Ch 5 Exhibit 5

The video summarizes Exhibit 5 from Chapter 5 of the Metro 2 Credit Reporting Resource Guide, helping readers use Metro 2 to accurately read credit reports, identify errors, and draft dispute letters to consumer reporting agencies (CRAs). Exhibit 5 lists various methods for reporting the payment history profile (Base Segment Field #18, Chapter 4), including examples for furnishers reporting on specific dates (e.g., the 1st, 15th, or last day of each month) and specialized payment history requirements for certain status codes.

This exhibit ensures payment history aligns with Metro 2’s standards; errors like inconsistent reporting dates or incorrect history for a status code (e.g., missing late payments) can be disputed, using these examples as evidence in dispute letters to CRAs to enforce accurate reporting.