Credit Bureau Consumer Codes

Helpful Resources

Learn how to update the credit bureau for a bankrupt member and complete other tasks related to bankruptcy.

Overview

Following are codes that can be entered in to the Consumer information indicator field on the Credit Bureau Reporting Information screen.
(Source: “Credit Reporting Resource Guide,” Consumer Data Industry Association, 2005)

  • NOTE: To report bankruptcy, simply enter the appropriate Consumer Information Indicator on the loan account record. It only needs to be reported once and the loan will remain at the bankruptcy status until an appropriate removal code (Q, S, or U) is reported.

  • Go to Compliance Condition Codes

Credit Bureau Consumer Information Indicators

Code

Description

Blank

Retains previously reported value, or no new value applies for this activity periods

A

Petition for Chapter 7 Bankruptcy

B

Petition for Chapter 11 Bankruptcy

C

Petition for Chapter 12 Bankruptcy

D

Petition for Chapter 13 Bankruptcy

E

Discharged through Bankruptcy Chapter 7

F

Discharged through Bankruptcy Chapter 11

G

Discharged through Bankruptcy Chapter 12

H

Completed through Bankruptcy Chapter 13

I

Chapter 7 Bankruptcy Dismissed

J

Chapter 11 Bankruptcy Dismissed

K

Chapter 12 Bankruptcy Dismissed

L

Chapter 13 Bankruptcy Dismissed

M

Chapter 7 Bankruptcy Withdrawn

N

Chapter 11 Bankruptcy Withdrawn

O

Chapter 12 Bankruptcy Withdrawn

P

Chapter 13 Bankruptcy Withdrawn

Z

Bankruptcy - Undesignated Charter

  • NOTE: Report Indicators with specific bankruptcy chapters, when known.

1A

Personal Receivership

Q

Removes previously reported Bankruptcy Indicator (A through P and Z) or Personal Receivership Indicator (1A)

  • NOTE: Do not report Q as a default value. If no new Indicator applies in the current activity period, leave the field blank.

R

Reaffirmation of Debt

V

Chapter 7 Reaffirmation of Debt Rescinded

W

Chapter 11 Reaffirmation of Debt Rescinded

X

Chapter 12 Reaffirmation of Debt Rescinded

Y

Chapter 13 Reaffirmation of Debt Rescinded

S

Removes previously reported Reaffirmation of Debt and Reaffirmation of Debt Rescinded Indicators (R, V, W, X, Y)

  • NOTE: Do not report S as a default value. If no new Indicator applies in the current activity period, leave the field blank.

T

Credit Grantor Cannot Locate Consumer

U

Consumer Now Located (Removes previously reported T Indicator)

  • NOTE: Do not report U as a default value. If no new Indicator applies in the current activity period, leave the field blank.

 

Compliance Condition Codes

XA

Acct closed at consumers request

XB

Acct information disputed by consumer under FCRA

XC

Completed investigation of FCRA dispute - consumer disagrees

XD

Acct closed at consumer request and in dispute under FCRA

XE

Acct closed at consumer request and dispute investigation completed

XF

Account in dispute under Fair Credit Billing Act

XG

FCBA dispute resolved - consumer disagrees

XH

Acct previously in dispute - now resolved, reported by data furnished

XJ

Acct closed at consumer request and in dispute under FCBA

XR

Removes the most recently reported compliance condition code