What does Aspire Servicing Center (DEPT OF ED/ASPIRE RE) mean on my credit report?

Is DEPT OF ED/ASPIRE RE making an impact credit score?

Updated May 1, 2022

What is DEPT OF ED/ASPIRE RE?

DEPT OF ED/ASPIRE RE is shorthand for Aspire Servicing Center, with the company name being Aspire Servicing Center LLC

Aspire was created to perform functions not pre-programmed in our parent company’s original, previously exempt tax designation. The Aspire Board of Directors is appointed each year by the directors of our parent company. The Year in Review provides more information about our parent company, its programs and education resources. Managers

DEPT OF ED/ASPIRE RE is a Creditor. 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.

About the account

More account infomation

  • ⚫ The average high credit balance is $3400.

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:

Phone:

  • (800) 243-7552

IdentityIQ Report Example

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

DEPT OF ED/ASPIRE RE 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 DEPT OF ED/ASPIRE RE 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.