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 [...]

Employers may use consumer reports when they hire new employees and when they evaluate employees for promotion, reassignment, and retention provided they comply with the Fair Credit Reporting Act (sections 604, 606, and 615).  A consumer report is any report that contains information about a person’s personal and credit characteristics, character, general reputation, and lifestyle.  [...]

Many people just starting out have no credit history and may find it tough to get a loan or credit card, but establishing a credit history is not as difficult as it seems.  Usually local stores are more willing to extend credit to someone with no credit history - so apply for a credit card [...]

The Fair Credit Reporting Act (most often referred to as the FCRA) is a federal law designed to make sure that the information that is kept by Credit Reporting Agencies (CRA) about you is accurate and that it is only released to those who have a legitimate interest in needing this information.
Under the FCRA, a CRA [...]

Never lend it to anyone. 
Never sign a blank charge slip. Draw lines through blank spaces on charge slips above the total so that the amount can’t be changed.
Never put your account number on the outside of an envelope or on a postcard.
Always be cautious about disclosing your account number on the telephone unless you [...]

An article in today’s Washington Post, "Running on Empty," talks about the rising tide of national auto loan delinquencies.
According to the article, the percentage of car loans that are 30 days or more late for the 4th quarter in 2007, 3.1%, is the highest level in 17 years…and the trend line is accelerating. Why are [...]

In his article "Student Loan Market Faces Scarce Times" Andy Miofsky discusses the anticipated reduction in the number of lenders that will continue to provide guaranteed student loans.
On the heels of this news comes a report in the Washington Post that Sallie Mae, the largest student loan provider in the country, will begin charging an application [...]

Consumers Beware!  Most credit repair companies require you to pay money upfront and/or on monthly basis to "help" you fix your credit report.   Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they promised.  If you have paid money to a credit repair organization [...]

Many companies and individuals claim they can clean your credit.  When I see these advertisements - my skin crawls!  If you see one of these offers, do yourself a favor (and save yourself some money) - don’t believe the statement.  If you have had a repo, foreclosure, bankruptcy or been behind on your bills in [...]

In a recent article entitled "medFICO:  A Killer Credit Score"  Wendell Sherk discusses the risks inherent in a healthcare system that could base its decisions on when to treat and who to treat on a proposed  FICO medical score.
CreditCards.com reports that since the initial announcement by Fair Isaac Company of its plans to develop a system for assigning [...]