What is the date of last activity?
The date of last activity is determined in different ways for different accounts, depending on the status of your account. Here’s how Equifax explains the difference:
- For accounts paid as agreed with no balance, the date of last activity indicates the date of the last payment on the account. If you have a credit card that you pay off in full every month, the date of last activity will indicate the last date you paid the bill.
- For accounts paid as agreed carrying a balance, the date of last activity is the most recent date associated with the account. If you have a student loan payment with several years remaining, the date of last activity may be the date you last paid or entered deferment.
- For delinquent accounts or accounts in bankruptcy, the date of last activity indicates the date of first delinquency. The date of first delinquency is the month and year when the account became 30 days past due and led to some action on the part of the lender.
The date of last activity is most significant for delinquent accounts
In the first two cases mentioned above, the actual date of last activity holds little importance for your credit history because you paid as agreed. While a solid payment history may positively impact your credit score and creditworthiness, the date that you paid the bill doesn’t matter as long as your payments are consistently made on time.
For delinquent accounts, however, the date of last activity is essential because it indicates how long the negative account can remain on your credit report. Delinquency indicates a late payment made a full billing cycle—30 days—past the due date. Generally, a delinquent account remains on your credit report for seven years and 180 days from the date of first delinquency (10 years if the debt is discharged in bankruptcy). After that time period, the information will fall off your credit report—except in the state of New York, where it will remain only five years from the same date.
The date of first delinquency starts the clock that counts down the amount of time debt can be reported. If you have negative information on your credit report, such as a late payment or an account in collections, you should know the date of first delinquency because it will enable you to make sure it comes off your credit report after the time stipulated by law.
The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.