35 Best Students Loan Debt Collectors And Their Contacts

What happens if your student loan arrears? The answer is not accessible if you’ve ever wondered what happens when you are behind on your student loan. That’s why you need any of the following Best Students Loan Debt Collectors and their Contacts.

College graduates have debts ranging from hundreds to thousands of dollars in student loans.

While ignoring your student loan payments is not good, under certain circumstances, you may not pay on time, or there may be a total lack of costs.

In this article, we equip you with everything you need to know about Best Students Loan Collectors and their Contacts.

Table of Contents

What Happens if You Don’t Pay Student Loans?

If you miss a payment for your federal student loan, you have 270 days to make a payment before your debt arrears. Once the federal student debt is in arrears, the government can garnish your wages, social security checks, federal tax refund, and even disability benefits.

This will most likely lead to a severe situation called student loan cancellation.

And if your student loan defaults, your student loan service provider will transfer your loan to a third-party debt collection agency. And that can be strange to many borrowers.

Here’s what you need to know about dealing with student loan debt collection agencies, including the complete list of all debt collection agencies that work on behalf of the Department of Education so you can be sure you won’t be cheated.

Impact of the default on your student loan debt

  • Low creditworthiness after reporting a bad payment history. Higher interest rates if you have to take out other loans for your new low credit rating.
  • Fees from the collection agency
  • Possible garnishment of wages
  • Legal action – if your student loan company or government sues you

If you are in arrears with your student loans, you must communicate with the collection agency assigned to your debt. You have several options, including student loan rehabilitation, drawing up a repayment schedule with them, or possibly even paying the debt.

Once your loans have been transferred to a student loan collection agency, you must use a new portal to access your loans.

Remember, these companies are third-party debt collection agencies, and some laws restrict what they can and cannot do.

Don’t get into trouble with student loan collectors. Click here to know: What Happens If You Don’t Pay Student Loans? 10 Shocking Options

Is there any Law Protecting Me in Debt Collection?

The Fair Debt Collection Practices Act (FDCPA) is a federal law that limits the ability of debt collection agencies to collect certain types of debt.

The federal law on fair credit reporting regulates how debt collection is shown in credit reports. There are also state laws that provide protection.

These companies are NOT allowed to:

  • Contact you before 8 a.m. or after 9 p.m. Even if a debt collection agency knows you may not receive communications from the debt collection agency at work, the debt collection agency may not contact you there.
  • The debt collector must not bother you or anyone else about the debt.
  • If you ask the collection agency to stop contacting you in writing, they will no longer need to contact you unless they take legal measures against you, such as: Filing a lawsuit (in which case you will need to consult a student loan lawyer as soon as possible).
  • If a debt collector contacts you about your student loan debt, they must provide you with the following information about your debt:
  • The name of the creditor (this is your student loan provider and should appear familiar to you)
  • The amount owed (remember that this amount may be much higher than your original debt due to accrued interest and late payment fees).
  • That you can meet the debts
  • That you can request the name of the original creditor if it differs from the current one

How Do I Find My Student Loan Debt Collector?

After taking your student loan and putting it to good use, you would want to repay it as stated in your agreement. The challenge often becomes finding the right collection agency assigned to your default loan.

According to Student Aid, to determine the collection agency assigned to your defaulted loan, contact the current holder (the lender with which you have an account and owe a debt).

The U.S. Department of Education contracts with several collection agencies to collect on defaulted loans.

Student Loan Debt Collection Agencies

There are over 30 student loan collection agencies, many with names you won’t be familiar with. If one of them reaches you, take it seriously.

Below is a list of the Best Students Loan Debt Collectors and their Contacts and their contact information if you need to contact them.

These companies change occasionally, and we strive to keep this information current.

