Ch 4 Base Segment Field 11

The video covers Base Segment Field #11, "Credit Limit," 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 ties to the portfolio type (Field #8): line of credit and revolving accounts report the assigned credit limit (with the last limit retained for closed accounts), while installment and mortgage accounts use a zero fill, and open portfolios report the limit if applicable or zero otherwise.

The video highlights a key issue: if all bureaus use the same Metro 2 standard, inconsistent credit limits across reports raise questions about accuracy. You can use such discrepancies—e.g., a revolving account showing different limits or an installment account not zeroed—to spot errors and challenge them in dispute letters, citing Metro 2’s clear rules.