What does CES/CLCTRUST mean on my credit report?

Is CES/CLCTRUST making an impact on your credit score?

Updated January 1, 2023
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What is CES/CLCTRUST?

CES/CLCTRUST is shorthand for College Loan Corporation, with the company name being College Loan Corporation Inc

CES/CLCTRUST is a Loan Provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with College Loan Corporation.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average high credit balance is $2700.

  • ⚫ The typical loan duration is 120 months.

The account is classified under the following METRO2 categories:

  • ⚫ Education

How do I contact them?

Here is the current contact details for College Loan Corporation:

Address:

  • College Loan Corporation, 350 S. Rampart Blvd., Suite 200, Las Vegas, Nevada 89145

Website:

Email:

Phone:

Payments

CLC offers multiple brands to help individuals plan and pay for college, such as ScholarshipPoints, PrivateStudentLoans, Edvisors, and RewardFish. You can make payments online or over the phone, and there may be penalties for late or missed payments. It is recommended that you speak to your lender to understand the terms and conditions of the loan.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Can I make a payment using a mobile app? Yes
Can I make a payment using a wire transfer? Yes

How to Apply

You can apply for a loan online, over the phone, or in person through CLC’s Edvisors Network Inc. which houses several brands offering in-school and refinancing loan solutions. You may also apply for a loan using a mobile app through CLC’s subsidiary Edvisors Network Inc. which houses several brands such as ScholarshipPoints, PrivateStudentLoans, Edvisors and RewardFish. CLC has helped over 900,000 students and families pay for college.

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

IdentityIQ Report Example

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

CES/CLCTRUST 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 a Loan Provider?

A loan provider is a bank or financial organization that can provide loans. In order to apply for a loan they will run a hard inquiry on your credit account which will negatively impact your credit report. They may make mistakes in their reporting, so if it says that you have missed a payment and you haven’t then if you take the correct action you will be able to remove the late repayment from your credit profile.

How do I remove CES/CLCTRUST 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.