What does ACS/MEFA mean on my credit report?

Is ACS/MEFA making an impact credit score?

Updated May 1, 2022

What is ACS/MEFA?

ACS/MEFA is shorthand for Massachusetts Educational Financing Authority, with the company name being Massachusetts Educational Financing Authority

All of our work matches with our ever-present goal to provide support to the independence, growth and success of students and their families. A tradition of service The Massachusetts State Legislature founded MEFA in 1982 at the invitation of higher education institutions throughout the commonwealth.

ACS/MEFA is a Student Loan Debt. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.
  • ⚫ You opened an account with Massachusetts Educational Financing Authority.
  • ⚫ Massachusetts Educational Financing Authority bought your debt and are now trying to collect on it.
  • ⚫ You opened a credit card / loan / mortgage with this company.
  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Education

More account infomation

  • ⚫ The average high credit balance is $26700.

  • ⚫ The typical loan duration is 240 months.

How do I contact them?

Here is the current contact details for Massachusetts Educational Financing Authority:


  • MEFA
    60 State Street
    Suite 900
    Boston, MA 02109




  • (800) 233-0557

IdentityIQ Report Example

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

ACS/MEFA 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 ACS/MEFA 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.

What is Student Loan Debt?

Student Loan Debt is taken on fund your your education, the amount taken on debt wise is usually high with long repayment times. Due to the fact that the repayment times are so long, it increases the chance of administrative errors being made: These will permanently be reflected on your credit report. If you believe that you have been affected by any administrative errors then you should take action to fix the issues.