While reported lates can give an approximation of the DOFD, they are not definitive.
DOFD is the first delinquency in the most recent chain of delinquency that immediately preceded the charge-off.
If the account was back in paid as agreed status after the 30-late in 4/08, then the next delinquency would set the DOFD.
However, a 30-late is not reportable to a CRA until the delinquency is itself 30 days past the billing due date.
Thus, a reported 30-late in 4/2008 would most likely have a date of account delinquency of 3/2008.
However, to furthe complicate using reported delinquency dates, while a 30-late was reported for 4/2008, ir could have actually occured earlier, and the creitor did not choose to report a late to the CRA until a later month.
The actual DOFD is the billing due date of the first delinquency in the most recent chain that preceded the CO.
A reported 30-late is thirty days after the billing due date.
Only the OC, and your account records, can establish the actual DOFD.
The first step is to check what the OC actually reported as the DOFD The CRA does not, for reasons stated above, guess at the DOFD based on the reporting of prior monthly delinquencies. Rather, the creditor was required to have separately reported the DOFD directly to the CRA within 90 days of reporting of their charge-off.
That separate reporting is what the CRA uses.
If the commercial credit report you are using does not provide the reported DOFD, you must obtain it before contesting the accuracy of their reporting of DOFD.
Starting Score: ~470 preBK(8/2010)
