Account Terms
Date of Last Payment: Definition
The date the most recent payment was received.
Definition
Date of Last Payment indicates when the creditor last received a payment on the account. This date helps establish payment patterns and is particularly important for delinquent or charged-off accounts.
Examples
11152024 = Last payment received November 15, 2024
Usage Notes
- Should be updated when payments are received
- Important for collection accounts
- May differ from Date of Account Information
Related Metro 2 Fields
Related Terms
More Account Terms
Account Status
A code indicating the current condition of an account.
Account Type
A code specifying the type of credit account.
Account Number
The unique identifier assigned to a credit account.
Amount Past Due
The total amount currently overdue on an account.
Current Balance
The total outstanding balance on an account.
Credit Limit
The maximum amount of credit available on a revolving account.
Highest Credit
The highest balance ever recorded on the account.
Original Loan Amount
The initial amount borrowed on an installment account.
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