Consumer Terms

    Generation Code: Definition

    A suffix indicating generational distinction in names.

    Definition

    Generation Code indicates a generational suffix in a consumer's name, such as Junior (J), Senior (S), II, III, etc. This helps distinguish between family members with identical names and is important for proper credit file assembly.

    Examples

    • J = Junior
    • S = Senior
    • 2 = II
    • 3 = III

    Usage Notes

    • Only include if part of legal name
    • Helps prevent mixed credit files
    • Common values: J, S, 2, 3, 4, 5, 6, 7, 8, 9

    More Consumer Terms

    Primary Consumer
    The main individual responsible for a credit account.
    Associated Consumer
    Any additional individual connected to a credit account.
    ECOA Code
    A code indicating a consumer's relationship to an account.
    Joint Account
    An account where two or more consumers share responsibility.
    Authorized User
    A person permitted to use an account but not liable for the debt.
    Social Security Number
    The consumer's 9-digit SSN used for identification.
    Date of Birth
    The consumer's birth date used for identification.
    Consumer Information Indicator
    A code providing special status information about a consumer.

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