  • Account Control Technology, Inc
  • Action Financial Services LLC.
  • American Student Assistance Corp
  • Bass & Associates
  • Central Research, Inc.
  • Coast Professional, Inc.
  • Collection Technology, Inc.
  • Collecto, Inc. dba Collection Company of America
  • Con Serve
  • Credit Adjustments
  • Debt Management and Collections System
  • Delta Management Associates, Inc.
  • ECSI Federal Perkins Servicer
  • Educational Credit Management CORP
  • Enterprise Recovery Systems, Inc.
  • Financial Asset Management Systems, Inc.
  • Florida Department of Education OSFA
  • FMS Investment Corp
  • GC Services
  • General Revenue Services (USA Funds)
  • Immediate Credit Recovery Inc.
  • Michigan Guaranty Agency
  • National Recoveries
  • National Credit Services
  • New York Higher Education Loan Program (NYHELP)
  • Pennsylvania Higher Education Assistance Agency
  • Pioneer Credit Recovery, Inc.
  • Premiere Credit of North America, LLC
  • Progressive Financial
  • The CBE Group, Inc.
  • U.S. Department of Treasury Debt Management Services
  • Van Ru Credit Corporation
  • West Asset Management, Inc.
  • Windham Professionals, Inc.

#1. Account Control Technology, Inc

P.O. Box 8012

Canoga Park, CA 91309

(888) 830-7770

www.accountcontrol.com

#2. Action Financial Services LLC.

2055 Cardinal Ave

Medford, Oregon 97504

888-253-4239

#3. American Student Assistance Corp

33 Arch Street, Suite 2100

Boston, MA 02110

#4. Bass & Associates

Student Loan Department

P.O. Box 66080

Tucson, AZ 85728

(855) 533-1107

#5. Central Research, Inc.

122 N. Bloomington, Suite I

Lowell, AR 72745

(479) 419-5456

www.central-research.com

#6. Coast Professional, Inc.

P.O. Box 2876

West Monroe, LA 71294

(888) 815-2843

#7. Collection Technology, Inc.

P.O. Box 2300

Rancho Cucamonga, CA 91729

(800) 743-4284

www.collectiontechnology.com

#8. Collecto, Inc. dba Collection Company of America

PO Box 329

Norwell, MA 02061

(877) 395-5997

www.eos-cca.com

#9. Con Serve

200 CrossKeys Office Park

Fairport, NY 14450

(800) 724-7500

www.conserve-arm.com/

#10. Credit Adjustments

330 Florence St.

Defiance, OH 43512

(800) 544-6359

www.credit-adjustments.com

$11. Debt Management and Collections System

U.S. Department of Education

PO Box 5609

Greenville, TX 75403-5609

https://myeddebt.ed.gov/

12. National Payment Center

PO Box 105028

Atlanta, GA 30348-5028

(800) 621-3115

www.myeddebt.ed.gov/

#13. Delta Management Associates, Inc.

P.O. Box 9242

Chelsea, MA 02150-9242

(855) 282-5983

www.deltamanagementassociates.com/

#14. ECSI Federal Perkins Servicer

100 Global View Drive Suite 800

Warrendale, PA 15086

(888) 549-3274

www.ecsi.net/

#15. Educational Credit Management CORP

PO Box 16408

St. Paul, MN 55116-0408

(855) 810-4922

www.ecmc.org/

#16. Enterprise Recovery Systems, Inc. now Alltran Education Inc.

840 S Frontage Rd

Woodridge, IL 60517-4900

http://alltran.com/

#17. Financial Asset Management Systems, Inc.

1967 Lakeside Pkwy #400, Tucker,

GA 30084, United States

(800) 399-4639

www.famspayonline.net/

#18. Florida Department of Education OSFA

Local Metro Area

Tallahassee, Fl

850-410-5200

www.floridastudentfinancialaid.org

#19. FMS Investment Corp

1701 Golf Rd 2 – 150, Rolling Meadows,

IL 60008, United States

#20. GC Services

6330 Gulfton

Houston, TX 77081

(800) 756-6524

#21. General Revenue Services (USA Funds)

4660 Duke Drive

Suite 300

Mason, OH 45040-8466

Phone: (800) 234-1472

www.generalrevenue.com

#22. Immediate Credit Recovery Inc.

