K1 Segment ErrorsCritical

    K101K1 Original Creditor Name Missing

    The original creditor name in K1 segment is blank

    Affected Field
    Original Creditor Name

    Description

    The K1 segment is used when reporting for a collection agency or debt buyer to identify the original creditor. The original creditor name is required and must accurately reflect who originally extended the credit.

    Common Causes

    • Original creditor information not in source data
    • Field not mapped for collection accounts
    • Information lost in debt sale

    How to Fix

    1. 1Include original creditor name when reporting as servicer
    2. 2Obtain original creditor info during debt acquisition
    3. 3Use K1 segment for all collection/purchased accounts

    More K1 Segment Errors

    K102
    K1 Invalid Creditor Classification

    Metro 2 code reference

    A rejected value is usually a wrong code rather than a wrong format. Every CRRG code set has a per-code page with its meaning and cross-field rules. Metro 2 codes: the complete cheat sheet puts all of them on one page.

    Account Status CodesPortfolio TypesAccount Type CodesTerms Frequency CodesPayment RatingsPayment History Profile CodesSpecial Comment CodesCompliance Condition CodesECOA CodesConsumer Information IndicatorsCreditor Classification CodesResidence Codes

    Catch Errors Before Submission

    The platform validates every field and catches errors like K101 before you submit to the credit bureaus.

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    K101: K1 Original Creditor Name Missing - Metro 2 Error