Ch 4 K4 Segment Fields 1 - 6

The video summarizes the K4 Segment Fields #1 through #6 from Chapter 4 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). The K4 Segment, focused on specialized payment schedules, includes six fields: #1 (segment identifier, "K4"), #2 (specialized payment indicator, specifying balloon or deferred), #3 (deferred payment start date, if applicable), #4 (balloon payment due date), #5 (balloon payment amount), and #6 (reserved).

These fields track unique payment terms; errors such as a missing deferred start date, incorrect balloon amount, or failure to indicate the payment type can be flagged as inconsistencies with Metro 2’s standard. Such discrepancies provide grounds for dispute letters to CRAs, leveraging the format’s requirements to ensure accurate reporting.