I also got scammed by a person claiming to work for Ally who knew ALL of my finance informationstole almost $1,900.00meanwhile theres also a Fraud investigation and I have no vehicle. I would think that a repo is worse than a CO? I think then with that data and if it goes much longer it could be argued as not commercially reasonable. they cannot seek collection on any deficiency says in the agreement they agreed to . Received a check for $43 and was removed from my trans union but not my equifax. How is damage from years of credit problems from this, restored? I havent found it in my home tho. Im confused I had a loan on a car for about $16,500. Because it seems like what they were found guilty of they are doing to me now. The $1300 comes off the deficient balance, not in the form of money. . Do a three-way phone call with the new lender and a Ally Financial customer service rep at 1-888-925-2559, which allows the new lender to ask Ally Financial all the questions necessary to pay off your existing loan. box address where the insurance company would like the title mailed. Ally Lending First of all, when a car is worth more than what the person owes and they get behind on payments, the person will usually just sell it and settle the loan. I didnt know anything about the lawsuit until I received a check today for $26.49. They also do not state how the vehicle was sold, claim the balance used to calculate the deficiency is from 2 months after they the voluntary repossession process started, and worse claim the standing deficiency is $21,883.97! Those bastards repoed my truck after I set up payment arrangements. Dont be surprised if they sell these debts and you get a judgement for the balances left. Do you happen to have the number you used to contact? If you dont mind ? Will my credit now show as if this debacle never happened? Brand New car and it was a lemon, I took it back to the dealer with in 30 days, went to 2 others trying to duplicate the problem which was but said it wasnt an issue that caused a wreak and left me with neck surgery and 2 careers down the drain, refused to buy it back, came and got it days before it they said it was to be able to be reposed. As of today which is December 13, 2021 that charged off Ally account has been removed from my Transunion and Equifax credit reports. Each Class Member will receive an average cash payment of $28.90; the maximum payment will be $686.92, and the minimum will be $1.28. So why am I still being harassed by them? Same thing happened to me. And am i due compensation? Search. Plus, if I can't find record of this supposed auction where did it take place? Our hours of operation are Monday to Saturday between 8am and 10pm Eastern Time. And buy the time can get them payed they had a repo to pick the car up and I told him that they told me I could get caught up and keep the car. I guess my question is I was reading that the sale has to be considered commercially reasonable. While the vehcile is held for sale can they add storage fees? Ally had better straighten this out, they are not to be trusted! I received a postcard today, 5/13/2022, but have not received a check and cannot reach anyone to remediate it. Repossession law varies slightly from state to state and range from 3 to 5 months after you stopped making payments on your Ally Financial loan. In November of last year I voluntarily initated repossesion of a vehicle with a nearly $43,000 auto loan on it. Learn more. Login. how to turn Am I the only one that hasnt got a check yet?? Only the law firm that file the case and the lead defendants will come out great $20.000thou and 77 million Go to website http://www.Allynoticeclass.com, Who can I contact to receive my claim if my address change, I have Financial proof that Ally is Shady I was a month be hind and made the payment the next month to catch up. Any thoughts or helpful advice would be greatly appreciated, I know I will owe them but this seems a little bit ridiculous and very suspicious that it is only $130 above what is considered below market value with no records of attempts to sale it besides this dealership listing. 16je.. .-01, Jefferson County, Missouri, PLEASE PROVIDE A PHONE NUMBER TO CALL. We have yet to hear from anyone and the deadline is today please reissue our check(s). Or are they just being moved to current status and expecting us to still pay on the balance of the amount owed? I just had the same question and I got a call back within 2 days. Whats going on here? Or that will be in addition to the $1300.00, gross deficiency waiver amount. Ally Bank, the company's direct banking subsidiary, offers an array of deposit, personal lending and mortgage products and services. I received my check under $40 but its still showing on all three of my credit reports as negative. had my car repoed from these croucks to so when will we get our money they took my car after i had a heart acttack and was in icu in recovery sad part is i had insurence to pay for the car but no 1 told me what a joke these guys are then they said i owed them 6500 after the car was sold only had 12000 miles ca was like