6 Neptune Road

Suite 110

Poughkeepsie, New York 12601

(800) 234-4271, (855) 889-3111

www.icrcollect.com

#23. Michigan Guaranty Agency

P.O Box 30462

Lansing, MI 48909-7962

888-643-7521

www.michigan.gov

#24. National Recoveries

P.O. BOX 120666

ST. PAUL, MN 55112

877-221-9729

#25. National Credit Services

PO Box 580

Bothell, WA 98041-0580

(800) 324-7564

www.ncscollect.com

#26. New York Higher Education Loan Program (NYHELP)

​​99 Washington Avenue

Albany, New York 12255

(800) 888-0741

www.hesc.ny.gov

#27. Pennsylvania Higher Education Assistance Agency

Pennsylvania State Grant Program

P.O. Box 8157

Harrisburg, PA 17105-8157

(800) 692-7392

www.pheaa.org

#28. Pioneer Credit Recovery, Inc.

26 Edward St.

Arcade, NY 14009

(585) 492-1234

#29. Premiere Credit of North America, LLC

PO Box 19309

Indianapolis, IN 46219

866-808-7118

www.premierecredit.com

#30. Progressive Financial

424 NE 2nd Street

Oklahoma City, OK 73104 NMLS ID #214427

https://progleasing.com/

#31. The CBE Group, Inc.

PO Box 900

Waterloo, IA  50704

http://www.cbegroup.com/

#32. U.S. Department of Treasury Debt Management Services

Treasury Building 1500 Pennsylvania Avenue,

NW Washington, D.C., U.S

(855) 837-2985

www.fiscal.treasury.gov

#33. Van Ru Credit Corporation

P.O. Box 2751

Des Plaines, Illinois 60017

(800) 468-2678

www.vanru.com

#34. West Asset Management, Inc.

171 Mercy Rd., Omaha, NE 68106

(402) 391-5285

(800) 397-7243

www.debtcollectionanswers.com

35. Windham Professionals, Inc.

380 Main Street

Salem, NH 03079

(800) 969-0059

www.windhampros.com

Want to know more about Student Loans? Click the link to explore the: Pros and Cons of Student Loans in 2023

How do I fight a student loan collection agency?

Once your student loans are sent to a collection agency, there are five steps you can take to get back on track.

  • Dispute the debt. First, make sure that the information from the collection agency is correct.
  • Pay off your debts.
  • Pay the amount owed.
  • Merge or rehabilitate your loans.
  • Declare bankruptcy.

How to Avoid Student Loan Default

Of course, the easiest way to avoid dealing with these companies is to prevent student loan default altogether. Make sure you understand what type of loan you have and commit to making your payments on time.

Also, look for debt relief options such as refinancing, deferment or forbearance, and even student loan forgiveness.

Student loan forgiveness is not a quick fix, and you’ll still have to pay on your student loans, but it’s wise to see if you qualify if you hold federal student loans.

Students Loan Debt Collectors – FAQs

Can student loan debt be forgiven?

Student loans don’t go away until you’ve paid them off. The timeframe may vary for private loans depending on the terms and conditions of the loan.

What happens if you never pay collections?

Once you default, the entire balance of your loan comes due. But just because you default, it doesn’t mean your debt automatically goes to a collections agency.
You can only dispute the student loans on your credit report if they are being misreported.

Will student loans affect my credit score?

However, there’s a bright side. If you’re paying your loans on time each month, that looks good on your credit report. It’s not a bad thing that your student loans are on your credit report.

How long does it take to pay off student loans?

Normally, a defaulted debt will fall off a report after 7.5 years from the date of the first missed payment. A defaulted federal student loan older than 7 years may not appear on a credit report. However, because no Statute of Limitations exists, collections can and will continue.

Conclusion

You must be sure you can pay off your student loans quickly. To achieve this, you must know the various trusted Students Loan Debt Collectors and their Contacts and take advantage of their services.

References

Editor’s Recommendation

You May Also Like