According to the FCRA, how many days do information furnishers usually have to respond to a consumer dispute?

The Fair Credit Reporting Act (FCRA) establishes that information furnishers, such as lenders or other creditors that report information about consumers to credit bureaus, are required to respond to a consumer dispute within 30 days. This period is designed to ensure timely resolution of disputes related to inaccuracies in credit reporting.

Specifically, when a consumer identifies an error on their credit report and files a dispute with a credit reporting agency, the agency must investigate within a specified time frame. If the investigation reveals that the information provided by the furnisher is indeed inaccurate, the company must correct it. Thus, the 30-day period allows for a quick resolution process to favor both the consumer's right to accurate information and the furnisher's obligation to ensure their reporting is correct.