Payment Pattern Descriptions

Payment Pattern Descriptions

Key to payment pattern definitions:
PAYMENT PATTERN CODEDESCRIPTION
URUnrated/Rate Not Available
0Too new to rate; Approved but not used
EZero balance and current account
1Pays account as agreed
230–59 days past the due date
360–89 days past the due date
490–119 days past the due date
5120 days or more past the due date
6Collection account
7AIncluded in Chapter 13
7BPaying or paid under Wage Earner Plan or similar arrangement
8Repossession
8AVoluntary repossession
8PPaying or paid account with MOP 08 (Repossession)
9Charge-off / Charged off to bad debt
9PPaying or paid account with MOP 09 (Chargeoff) or 06 (Collection)
BAccount Condition Change, Pay code not applicable
CCurrent
FForeclosure
FPForeclosure Proceedings Started, Deed In Lieu
MInsurance Claim, Term Default, Government Claim, Paid by Dealer, BK Chapter 7, 11 or 12 Petitioned, or Discharged and BK Chapter 7, 11 or 12 Reaffirmation of Debt Rescinded

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