What does AES/AES GRANTS SPCL mean on my credit report?
Learn about AES/AES GRANTS SPCL, an student debt offering loans for financial assistance. Check the impact to your credit report and financial status.
What is AES/AES GRANTS SPCL?
AES/AES GRANTS SPCL is shorthand for Pennsylvania Higher Education Assistance Agency, with the company name being Pennsylvania Higher Education Assistance Agency
As of September 2015, PNC is now serviced by Cenveo Corporation at all branch locations nationwide.
AES/AES GRANTS SPCL is a Student Loan Debt provider. They could be on your report for a number of reasons, for example:
- ⚫ You missed a repayment.
- ⚫ You opened an account with Pennsylvania Higher Education Assistance Agency.
- ⚫ Pennsylvania Higher Education Assistance Agency 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:
- ⚫ Collection Agency/Attorney
- ⚫ Education
How do I contact them?
Here is the current contact details for Pennsylvania Higher Education Assistance Agency:
Address:
- American Education Services (AES)
P.O. Box 65093
Baltimore, MD 21264-5093
Website:
Email:
Phone:
Payments
There are many ways to make a payment, including online, over the phone, and using a mobile app. You can also use a check or money order. Automatic payments usually come with a discount. If you’re late on a payment, there may be penalties.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
Loan forgiveness and consolidation are both options offered by the website. Loan forgiveness requires that the borrower make a certain number of payments, and consolidation entails combining multiple loans into one loan.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | No |
How to Apply
It is possible to apply for a loan online, over the phone, or in person. Some lenders also offer the option to apply for a loan using a mobile app. In some cases, it may be possible to apply for a loan with a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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 with a cosigner? | No |
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.
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.
How do I remove AES/AES GRANTS SPCL 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.
