The Best Student Loan Collection Agencies

The Best Student Loan Collection Agencies of 2022

As student loan debt has grown, so has the student loan collection industry. This article looks at how student loan collection agencies operate.

Student loans are often turned over to student loan collection agencies to make sure student borrowers repay their debts. A complete 40% of college students will borrow from a private lender before graduating.

Student Loan Debt Collection Agencies

The student loan collection agency industry has been growing and is projected to grow. Currently, at least seven different student loan debt collection agencies work for the Department of Education student loan program.

Student loan borrowers need not worry about their student loans until they leave school or default on a student loan payment. However, if you don’t make student loan payments on time, student loan collection agencies may contact you about student loans.

The student loan collection agency will attempt to collect your student loans by calling you at their discretion. According to the Fair Debt Collection Practices Act, they are not allowed to call before 8 AM or after 9 PM. If you do not answer, they can leave a message on your student loan voicemail. They will also send you student loan debt collection letters, student loan debt collection emails, student loan debt collection text messages, and student loan debt collection postcards telling you of your student loans.

Many different student loan agencies are involved with collecting student loans. However, all student loan agencies must adhere to the Fair Debt Collection Practices Act and student loan laws.

The student loan collection agency can also file a student loan lawsuit against you if you ignore student loans and student debt collection letters. In addition, the student loan collections agency may sue you for defaulted student loans or private student loans, though most student loan agencies will not do this since it’s costly and time-consuming.

Student loan debt settlement companies will help student loan borrowers settle student loans with student loan collection agencies. If you cannot afford student loans, student loan debt settlement may be an option for you. Contact a student loan debt relief company to learn more about debt settlement or other student loan assistance options.

Here is the best Student loan debt collection agencies list:

The Best Student Loan Collection Agencies

Account Control Technology, Inc.

Account Control Technology, Inc. was founded in 2001 and is located in New York, NY. They are a student loan debt collection agency registered with the Department of Education student loan program.

Account Control Technology, Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Action Financial Services LLC.

Action Financial Services LLC. was founded in 2003 and is located in Pembroke, Massachusetts. They are a student loan debt collection agency registered with the Department of Education student loan program.

Action Financial Services LLC. Offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

American Student Assistance Corp.

American Student Assistance Corp. was founded in 1992 and is located in Boston, Massachusetts. They are a student loan debt collection agency registered with the Department of Education student loan program.

American Student Assistance Corp. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Bass & Associates.

Bass & Associates was founded in 1998 and is located in Austin, Texas. They are a student loan debt collection agency registered with the Department of Education student loan program.

Bass & Associates offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Central Research, Inc.

Central Research, Inc. was founded in 1988 and is located in Atlanta, Georgia. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Central Research, Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Coast Professional, Inc.

Coast Professional, Inc. was founded in 1996 and is located in Los Angeles, California. They are a student loan debt collection agency registered with the Department of Education student loan program.

Coast Professional, Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Collection Technology, Inc.

Collection Technology, Inc. was founded in 1996 and is located in Bellevue, Washington. They are a student loan debt collection agency registered with the Department of Education student loan program.

Collection Technology, Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Collecto, Inc. dba Collection Company of America.

Collecto, Inc. dba Collection Company of America was founded in 1987 in San Jose, California. They are a student loan debt collection agency registered with the Department of Education student loan program.

Collecto, Inc. dba Collection Company of America offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Consolidated Credit Counseling Services, Inc.

Consolidated Credit Counseling Services, Inc. was founded in 1999 and is located in Deerfield Beach, Florida. They are a student loan debt collection agency registered with the Department of Education student loan program.

Consolidated Credit Counseling Services, Inc. offers student loan debt settlement services to help borrowers settle student loans for less than what they owe.

Consumer Portfolio Services, Inc. dba ConsumerCredit.com

Consumer Portfolio Services, Inc. dba ConsumerCredit.com was founded in 1995 in Salt Lake City, Utah. They are a student loan debt collection agency registered with the Department of Education student loan program.

Consumer Portfolio Services, Inc. dba ConsumerCredit.com offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Consumers Union of U.S., Inc.

