What does AM STD ASST mean on my credit report?

Is AM STD ASST making an impact on your credit score?

Updated January 1, 2023
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What is AM STD ASST?

AM STD ASST is shorthand for Educational Credit Management Corporation, with the company name being Educational Credit Management Corporation

We think that students deserve access to career-oriented education beginning in middle school, so they can develop a plan for their future. The ASA meets its mission by providing digital first resources directly to students and supporting teachers and intermediaries. Net assets total more than $800 million, with the ASA issuing social bond securities according to the framework outlined above.

AM STD ASST 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 Educational Credit Management Corporation.
  • ⚫ Educational Credit Management Corporation 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 Educational Credit Management Corporation:

Address:

  • 33 Arch Street, Suite 2100
    Boston, MA 02110

Website:

Email:

Phone:

Payments

There are several ways to make payments - online, over the phone, or using a mobile app. Some companies offer a discount for automatic payments. You can also make payments using a check or money order. There may be penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? No
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

loan forgiveness is not offered. they do not offer loan consolidation. To learn more about loan forgiveness, refer to the website of the loan issuer or contact a loan officer.

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

How to Apply

All types of loans can be applied for online, over the phone, or in person. Some loans may require a cosigner.

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.

AM STD ASST 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 AM STD ASST 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.