new still llive and learn, DO THESES EMAILS GET ANSWERED. And I havent received a check, Received the postcard on 5/14/22 didnt receive a check in the mail please give a contact number, i think we all shouold fikle a class action lawsuit on this people thats suppose to be paying us, Just received postcard but never received a check. Did I miss understand this. Notice they said they were removing it but never said it would be forgiven. it on in your browser. www.ally.com. After you've made your claim, contact us to provide: Please upload the following documents in the Message Center: Your insurance company can also fax the above documents to 678-682-7335. Havent received my payment , but got letter from alley. I received the same post card as all the others, but never received a check. Is it just me or is anyone expecting a jelly of the month membership instead of any form of check ? Trust me when I say this Ally has no intent of issuing any checks in the range of $600. Case no. I know ally also see these. Hows can I found out what I qualified for? I left a voicemail on the 844-735-5572 number. So he left and then three days later came back again so I told him just take it since theyre not going to work with me. What is the status.. As in only got letter today about dead line. What are the exact repayment and credit removal? Sample Certificate of Insurance Please submit a certificate of both general liability and worker's comp insurance. We'll send you a notice outlining how you can get your vehicle back after it has been repossessed. Be ready to provide them all your documentation as well in regards to problems with the car. I costed sighed for my son. Work on improving your credit. Copyright 2001-document.write(new Date().getFullYear()) Fair Isaac Corporation. For your protection, we'll close your session soon due to inactivity. General Mail P.O. I sure would like to know what the phone number is so I can answer my phone if they try calling me and would also like to know when I will receive a check? Ally Financial is a bank holding company based in Detroit, Michigan. Dallas, TX 75265-3074, Overnight Payments: But all too often, a borrower decides to sell the vehicle before it's paid off. Same here, post card with deadline but no check. In addition, Ally Financial has agreed to stop occurring finance and late charges on Class Members deficiency balances as of the settlements effective date, and will request that Experian, Equifax, and TransUnion delete trade-line information on Class Members credit reports that is related to their Ally account that is subject to this settlement. Deceased account dept. Imagine my surprise when I get a collection letter from Ally in the mail yesterday then today I receive a 1099c from them. Notice to cash the check But what check? Assuming you keep making your regularly scheduled payments, this can help reduce the amount of finance charges youll owe. To contact Ally Lending for billing disputes, questions about your account or to send general correspondence, please use the following address: To contact Ally Lending by phone, please call 18885680186. They repossessed it and have been sending letters and dinging my credit since may 2021, even after they sold the car. Send them to the address you have on record. Ally has reported it as a charge off/profit loss with a past due balance of $13,164. The dealership selling the vehicle had it listed at $26,987. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. I paid the charge off amount I am sure it negatively impacted my credit. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company, NMLS ID 3015. Ally sent my husband a 1099C 5 days, FIVE days, before tax deadline. Or when will it get removed ? Nothing shows on my credit report. This settlement is a joke. I want to know also. GOD is the only One we can ever rely on. I recieved the same postcard that it looks like most of these commenters here have written about also on 5/13. I just dont understand their method, or what to expect? Yes. Getting telephone numbers of distant doesnt family harassing them 4-5+ times if a payment is even so much as a few days late. Amen. It dont take no time for these folk to take from you but it takes forever for them to give back. 3 Those costs are all added to your deficiency balance. Received a letter some time back stating my debt had been forgiven and honestly forgot about this. Should I pay them? Ally Group/Finance has been doing a number it customers about time the whistle is blown the money is made the class act dont even hurt. Make it make sense. If you've fallen behind on car payments, you may know . Ok I stand corrected Final Approval -? In this case the bank will send a repo agent to take possession of the . The class action lawsuit was removed to federal court last week. Look up unclaimed $$ from your states treasurer website. I am receiving collection letters, threatening to have a judgment against me after I was doing my do diligence with Ally Financial Services. Thanks so much I HAVE NOT RECVD A CHECK. No phone number listed on the post card notice that was sent- just an address