Expert: Jason Barnette, Esq. - 10/20/2009

Question
QUESTION: Sir, what is legaly the last date of activity on a credit report?  I am confused! Is it the last payment reported? Please advise. Thank you, Jerry

ANSWER: Jerry:

Pursuant to the FCRA, a furnisher of information and likewise, the credit reporting agencies, are to report the date of last activity as the date of last payment.

Jason Barnette
Barnette Law Offices, LLC
1800 Hayes Street; Suite 122
Nashville, TN 37203
615-585-2245
http://www.barnettelawoffices.com

---------- FOLLOW-UP ----------

QUESTION: according to my credit report the last date of activity was,3-7-03,has the statue of limitations expired for a auto repo for the state of Tennessee?  This date,10-20-09 . Thank you

Answer
Jerry:

Maybe, it would either be ten years under the statute of limitations for written contracts or four years under Article 9 of the U.C.C..  It all depends on how your attorney would present your defense and how the judge would interpret his or her argument.

Jason Barnette
Barnette Law Offices, LLC
1800 Hayes Street; Suite 122
Nashville, TN 37203
615-585-2245
http://www.barnettelawoffices.com