Metro 2 Credit Reporting Glossary
Comprehensive definitions for 73 Metro 2 credit reporting terms. From account status codes to regulatory requirements, find clear explanations for every concept.
73 Terms
8 Categories
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Account Terms
Terms related to credit accounts, balances, and payment history
Consumer Terms
Terms related to consumer identity, demographics, and relationships
Regulatory Terms
Laws, regulations, and compliance requirements for credit reporting
Technical Terms
Technical specifications, formats, and data requirements
Segment Terms
Metro 2 file segments and record types
Code Terms
Status codes, condition codes, and indicator values
Organizations
Industry organizations, bureaus, and regulatory bodies
Process Terms
Reporting processes, workflows, and procedures
Terms by Category
Account Terms22 terms
Account Status
A code indicating the current condition of an account.
Account Type
A code specifying the type of credit account.
Account Number
The unique identifier assigned to a credit account.
Amount Past Due
The total amount currently overdue on an account.
Current Balance
The total outstanding balance on an account.
Credit Limit
The maximum amount of credit available on a revolving account.
Highest Credit
The highest balance ever recorded on the account.
Original Loan Amount
The initial amount borrowed on an installment account.
Scheduled Monthly Payment Amount
The regular monthly payment due on an account.
Actual Payment Amount
The amount actually paid by the consumer in the reporting period.
Date of Account Information
The date as of which the account information is reported.
Date Opened
The date when the credit account was originally opened.
Date Closed
The date when the credit account was closed.
Date of First Delinquency
The date an account first became delinquent and never recovered.
Date of Last Payment
The date the most recent payment was received.
Payment History Profile
A 24-month history of payment performance.
Payment Rating
A code indicating the current level of delinquency.
Portfolio Type
A code indicating the general category of credit account.
Terms Duration
The original term length of an installment account.
Terms Frequency
How often payments are due on an account.
Charge-Off
A declaration that a debt is unlikely to be collected.
Collection Account
A delinquent account placed with a collection agency.
Consumer Terms9 terms
Primary Consumer
The main individual responsible for a credit account.
Associated Consumer
Any additional individual connected to a credit account.
ECOA Code
A code indicating a consumer's relationship to an account.
Joint Account
An account where two or more consumers share responsibility.
Authorized User
A person permitted to use an account but not liable for the debt.
Social Security Number
The consumer's 9-digit SSN used for identification.
Date of Birth
The consumer's birth date used for identification.
Generation Code
A suffix indicating generational distinction in names.
Consumer Information Indicator
A code providing special status information about a consumer.
Regulatory Terms4 terms
FCRA (Fair Credit Reporting Act)
The federal law governing consumer credit reporting.
FCBA (Fair Credit Billing Act)
A law protecting consumers from unfair credit billing practices.
ECOA (Equal Credit Opportunity Act)
A law prohibiting discrimination in credit decisions.
Regulation V
The CFPB regulation implementing FCRA requirements.
Technical Terms7 terms
Metro 2 Format
The industry standard format for credit reporting data.
CRRG (Credit Reporting Resource Guide)
The official Metro 2 format specification document.
Data Furnisher
An entity that reports consumer credit information to credit bureaus.
Subscriber Code
A unique identifier assigned to data furnishers by credit bureaus.
Fixed-Length Format
A data format where each field has a predetermined size.
Alphanumeric
A field type that accepts both letters and numbers.
Numeric Field
A field type that accepts only numbers.
Segment Terms9 terms
Header Record
The first record in a Metro 2 file containing identification info.
Base Segment
The main segment containing account and primary consumer data.
J1 Segment
A segment for reporting the first associated consumer.
J2 Segment
A segment for reporting the second associated consumer.
K1 Segment
A segment for reporting original creditor information.
K2 Segment
A segment for purchased account information.
L1 Segment
A segment for reporting changes to account numbers.
N1 Segment
A segment for employment information.
Trailer Record
The last record in a Metro 2 file containing control totals.
Code Terms2 terms
Organizations6 terms
CFPB (Consumer Financial Protection Bureau)
The federal agency regulating consumer financial products.
CDIA (Consumer Data Industry Association)
The trade association representing consumer reporting agencies.
CRA (Consumer Reporting Agency)
An organization that collects and sells consumer credit information.
Equifax
One of the three major national credit bureaus.
