Who is Nelnet?
Nelnet, Inc. is a renowned student loan servicer based in Lincoln, Nebraska. They play a crucial role in the student loan industry by managing the administration, customer service, and repayment process of both federal and private student loans. Beyond just loan servicing, Nelnet offers a variety of educational financial services, such as tuition payment plans and software solutions for schools.
If you’ve taken out a student loan, Nelnet could be the company you’re making payments to. They could appear on your credit report as a collections account or late payment, particularly if you’ve fallen behind on your loan repayments.
How can I remove Nelnet Student Loans from my credit report?
Collections and late payments can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(Though debt collectors may not want this widely known, it’s your right to be informed.)
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Nelnet Contact Information
Address:
Nelnet
121 S 13th St.
Lincoln, NE 68508
Mailing address:
Nelnet
PO Box 82561
Lincoln, NE 68501-2561
Phone number: (888) 486-4722
Should I contact or pay Nelnet?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with Nelnet Collections is to work with a credit repair professional. They help remove millions of negative items every year from companies like Nelnet on behalf of their clients.
Nelnet Complaints
Most student loan servicers have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Nelnet Collections
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Nelnet to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- Nelnet cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Nelnet must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- Nelnet cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Nelnet From Your Credit Report Today!
Credit Saint can help you dispute Nelnet collection accounts. With over 15 years of experience, they have a proven track record of removing incorrect entries for many clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website or call (855) 281-1510 for a free credit consultation to see what they can do for you.
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