DOLA (Date of Last Activity) and DOFD (Date of First Delinquency)

DOLA (Date of Last Activity) and DOFD (Date of First Delinquency) One of the most important things in your credit report is the DOLA or the date of last activity. It can refer to any transaction made on the account, whether it refers to the last payment... More

DOLA (Date of Last Activity) and DOFD (Date of First Delinquency) One of the most important things in your credit report is the DOLA or the date of last activity. It can refer to any transaction made on the account, whether it refers to the last payment made, when it charged off and was sold to a collection agency, or when it was updated after a dispute was investigated. The DOLA changes whenever new activity is recorded on your account. The DOFD or the date of first delinquency, on the other hand, refers to the time when you first became 30 days late on your payment and never made any action to make the account current. Subsequently, the account got charged off. The DOFD is also crucial because this is actually the starting point for computing when the negative items listed above will be removed from your credit report. Both the DOLA and the DOFD are confusing for a lot of consumers because one is often mistaken for the other. This can be devastating for individuals with a numb Less