Fair Credit Reporting Act Terms Defined. What is a "Furnisher"?

28 Apr Fair Credit Reporting Act Terms Defined. What is a "Furnisher"?

Under the Fair Credit Reporting Act (FCRA) a "Furnisher" is a creditor or a third party that provides information about a consumer to a credit reporting agency (CRA).  The FCRA provides standards and guidelines to be followed by furnishers in an attempt to assure the accuracy of the information being provided to the CRA.

The FCRA also requires the furnisher to participate when a consumer disputes information contained in his credit report.  The dispute process, known as a reinvestigation, requires the furnisher to take an active role in responding to a consumer’s complaint.  A furnisher that fails to participate or that fails to conduct a proper investigation can be liable to the consumer.

Related Posts Plugin for WordPress, Blogger...
The following two tabs change content below.
I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

Latest posts by Kevin Gipson, New Orleans Bankruptcy Attorney (see all)

No Comments

Sorry, the comment form is closed at this time.