What does ASCENDIUM ED SOLUTIONS mean on my credit report?

Is ASCENDIUM ED SOLUTIONS making an impact on your credit score?

Updated January 1, 2023
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What is ASCENDIUM ED SOLUTIONS?

ASCENDIUM ED SOLUTIONS is shorthand for Ascendium Education Group, with the company name being Ascendium Education Group

We are a non-profit organisation, we’re a guarantee company offering an educational and vocational charity. We provide tools and services for secondary school students and postgraduate level employees to realise their potential.

ASCENDIUM ED SOLUTIONS 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 Ascendium Education Group.
  • ⚫ Ascendium Education Group 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 average account balance is $12700.

  • ⚫ The average high credit balance is $9600.

  • ⚫ 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 Ascendium Education Group:

Address:

  • 2501 International Ln, Madison, WI 53704, United States

Website:

Email:

Phone:

Payments

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? No
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

Ascendium does not offer loan forgiveness. Ascendium offers loan consolidation to help people achieve their educational goals. loan forgiveness qualifications depend on the type of loan and the borrower’s individual circumstances. Ascendium works to create opportunities for people to achieve financial stability and a fulfilling career through student loan guarantor, student success and financial wellness solutions provider, national education philanthropy, and education impact investor services.

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

How to Apply

Ascendium offers online loan applications, mobile apps, and cosigners.

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? Yes
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.

ASCENDIUM ED SOLUTIONS 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 ASCENDIUM ED SOLUTIONS 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.