What does ILL STDNT AS mean on my credit report?
Learn about ILL STDNT AS, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ILL STDNT AS?
ILL STDNT AS is shorthand for Illinois Student Assistance Commission, with the company name being Illinois Student Assistance Commission Inc
ILL STDNT AS is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Illinois Student Assistance Commission.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average high credit balance is $44200.
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⚫ The typical loan duration is 2 months.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Education
How do I contact them?
Here is the current contact details for Illinois Student Assistance Commission:
Website:
Payments
To make a payment, many businesses and organizations have online payment portals that allow you to make payments with a credit card, debit card, or other payment options. You can also use online services such as PayPal or Stripe to make payments. Payment requests should be submitted by the institution to ISAC and must be made by check.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | No |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
they do not offer loan forgiveness or consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
To apply for a loan, you can either do it online or in person. There are many lenders that offer online applications, which is a quick and easy way to submit your loan request. You cannot apply for a loan over the phone or through a mobile app. If you’re having trouble getting approved for a loan, you can try applying with a cosigner. A cosigner is somebody who takes full responsibility for the loan if you can’t repay it. They must have a good credit score and income, and in some cases, may need to apply with you.
| 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? | No |
| 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.
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 ILL STDNT AS 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.