Permissible Purpose Codes
As part of the FCRA regulations, a 2-digit permissible purpose code is required to specify the reason for retrieving a consumer’s credit decisioning report.
Pass one of the following codes as the value for the purpose parameter in the get report API call.
Permissible Purpose |
Description |
Code |
Account review |
Review account performance for both consumer credit and non-credit accounts. The following review types include but are not limited to:
|
99 |
Eligibility for government benefits |
Determine eligibility for a government license or benefit required by law to consider an applicant’s financial responsibility or status. |
8J |
Extension of credit |
Lending-based assessment for all loan types:
|
31 |
Legitimate businesses need tenant screening |
Property rental financial assessment. |
1B |
Written instruction prequalification |
Evaluate an application’s profile to determine which lending and screening offer they’re qualified to receive. |
3F |
Written instruction – personal guarantor |
When an individual starts acting as a guarantor or assumes personal liability for a consumer, business, or commercial loan.
|
10 |