I have heard that Credit Bureaus are supposed to verify/validate a disputed debt with the original creditor, not just the collection agency who reported the debt to them; but I can not find a clear definition of “furnisher” in the Act.
The Furnisher is the business that provides credit data about you to the credit reporting agency.
If the debt collector reported the data, they have to verify it. If the credit grantor reported about you, it would be their obligation to respond to your written dispute. Go to Hwh-law.com and click on the credit reporting tab for more details on how to dispute a trade line on your credit report. Feel free to give us a call.
Credit repair means to take actions that improve your credit history after it is negatively affected by an event such as bankruptcy.
There are different types of debt, but all involve one person (the debtor) owing money to another (the creditor). Terms of repayment are governed by a contract.
Written by attorney David Slepkow
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