Ch 5 Exhibit 1 - 2

The video summarizes Exhibits 1 and 2 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 1 lists account type codes by industry (e.g., retail, banking), while Exhibit 2 organizes them by the five portfolio types (line of credit, installment, mortgage, open, revolving), a critical field from Chapter 4 (Field #8) that influences other data.

The video notes that account type depends on portfolio type, raising a key issue: if portfolio type isn’t reported, the applicability of the account type becomes unclear. Errors like an account type mismatched with its portfolio (e.g., "agricultural" under revolving instead of installment) or missing portfolio data can be disputed, using these exhibits as evidence in letters to CRAs to enforce Metro 2’s standards.