Base Segment ErrorsWarning

    B018Scheduled Monthly Payment Missing on Installment Account

    An installment or mortgage account has no Scheduled Monthly Payment Amount

    Affected Field
    #29Scheduled Monthly Payment Amount

    Description

    Installment and mortgage accounts have a defined periodic payment, so the Scheduled Monthly Payment Amount should be greater than zero while the account is open and not yet paid. A zero value on an open installment loan typically means the field is unmapped, which weakens the tradeline's usefulness for underwriting.

    Common Causes

    • Payment amount not carried into the reporting extract
    • Open installment loan defaulted to zero payment

    How to Fix

    1. 1Populate the contractual monthly payment for open installment/mortgage loans
    2. 2Report zero only when the account is paid or has no scheduled payment
    3. 3Align with Terms Frequency and Terms Duration

    More Base Segment Errors

    B001
    Missing Account Number
    B002
    Invalid Account Status
    B003
    Status and Payment Rating Mismatch
    B004
    Invalid ECOA Code
    B005
    Missing SSN or Date of Birth
    B006
    Invalid Date Format

    Catch Errors Before Submission

    Metro2 software validates every field and catches errors like B018 before you submit to the credit bureaus.

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    B018: Scheduled Monthly Payment Missing on Installment Account - Metro 2 Error