Field K1-4OptionalAccount Information

    Metro 2 Field K1-4: K1 Creditor Classification

    A code categorizing the original creditor's industry (for example retail, financial, medical). Helps bureaus and consumers understand the nature of the original debt.

    Quick Reference

    Field Number:K1-4
    Position:33-34
    Length:2 characters
    Type:code
    Record:K1 Segment
    Required:No

    Allowed Values

    ValueMeaning
    01Retail
    02Medical/health care
    03Oil/national credit card
    04Government
    05Personal services
    06Insurance
    07Educational
    08Banking
    09Rental/leasing
    10Utilities
    11Cable/cellular
    12Financial
    13Credit union
    14Automotive
    15Check guarantee

    Validation Rules

    • Must be a valid classification code (see error k1-creditor-classification)

    Examples

    0212

    Common Errors

    • Invalid or guessed classification code

    Tips & Best Practices

    • Medical debt commonly uses 02 — classify accurately for transparency

    Related Fields

    K1-3
    K1 Original Creditor Name
    The name of the original creditor for an account that has be...

    Other Account Information

    17AAccount Status27Terms Duration28Terms Frequency15Account Type14Portfolio Type10ECOA Code

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    K1 Creditor Classification - Metro 2 Field K1-4