What does CERTIFED SVC mean on my credit report?

Is CERTIFED SVC making an impact on your credit score?

Updated January 1, 2023
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What is CERTIFED SVC?

CERTIFED SVC is shorthand for The Brazos Higher Education Service Corporation Inc, with the company name being The Brazos Higher Education Service Corporation Inc Inc

For more than 30 years, Brazos Higher Education and the Brazos-managed groups have been committed to helping educate people through higher education. Brazos Higher Education is based in Waco, Texas, and serves no paymasters; brazos higher education is not affiliated with any schools or universities.

CERTIFED SVC 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 The Brazos Higher Education Service Corporation Inc.
  • ⚫ The Brazos Higher Education Service Corporation Inc 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.

How do I contact them?

Here is the current contact details for The Brazos Higher Education Service Corporation Inc:

Address:

  • Brazos Higher Education, 2600 Washington Avenue, Waco, Texas 76710

Website:

Email:

Phone:

Payments

To make a payment, you may be able to refinance your student loans with Brazos' fixed or variable rates. Fixed rates start at 4.21% APR with 0.25% Auto-Pay discount, while variable rates start at 4.83%. The estimated monthly payments, total interest, and total cost of a $10,000 loan differ depending on the term chosen. You can make payments over the phone by calling 1-800-453-0841 or online. There is also a 0.25% discount for automatic payments. For more information, call 1-800-453-0841.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? Yes
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

The Federal Government offers loan forgiveness programs that borrowers may be eligible for. Additionally, Brazos Student Loan offers fixed rates from 2.84% APR (including 0.25% Auto-Pay Discount). To qualify for loan forgiveness, borrowers may need to take advantage of special programs offered by the Federal Government. Those interested can learn more about these programs and potential eligibility by visiting the official website. Refinancing loans may help many borrowers, however, federal loans have certain benefits that private loans do not have. Rates may vary and it is important to consider all options before making a decision.

Question Answer
Do they offer loan forgiveness? Yes

How to Apply

you can apply for a loan online, over the phone, or in person. Brazos Refinance Loan offers fixed and variable rates from 4.21%-5.19% APR. You can also apply for a loan using a mobile app. Brazos Student Loan Refinance offers fixed and variable rate loans with APR ranging from 4.21%-5.19%. There is also the option to apply for a loan with a cosigner. The interest rate for refinancing loans can range from 4.21%-5.19% APR and borrowers may receive a 0.25% Auto-Pay Discount. Refer a friend and earn $200.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

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 CERTIFED SVC 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.