Consumers Union of U.S., Inc. was founded in 1936 and is located in Yonkers, New York. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Consumers Union of U.S., Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Credit Bureau of New Mexico, LLC dba Premier Credit Services

Credit Bureau of New Mexico, LLC dba Premier Credit Services was founded in 1999 in Santa Fe, New Mexico. They are a student loan debt collection agency registered with the Department of Education student loan program.

Credit Bureau of New Mexico, LLC dba Premier Credit Services offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Credit Management Association, Inc.

Credit Management Association, Inc. was founded in 1953 in Madison, Wisconsin. They are a student loan debt collection agency registered with the Department of Education student loan program.

Credit Management Association, Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Credit Management Services, Inc. dba National Debt Relief

Credit Management Services, Inc. dba National Debt Relief was founded in 2010 and is located in Utica, New York. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Credit Management Services, Inc. dba National Debt Relief offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Credit Solutions, Inc. dba Debt Central

Credit Solutions, Inc. dba Debt Central was founded in 2001 in Lombard, Illinois. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Credit Solutions, Inc. dba Debt Central offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Creditors Holding Company/Student Loan Corporation

Creditors Holding Company/Student Loan Corporation was founded in 1991 in Waco, Texas. They are a student loan debt collection agency registered with the Department of Education student loan program.

Creditors Holding Company/Student Loan Corporation offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Crown Asset Management, Ltd.

Crown Asset Management, Ltd. was founded in 2001 and is located in New York, New York. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Crown Asset Management, Ltd. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

D’Aries & Associates LLC

D’Aries & Associates LLC was founded in 2001 and is located in Fenton, Missouri. They are a student loan debt collection agency not registered with the Department of Education student loan program.

D’Aries & Associates LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Debt Advisors, LLC

Debt Advisors, LLC was founded in 1999 and is located in Conyers, Georgia. They are a student loan debt collection agency registered with the Department of Education student loan program.

Debt Advisors, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Debt Consolidation Care, LLC

Debt Consolidation Care, LLC was founded in 2001 in West Fargo, North Dakota. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Debt Consolidation Care, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Debt Management Center, LLC

Debt Management Center, LLC was founded in 2004 in Ramsey, New Jersey. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Debt Management Center, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Debt Rescue, LLC

Debt Rescue, LLC was founded in 2001 and is located in Orlando, Florida. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Debt Rescue, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Debt R Us, LLC

Debt R Us, LLC was founded in 2001 and is located in Fort Lauderdale, Florida. They are a student loan debt collection agency not registered with the Department of Education student loan program.

Debt R Us, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Educational Credit Management Corporation (ECMC)

Educational Credit Management Corporation (ECMC) was founded in 1994 in Madison, Wisconsin. They are a student loan debt collection agency not registered with the Department of Education student loan program. Educational Credit Management Corporation (ECMC) offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

First Marblehead Corporation (First Marblehead)

First Marblehead Corporation was founded in 1991 in Salem, New Hampshire. They are a student loan debt collection agency registered with the Department of Education student loan program. First Marblehead Corporation (First Marblehead) offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Global Debt Staffing, LLC

Global Debt Staffing, LLC was founded in 1999 and is located in Santa Monica, California. They are a student loan debt collection agency not registered with the Department of Education student loan program. Global Debt Staffing, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Great Lakes Higher Education Corporation & Affiliates (Great Lakes)

Great Lakes Higher Education Corporation & Affiliates was founded in 1998 and is located in Madison, Wisconsin. They are a student loan debt collection agency registered with the Department of Education student loan program. Great Lakes Higher Education Corporation & Affiliates (Great Lakes) offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Higher Education Assistance Foundation, Inc. (HEAF, Inc.)