Experian
One of the three major national credit bureaus.
TransUnion
One of the three major national credit bureaus.
Process Terms14 terms
Dispute
A consumer's challenge to the accuracy of reported information.
ACDV (Automated Consumer Dispute Verification)
The system used by bureaus to process consumer disputes.
e-OSCAR
The industry system for processing credit disputes electronically.
File Submission
The process of sending Metro 2 data to credit bureaus.
Credit Report
A detailed report of a consumer's credit history.
Credit Score
A numerical representation of creditworthiness.
Tradeline
A record of a single credit account on a credit report.
Soft Inquiry
A credit check that doesn't affect credit scores.
Hard Inquiry
A credit check that may affect credit scores.
Original Creditor
The company that originally extended credit before a debt was sold.
Debt Buyer
A company that purchases delinquent debts from original creditors.
Bankruptcy
A legal proceeding for debt relief that affects credit reporting.
Foreclosure
The legal process of a lender taking possession of a property.
Repossession
The act of a lender reclaiming property used as collateral.
All Terms A-Z
A
Account Status
A code indicating the current condition of an account.
Account Type
A code specifying the type of credit account.
Account Number
The unique identifier assigned to a credit account.
Amount Past Due
The total amount currently overdue on an account.
Actual Payment Amount
The amount actually paid by the consumer in the reporting period.
Associated Consumer
Any additional individual connected to a credit account.
Authorized User
A person permitted to use an account but not liable for the debt.
Alphanumeric
A field type that accepts both letters and numbers.
ACDV (Automated Consumer Dispute Verification)
The system used by bureaus to process consumer disputes.
B
C
Current Balance
The total outstanding balance on an account.
Credit Limit
The maximum amount of credit available on a revolving account.
Charge-Off
A declaration that a debt is unlikely to be collected.
Collection Account
A delinquent account placed with a collection agency.
Consumer Information Indicator
A code providing special status information about a consumer.
CFPB (Consumer Financial Protection Bureau)
The federal agency regulating consumer financial products.
CDIA (Consumer Data Industry Association)
The trade association representing consumer reporting agencies.
CRA (Consumer Reporting Agency)
An organization that collects and sells consumer credit information.
CRRG (Credit Reporting Resource Guide)
The official Metro 2 format specification document.
Compliance Condition Code
A code indicating legal compliance conditions on an account.
Credit Report
A detailed report of a consumer's credit history.
Credit Score
A numerical representation of creditworthiness.
D
Date of Account Information
The date as of which the account information is reported.
Date Opened
The date when the credit account was originally opened.
Date Closed
The date when the credit account was closed.
Date of First Delinquency
The date an account first became delinquent and never recovered.
Date of Last Payment
The date the most recent payment was received.
Date of Birth
The consumer's birth date used for identification.
Data Furnisher
An entity that reports consumer credit information to credit bureaus.
Dispute
A consumer's challenge to the accuracy of reported information.
Debt Buyer
A company that purchases delinquent debts from original creditors.
E
ECOA Code
A code indicating a consumer's relationship to an account.
ECOA (Equal Credit Opportunity Act)
A law prohibiting discrimination in credit decisions.
Equifax
One of the three major national credit bureaus.
Experian
One of the three major national credit bureaus.
e-OSCAR
The industry system for processing credit disputes electronically.
F
FCRA (Fair Credit Reporting Act)
The federal law governing consumer credit reporting.
FCBA (Fair Credit Billing Act)
A law protecting consumers from unfair credit billing practices.
Fixed-Length Format
A data format where each field has a predetermined size.
File Submission
The process of sending Metro 2 data to credit bureaus.
Foreclosure
The legal process of a lender taking possession of a property.
H
J
K
N
O
P
R
S
Scheduled Monthly Payment Amount
The regular monthly payment due on an account.
Social Security Number
The consumer's 9-digit SSN used for identification.
Subscriber Code
A unique identifier assigned to data furnishers by credit bureaus.
Special Comment Code
A code providing additional account status information.
Soft Inquiry
A credit check that doesn't affect credit scores.
T
Terms Duration
The original term length of an installment account.
Terms Frequency
How often payments are due on an account.
TransUnion
One of the three major national credit bureaus.
Trailer Record
The last record in a Metro 2 file containing control totals.
Tradeline
A record of a single credit account on a credit report.
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