Ch 4 J1 Segment Fields 1 - 12

The video summarizes the J1 Segment Fields #1 through #12 from Chapter 4 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). The J1 Segment details an additional consumer living at the same address as the Base Segment’s primary consumer, with 12 fields: #1 (segment identifier, "J1"), #2 (reserved), #3 (surname), #4 (first name), #5 (middle name), #6 (generation code), #7 (Social Security number), #8 (date of birth), #9 (telephone number), #10 (Equal Credit Opportunity Act code, e.g., joint, co-signer, or authorized user), #11 (consumer information indicator, e.g., bankruptcy), and #12 (reserved).

These fields ensure proper identification of co-residing consumers; errors like missing fields (e.g., no ECOA code for a joint account) or inaccurate data (e.g., wrong SSN) can be flagged as deviations from Metro 2’s standard. Such inconsistencies provide grounds for dispute letters to CRAs, leveraging the format’s requirements to correct reporting inaccuracies.