Your payment history affects your credit report in two ways.
Regular, on-time payments and other account information makes up to 35% of your credit scoreOpens a new window. Learn more about how payment history affects your credit score at the Fair Isaac Corporation websiteOpens a new window.
Requesting deferment or forbearance before your account becomes delinquent can help you maintain positive reporting for your account.
See other advantages of paying on time.
Aspire Resources Inc. may report missed or late payments as a delinquency or default on your account. This information may:
- Remain on your credit history up to seven years, even if you later pay the loan in full or make payment arrangements to bring your loan out of default. In addition, your payment history may remain on your credit report up to 10 years after the last activity.
- Affect your ability to buy a car or house, get a credit card or qualify for other loans in the future.
- Increase interest rates and finance charges for loans you receive in the future.
Note: Current residents of New York and California are subject to different guidelines. Contact the national consumer reporting agencies for more information.
Request your credit reports.
Aspire strives to report accurately according to federal regulations, but if you think inaccurate information about your student loan(s) appears on your credit report, you may file a credit dispute.