What is the date of last activity?

On your credit score, there is a section called the Date of Last Activity. This is truly defined as the last activity, whether a purchase with the credit card, a payment on the debt, or anything else. Similarly, it can also be negative, like the delinquency date, or the last time anyone checked into your credit score. Managing your date of last activity is one factor that will lead to an improved credit score.
When creditors check your credit score to see your level of risk, they will often check your date of last activity. If all of your dates are negative – that is, if you have delinquent accounts on your credit report – it is unlikely that you will be able to get new credit. Although you cannot really affect negative dates of last activity, it is still important to know your dates in order to know what to expect from your credit score and when you can improve it.

Negative dates of last activity can become dates of first delinquency. These are defined as the first time that you missed a payment that led to it becoming a collection, which happens 120 days after it is past due. Dates of first delinquency will remain on your credit report for seven years and positive dates of last activity will remain for ten years. Bankruptcies will also remain on your credit report for ten years. If you check your credit report regularly, you will know when these dates can be removed and you can check for any inaccuracies. Since collections can be such an important indicator of poor credit, it is crucial that you can get rid of them as soon as possible.

Although the date of last activity is just a marker for how credit companies view your credit report, it is still important for you to maintain it. If you keep watching it, you can avoid accounts ever becoming delinquent to protect your credit score and prevent a lot of hassle for years to come.

Graham Billings

Graham Billings

Graham Billings is a senior at the University of North Carolina at Chapel Hill with a double major in Economics and Political Science. He plans to graduate in December of 2009 and then attend law school in the fall of 2010. He is a member of the Economics Club at Carolina, which brings in speakers and hosts events in order to discuss current economic issues and help those who do not have a background in economics become more familiar with it. He is a National Merit Scholar and Dean’s List recipient. He is originally from Greensboro, North Carolina and attended the Early College at Guilford for high school, taking classes at Guilford College. In addition to economics, his academic interests include the legal and political system. He headed the only student-run, high school-level Honor Court in high school and participated in a national model Congress in San Francisco, run by Harvard students, and won awards of excellence for his work on the mock Supreme Court. Additionally, he tutors Carolina students in economics on a volunteer basis.
Graham Billings

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