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Why is DOLA significant?

Discussion in 'Credit Talk' started by QUEEN_BEE, May 2, 2002.

  1. May 2, 2002 #1
    QUEEN_BEE

    QUEEN_BEE Well-Known Member

    From what I understand, charge off stay on the account 7 or 7.5 years (depending on what year the account info was added to the file) from the date of the first delinquency that led to the charge off.

    So where does DOLA come into play?
     
  3. May 2, 2002 #2
    tmitchell

    tmitchell Well-Known Member

    That delinquency date should be recorded as the DOLA. They should be the same thing.
     
  4. May 2, 2002 #3
    LKH

    LKH Well-Known Member

    The sol is also figured on the dola.
     

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