Ch 5 Exhibit 4

The video summarizes Exhibit 4 from Chapter 5 of the Metro 2 Credit Reporting Resource Guide, assisting readers in using Metro 2 to accurately read credit reports, identify errors, and draft dispute letters to consumer reporting agencies (CRAs). Exhibit 4 provides a comprehensive list of account status codes (e.g., "paid or closed," "charge-off") used in Base Segment Field #17A (Chapter 4) to describe an account’s current condition.

This exhibit is a key reference to verify a report’s status; errors like an incorrect code (e.g., "current" instead of "collection") or missing status can be disputed as inconsistencies with Metro 2’s standard, offering a clear basis for dispute letters to CRAs to ensure accurate reporting per the industry format.