Ch 4 Base Segment Field 9

The video covers Base Segment Field #9, "Account Type," from Chapter 4 of the Metro 2 Credit Reporting Resource Guide, guiding readers on using Metro 2 to accurately read credit reports, identify errors, and draft dispute letters to consumer reporting agencies (CRAs). Field #9 requires a specific code to classify the account, directing viewers to Exhibit 1 (later in Chapter 4) for a full list organized by industry—e.g., code "00" for automobile—with markers showing applicable industries. Exhibit 2 cross-references these codes with portfolio types (from Field #8), showing, for instance, that code "7B" (agricultural) only applies to installment portfolios, highlighting how portfolio type influences other fields.

Metro 2 isn’t just a technical code system but a data format with plain-English meanings (e.g., "7B" translates to "agricultural"), making it accessible for understanding transactions. For readers, this field helps verify if a report’s account type aligns with Metro 2’s codes and portfolio rules. Errors—like an agricultural loan misclassified under a revolving portfolio—can be flagged as inconsistent with the standard, providing a clear basis for dispute letters to CRAs by citing Metro 2’s own definitions and exhibits.