What does ASPIREISL mean on my credit report?

Is ASPIREISL making an impact on your credit score?

Updated January 1, 2023
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What is ASPIREISL?

ASPIREISL is shorthand for Aspire Servicing Center, with the company name being Aspire Servicing Center

Aspire was originally established to carry out tasks that are not specified in our Parent Company' s initial designations; the year in review offers additional information about Our Parent Company, Its Programs and Educational Resources

ASPIREISL is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Aspire Servicing Center.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Aspire Servicing Center:

Address:

  • p.O. Box 659705
    West Des Moines, IA 50265-0970

Website:

Email:

Phone:

Payments

You can make a payment by logging into an account and selecting the ‘Make a Payment’ option. Aspire Servicing Center offers a monthly payment plan as well as other repayment plans such as income-based repayment, economic hardship deferment, general forbearance, in-school deferment, auto-debit, and unemployment deferment. You cannot get a payment refund, but you can change your repayment plan, make a payment, temporarily delay a payment, or take advantage of special programs like those for teachers, nurses, and service members. Payments can be made over the phone, online, using a mobile app, or using a check or money order. There are penalties for late or missed payments, including late fees and possible negative credit reporting.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Aspire Servicing Center offers loan forgiveness programs such as Student Loan Debt Relief Plan, Public Service Loan Forgiveness, and Income-Driven Repayment Plan payment adjustment. There are several federal loan forgiveness and repayment programs available, such as the Student Loan Debt Relief Plan, the Public Service Loan Forgiveness Program, and the Income-Driven Repayment Plan. Additionally, certain service members and professionals, such as teachers and nurses, may qualify for special programs.

Question Answer
Do they offer loan forgiveness? Yes
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, through a mobile app, or with a cosigner. Aspire Servicing Center provides free assistance for repayment plans and other loan services. The U.S. Department of Education offers several forgiveness programs for federally held federal student loans, including one-time forgiveness of $10,000 or $20,000 in federally held loan debt, Public Service Loan Forgiveness, and Income-Driven Repayment Plan payment adjustment.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

ASPIREISL IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove ASPIREISL from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.