FedLoan Servicing is a company which deals with student loans on behalf of the Department of Education.

If you’re reading this, then you’ve probably been recently contacted by FedLoan about a loan repayment, or perhaps noticed their name on your credit report. So you’re probably here for one particular reason: To find out how to remove FedLoan collections from your credit report.

How to Deal with FedLoan on the Phone

If they’ve called you, the first thing you should do is let them know that you’re aware of your rights under the Fair Debt Collection Practices Act. This means that they know they can’t do things like calling you at inappropriate times, calling you at work, or otherwise harassing you.

The very next thing you should do is say that you wish to continue the conversation in writing and hang up. You haven’t tried to avoid repaying your debt, you’ve merely requested a different contact medium – which is perfectly fine, so they have to comply.

FedLoan uses the fact that people don’t know their rights to bully them into agreeing to repayments, but they don’t like to do that when there’s proof. This is why they’ve called you instead of mailing you.

This is why you need to switch the dialogue to email (or snail mail if you’d prefer that).

Request a Debt Validation

The first thing you should do is request that they send you a debt validation report to prove the debt is actually yours. Ideally, you’d do this the moment you got off the phone from them – you only have 30 days from the first time they contacted you to do this.

If you’re having trouble figuring out how to word it, then feel free to use my debt validation letter template to get an idea of what to say.

Perhaps you’ll get lucky and they won’t be able to provide the proof you requested, and they’ll have to remove the negative entry from your credit report.

If you’re not lucky and they’re still after your money, you could offer to pay the debt off and in exchange request that they remove the negative entries (late payments or collections) from your credit report. It doesn’t have to be the full amount – I’d recommend haggling for it, and starting at roughly 50%.

Get a Professional

If you’ve tried all of this to no avail, then you might consider hiring a professional who knows how to remove FedLoan collections from your credit report.

If you decide to go this route, I suggest you check out Lexington Law Credit Repair. They’ll take care of you, and honestly they usually get stuff removed a lot quicker. Give them a call at 1-844-764-9809 or Check out their website.

The post How to Remove FedLoan Collections From Your Credit Report appeared first on Better Credit Blog | Credit Help For Bad Credit.

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Nelnet – or the National Education Loan Network – is a Nebraska-based student loan company which services roughly 20% of all student loan payments funded through the Department of Education.

But you’re not here to find out random facts about them. You’re here to find out how to remove Nelnet collections or late payments from your credit report.

How to Deal with Nelnet on the Phone

The first thing they’ll do is call you. This is because phone calls aren’t often recorded so there’s usually no proof if they use unethical tactics to make you repay your student loan debt.

So the first thing you should do is tell them that you’re aware of your rights under the Fair Debt Collection Practices Act so they don’t call you at work or wildly inappropriate times (such as the middle of the night). Essentially, the Act says they’re not allowed to harass you so it benefits you to let them know that you’re aware of that.

Your next move should be to tell them that you want to continue the dialogue via mail. The reason for this is that you want them to be in a position where you have proof of every single interaction with them. Sure, you could record your phone calls – but mail (whether electronic or physical) remains the simplest and most effective way to collect evidence on them.

How to Deal with Nelnet via Mail

Next, send them an email or letter requesting that they send you a debt validation report. Ideally, you’d do this right after their call: You only have 30 days from the their initial contact in which to do this.

If you don’t know how to get started with that, check out this debt validation letter template.

Once they receive your request, they’ll have to waste time finding proof of your debt. If you’re lucky they won’t be able to find it and they’ll have to remove the collection or late payment from your credit report.

If this didn’t work, you still have other options.

Offer to Pay Off Some of the Debt

One technique you can try is to offer to pay off some of the debt if they agree to remove the collection (or late payment) from you credit report. When using this technique, make sure you get everything in writing before writing them a check. That’s another thing to remember: never give them access to your bank account, but rather, write a check.

Hire a Professional

If offering to pay some of it back doesn’t work, it might be time to hire a professional who knows how to remove Nelnet collections from your credit report.

I suggest contacting Lexington Law Credit Repair to see if they can help. They’ve helped me and my readers, so maybe they can help you. Give them a call at 1-844-764-9809 or Check out their website.

The post How to Remove Nelnet Collections From Your Credit Report appeared first on Better Credit Blog | Credit Help For Bad Credit.

Read more: bettercreditblog.org