; or (bb) have been placed in collection or charged off during the two years preceding the date of the credit report; or (II) has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a debt under this title during the 5 years preceding the date of the credit report. (ii) Charged off The term charged off means a debt that a creditor has written off as a loss, but that is still subject to collection action. (iii) In collection The term in collection means a debt that has been placed with a collection agency by a creditor or that is subject to more intensive efforts by a creditor to recover amounts owed from a borrower who has not responded satisfactorily to the demands routinely made as part of the creditor’s billing procedures. (B) Adjustments (i) In general In a case of a borrower with a debt amount described in subparagraph (A)(i), the Secretary shall increase such debt amount, or its inflation-adjusted equivalent, if the Secretary determines that an inflation adjustment to such debt amount would result in an increase of $100 or more to such debt amount. (ii) Inflation adjustment In making the inflation adjustment under clause (i), the Secretary shall— (I) use the annual average percent change of the All Items Consumer Price Index for All Urban Consumers, before seasonal adjustment, as the measurement of inflation; and (II) if the adjustment calculated under subclause (I) is equal to or greater than $100— (aa) add the adjustment to the debt amount, or its inflation-adjusted equivalent