DLA – Why is it Important?

When reviewing your credit report (get a free copy here), you will notice, by each trade line written something that says DLA (date last activity). This mark is basically stating the last time there was any activity (for example a payment) on each trade line.  Why Is DLA Important – Good Credit? Credit models, like

Fico XD- Introducing Alternate Data

Traditional Fico scoring models only factor in information found on a consumer’s credit report. A traditional Fico score can only be generated if the consumer has at least one recent trade line that is open for more than six months on his credit report. This approach was leaving over 50 million Americans without a Fico