Account in good standing, I would think Last day of activity. Accounts in bad standing, first day the account went delinquent.
Positive tradelines are not ever really obsolete. They can stayon for 10 years or more depending on the credit bureau. Negative tradelines are obsolete 7 years after the first date of delinquency as per the new FCRA of 1996 which is usually 180 days before the charge off date.
Ok, I just want to make sure I get this right. So say I was delinquent first in 94, then again in 98, and then the chargeoff. Does that mean 94 is the date I start counting from? And that it should be removed as obsolete now, because it's a month over 7 years old???? (I hope) Pat