The company was founded in 1976 and is located in New Canaan, Connecticut. They are a student loan debt collection agency registered with the Department of Education student loan program. Higher Education Assistance Foundation, Inc. (HEAF, Inc.) offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

The HEAL Program was founded in 1991 and is located in Lafayette, Louisiana. They are a student loan debt collection agency not registered with the Department of Education student loan program. The HEAL Program offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

The HESAA Assistance Foundation (HESAA) was founded in 1993 and is located in Windsor, Connecticut. They are a student loan debt collection agency registered with the Department of Education student loan program. HESAA Assistance Foundation (HESAA) offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

PEN Inc., Debt Collection Agency

PEN Inc., Debt Collection Agency, has been in business since 1988 and is located in Santa Ana, California. They are a student loan debt collection agency not registered with the Department of Education student loan program. PEN Inc., Debt Collection Agency, offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Provident Funding Associates, LLC

Provident Funding Associates, LLC has been in business since 1990 and is located in Westwood, New Jersey. They are a student loan debt collection agency not registered with the Department of Education student loan program. Provident Funding Associates, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Sallie Mae Inc.

Sallie Mae Inc. has been in business since 1972 and is located in Newark, Delaware. They are a student loan debt collection agency registered with the Department of Education student loan program. Sallie Mae Inc. offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Student Loan Xpress, Inc.

Student Loan Xpress, Inc. has been in business since 1980 and is located in Chatsworth, California. The student loan debt collection agency is not registered with the Department of Education student loan program. Student Loan Xpress, Inc offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

TMS Education Services, Inc.

TMS Education Services, Inc has been in business since 1989 and is located in Lansing, Michigan. The student loan debt collection agency registered with the Department of Education student loan program. TMS Education Services, Inc offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

University of Phoenix Department of Education Loans

University of Phoenix Department of Education has been in business since 2001 and is located in Phoenix, Arizona. The student loan debt collection agency registered with the Department of Education student loan program. University ofPhoenixDepartmentofEducationLoans offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Vantage Point, LLC (formerly National Student Loan Clearinghouse) (LendKey)

Vantage Point, LLC (formerly National Student Loan Clearinghouse) is a student loan debt collection agency registered with the Department of Education student loan program. Vantage Point, LLC (formerly National Student Loan Clearinghouse) offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

WFB Collections, LLC

WFB Collections, LLC has been in business since 1995 and is a student loan debt collection agency registered with the Department of Education student loan program. WFB Collections, LLC offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

Welch & Associates

Welch & Associates student loan debt collection agency registered with the Department of Education student loan program. Welch & Associate offers student loan debt settlement services to help student loan borrowers settle student loans for less than what they owe.

We know that a law degree does not qualify a lawyer to practice in every area of the law. We understand that some people become lawyers to help people, some to make tremendous amounts of money; some want both. When looking for student loan debt settlement services, be careful and ask lots of questions. Ensure the student loan debt relief company is qualified to help you with your student loans before agreeing to any student loan settlement or reduction.

Conclusion

The student debt relief industry is growing. According to student loan debt settlement services reviews, the student debt relief business model is easy to execute, and student loan borrowers are more likely to try student loan settlement help because it appears there are no upfront fees involved. However, in reality, student loan borrowers get caught up in a student loan reduction scam that often leaves student loan borrowers worse off.

Most student debt reduction companies ask borrowers to stop paying student loans for an agreed-upon period, usually six months. Unfortunately, the student debt relief company gives this student loan strategy a fancy name like “student loan forbearance” or something else that makes student loan borrowers think it is student loan forbearance.

In student loan forbearance, student loan borrowers continue to pay student loans, but student debt relief companies stop student loan payments from going towards interest and apply any student loan money owed to the principal. In reality, student debt relief companies get student loan borrowers to stop student loan payments so they can take the time needed to enroll as many student loan borrowers in their student loan student debt relief program.

Once student loan borrowers are enrolled, student debt relief companies may ask student loan borrowers to stop student loan payments again for another agreed-upon period. Sometimes student debt relief companies request that student loan borrowers restart student loan payments after this student loan forbearance period ends. Student debt reduction reviews indicate that most student loans can remain student loan forbearance for up to a year. In student loan forbearance, student loan borrowers do not need to pay student loans, but student debt relief companies continue charging student loan borrowers monthly student debt settlement service fees.

In student loan repayment plans, student debt relief companies work with state and federal student loan lenders to create a payment plan that is student loan student debt relief friendly. If student loans are student debt settled, student loan repayment plans are student loan student debt relief.

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