Credit reports have a number of notations with each account. Some notations are completely written out, but others are left as abbreviations, and you might not be able to tell what the credit report actually means. These abbreviations are entered by the credit reporting agency or the creditor itself, depending on the credit report that you are reading.
Credit Report
Your credit report is a collection of information supplied by your creditors, collection agencies and public records to credit reporting agencies. These reporting agencies use the information on your credit report to produce a credit score, which gives a general view on your overall creditworthiness.
Notations
Each credit account has a number of different notations designating account information. The type of account information that is provided ranges from the name of the creditor to the balance on the account. Additional notations on the account are also included in the comments section of the credit account. This notation area usually provides information about the status of the account, such as whether an account is charged off.
DFD
A DFD notation on a credit report stands for date of first delinquency. This abbreviation is used on accounts that have late payments, are charged off or otherwise have a negative status. The date of first delinquency is the exact date when the account went into a negative status.
Signifigance
The date of first delinquency determines exactly when your credit account is going to fall off of your report. Most negative accounts are reported for seven years after the date of first delinquency. The DFD is also factored in for the statute of limitations for the account. Each state has laws set into place that limit the amount of time a creditor or collection has to take action against a delinquent account. Once that time passes, a debtor cannot be sued for the delinquent account.
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