened in Dec 09 when the original debt has not been active nor have I had any correspondents since 2004.