A data furnisher is an entity that reports information about consumers to consumer reporting agencies (CRAs), which may include credit bureaus, tenant screening companies, check verification services, medical information services, etc.
What is included in the data furnisher certification program?
The program includes ten training modules that lay out the key provisions of the FCRA law, as well as clear explanations of what the law means, followed by a comprehensive assessment exam. Taking the data furnisher certification exam will empower you with the knowledge you need to become FCRA compliant!
How can Data furnishers stay informed about the FCRA/Facta?
To help data furnishers stay informed about the FCRA/FACTA and its requirements, CDIA has developed an online, interactive, and self-paced FCRA/FACTA certificate program.
What information do furnishers have to provide to credit reporting agencies?
In general, under the Fair Credit Reporting Act, furnishers who furnish information about consumers to consumer reporting agencies must: Provide complete and accurate information to the credit reporting agencies Investigate consumer disputes received from credit reporting agencies
What is the FCRA certificate program for Data furnishers?
2.3: WHAT IS NOT A CONSUMER REPORT? The FCRA Certificate Program for Data Furnishers is a synched audio-visual course (you will need headphones or speakers in order to take this training). On average the course takes 4-8 hours to complete the 10 training modules and final exam, depending on your familiarity with the FCRA.
Credit Compliance Software Features to help scale your credit compliant business
Provides data from all 3 credit reporting agencies into one letter, clearly showing the credit reporting agencies violations to Federal compliance Laws.
The Perfect Outsourcing Software
The data furnishers are furnishing inaccurate, inconsistent, and unverifiable Data to each Credit Reporting Agency.
Best pricing in the Industry
We do not mail any letters or have any communication with your clients. Simply send us their username and password for Smart Credit, Identity IQ or MyScoreIQ and we will send you back the letters for your records and mailing.
Why do we need to furnish customer data to Equifax?
By furnishing your customer account data to Equifax for inclusion in our industry-leading credit file, your data can create big benefits to your business, your customers and other credit-grantors.
What is the Equifax automated data view tool?
As a contributor, you gain access to the Equifax Automated Data View tool, which allows you to spot-check your customer account data in real-time, as it appears in our credit file.
FCRA Certificate Program for Data Furnishers
The Fair Credit Reporting Act (FCRA) imposes many important duties and responsibilities on all companies and individuals who furnish information to consumer reporting agencies (CRAs). It is important that you understand the basic concepts and provisions of the FCRA and its related rules.
THIS PROGRAM HELPS YOU
Understand the basic concepts and provisions of the FCRA and how they affect your job.
