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WHYCHAT, I need closure on DOLA


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Posted by Shelby (205.188.209.144) on November 14, 2003 at 22:36:54:

I'm still confused with DOLA, please forgive me (and I hope I don't confuse you by my question), but what if you were deliquent for 3 months then you made a payment in the 4th month, would that payment be applied to the delinquent month? Would your accout still be deliquent? If so, (and you haven't made anymore payments) will the DOLA be the start of SOL before chargeoff? And does Chargeoff begin at DOLA?




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