What does HIGHER EDUC SVC CORP mean on my credit report?
Learn about HIGHER EDUC SVC CORP, an student debt offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HIGHER EDUC SVC CORP?
HIGHER EDUC SVC CORP is shorthand for Higher Education Servicing Corp, with the company name being Higher Education Servicing Corp Inc
On entering repayment, the client is automatically configured with a standard repayment plan, which sets up a schedule of graduated repayments over a ten year period.
HIGHER EDUC SVC CORP 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 Higher Education Servicing Corp.
- ⚫ Higher Education Servicing Corp 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:
- ⚫ Education
How do I contact them?
Here is the current contact details for Higher Education Servicing Corp:
Address:
- 4381 W Green Oaks Blvd #200, Arlington, TX 76016, United States
Website:
Email:
- [blocked site](mailto://blocked site)
Phone:
Payments
Higher Education Servicing Corporation (HESC) offers a monthly payment plan and options for different repayment options. You can make payments online by signing in to view loan information, making a payment, enrolling in auto debit payments, and accessing your account online. Higher Education Servicing Corporation offers a discount for automatic payments. There are other payment options such as using a check or money order available. You can make a payment using a mobile app by signing in to view loan information and enrolling in auto debit payments. Higher Education Servicing Corporation (HESC) offers payment for student loans through a variety of public benefit services and low-cost private education loans, including wire transfer.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | No |
| 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
Higher Education Servicing Corporation offers loan consolidation and multiple repayment options, including loan forgiveness. To qualify for loan forgiveness, individuals can access their loan information and repayment options through Higher Education Servicing Corporation’s website. They can also apply for a deferment, forbearance, or forgiveness program, or explore different repayment options using the Repayment Calculator and Federal Loan Forms. Additionally, individuals can build financial confidence by utilizing the free financial tools and resources offered.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | Yes |
| Do they offer loan consolidation? | Yes |
How to Apply
Higher Education Servicing Corporation offers loans that can be applied for online. A cosigner can be used when applying for the loan. There are repayment options and a repayment calculator available on the website.
| 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.
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 HIGHER EDUC SVC CORP 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.