As far as my opinion about Sallie Mae, their customer service is terrible. They are foreign speaking so they are difficult to talk to and they don't ever seem to be able to answer a straight question. I called and asked that my extra payments be applied to my principle balance and just kept getting a letter about how payments are allocated. Not exactly what I was needing and after 2 calls and 4 emails, I'm still not sure they are allocating my additional payments to principle.
But your question about the number of loans that will show on your CRA....I had several Sallie Mae loans (both subsidized and unsubsidized) and consolidated them with Sallie Mae in July 2003. I also had a 12 month forebearance at one point, but no delinquencies.
My old loans still show on my CRAs as well as the loans I had from USA Group that was bought by Sallie Mae. None of them dropped off and in fact my credit report now says I have too many accounts (30 total with 15 being student loans!).
I posted before about the number of accounts and the flag on my CRAs, but no one was able to tell me if I should pursue having those taken off. The USA Group date back to 2001. If anyone finds an answer to this question, I'd sure love to hear the answer!!!
