Credit Card Glossary: Terms and Definitions
Date of first delinquency (DOFD)
The date of first delinquency, or DOFD, is an important date for calculating when an some old, bad debts will be required to come off credit reports. When a debt has gone to collections, it will remain on a consumer’s credit reports for seven years plus 180 days from the date of first delinquency.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.