Information Furnishers

Information furnishers are entities, such as lenders, credit card companies, and other organizations, that provide data about your credit behavior to credit reporting agencies. This information typically includes your payment history, account balances, and credit usage. Credit bureaus then use this data to create your credit report, which lenders rely on to assess your creditworthiness when you apply for loans or credit. Essentially, information furnishers play a crucial role in the credit system by helping to build your financial profile, influencing your ability to borrow money or secure favorable interest rates.