Segment Terms
K1 Segment: Definition
A segment for reporting original creditor information.
Definition
The K1 Segment is used by debt buyers and collection agencies to report information about the original creditor when the account has been sold or assigned. It includes the original creditor's name, identification, and account information from before the sale.
Usage Notes
- Required for collection accounts with sold debt
- Contains original creditor identification
- Helps consumers identify original account
Related Terms
More Segment 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.
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.
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