Account Terms

    Portfolio Type: Definition

    A code indicating the general category of credit account.

    Definition

    Portfolio Type is a single-character code that indicates the general category of credit account. The main types are Installment (I), Revolving (R), Mortgage (M), Line of Credit (C), and Open (O). This classification affects how the account is evaluated in credit scoring.

    Examples

    • I = Installment
    • R = Revolving
    • M = Mortgage
    • C = Line of Credit

    Usage Notes

    • Must match Account Type appropriately
    • Should not change during account life
    • Affects credit mix calculation in scoring

    Related Metro 2 Fields

    14
    Portfolio Type
    Position 83-83

    All portfolio types

    One character that declares how an account behaves, and that every other Base Segment field has to agree with. Every code has its own reference page covering when to report it and the cross-field rules it has to satisfy.

    CLine of CreditIInstallmentMMortgageOOpenRRevolving

    All Metro 2 code sets on one page

    Related Terms

    Account TypeTerms DurationTerms Frequency

    More Account 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.

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    Portfolio Type - Metro 2 Glossary