Ch 4 Base Segment Field 22

The video examines Base Segment Field #22, "Amount Past Due," from Chapter 4 of the Metro 2 Credit Reporting Resource Guide, aiding readers in using Metro 2 to accurately read credit reports, identify errors, and draft dispute letters to consumer reporting agencies (CRAs). This field reports the total amount 30 days or more past due, in whole dollars, including late charges and fees if applicable, but excluding the current amount due. For a "current" account status, it should be zero-filled.

You can check reports for errors—e.g., a non-zero amount despite a current status or inclusion of current dues—and use such inconsistencies with Metro 2’s rules as grounds for dispute letters, ensuring CRAs correct inaccuracies based on the standard.