to contact them by mail. 2017-2021 and TM, NerdWallet, Inc. All rights reserved. Not fair that the customer should take over a $30,000 hit as a charge off and they keep the vehicle too! I also had a repossession in 2018 from this company and I just received a check for $41 Does this mean it was removed from my credit? We returned the car we could not drive stick they came an got the car sold it and are billing me for 7000.00 the past 5 years. Top Class Actions is a legal news source I even had the car detailed and waiting on them when they came to pick up. The information I received stated, we did not have to do anything. After logging in and selecting your vehicle from your Snapshot, choose Manage Account and then select Edit Nickname to update your vehicle nickname. With no telephone number to call they have left us at a dead end and its wrong. After 9 months of trying to sell it I had Ally take it back. So I know whether I should sue for my money. Then when we turned the vehicle in to Weld County Garage, they said we were good to go, and Ally tried suing us for 10,000. I have video of them sneaking up to my private garage and reposing my car even though I made the payment and had proof ! Yes I do meet some of the prongs of the test. Make sure you know the new garaging address (the physical address where you keep the vehicle). Two or three consecutive missed payments can lead to repossession, which damages your credit score. Francisco hernandez we need to do application to claim award portion of settlement.add us, Your email address will not be published. They took my vehicle, overcharged me for repo fees, and then sold the vehicle at auction. In this example, if Ally received a regularly scheduled monthly payment of $425.00, $94.52 would be applied to Finance Charges and the remainder of $330.48 would be applied to reduce the outstanding balance of the Amount Financed. Photos: I think there may be an Ally logo in the media library. Im curious if you noticed Ally changing the amount on your credit report ?Before them finally removing it from the 3 bureaus . The Court has not ruled in favor of either party. Many so-called repo agents are commission-based, earning an average of $350 for each case, according to Jeff Huang,. View all Advisory disclosures. National Auto Finance Company & Nuvell Credit Company, Payment disputes, payments with restrictions or endorsements, or customer service correspondence, It's faster to deposit checks and get documents to us online. Ally Bank is a Member FDIC andEqual Housing Lender The 2 nd day they came and repossessed my car . I have a $100 a month payment agreement with Constar Financial for this debt. as of december 1st i have not yet recieved a check from ally financial inc. My car was repossessed after they called and harassed people I knew after being told not to call again (whom their names where never given to them by me or as contacts on my contract) they tore the number off my dads car which was the same make but different model as mine and I didnt even live there. Box 660633. Instead of paying 400.00 to stop the repossession, the amount I needed to pay was over 2,000 because of towing and fees. Had to move from 4 bedroom home to income based apartment. I sent the letter back stating I never received the original check. B also at age 47 spent first time in jail over this. Thank you. Should I be paying a 3rd party company Northstar Services. status of any class action settlement claim. Also my credit score jumped 31 points on Equifax, its now at 695. Read About More Class Action Lawsuits & Class Action Settlements: document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Top Class Actions is a Proud Member of the American Bar Association, Various Trademarks held by their respective owners. Our site works better with JavaScript enabled. Two or three consecutive missed payments can lead to repossession, which damages your credit score. I think I am apart of this settlement but I have no received no further contact or information. they told us we would have to pay xx # of dollars to repo guy. Box 30248 Charlotte, NC 28230, Mon - Fri, 8am - 10pm ET Saturday, 8am - 9pm ET, Mon - Fri, 8am - 8pm ET Saturday, 10am - 5pm ET, Ally Lending P.O. Recieved post card that I have till May 24th to cash a check I never recieved. The KBB Fair Market sale price on this vehicle is $26,869 (max is $28,282). This is so wrong! Pissed Off Ally Customer Thats Owed $2,200 plus missed work for not having a car (until I was able to secure a reliable person to help until I got my car) and for when I had to schedule off to come and get the two hours away hours from being auctioned off! Sold it the next week and still said I owe the full amount. Search Close. So just got the Experian Auto Check Report for this vehicle, it states "05/19/2020 SOUTHEASTERN REGION 13,933 Auto Auction REPORTED AT AUTO AUCTION". No check yet. 2-2301: Settlement of claims; payment. Shame on all of them for their lack of humanity! Box 660371 Dallas, TX 75266-0371, Mon Fri, 8 am 10 pm ET Saturday, 10 am 4 pm ET, Mon Fri, 8:30 am 8 pm ET Saturday, 8:30 am 1 pm ET, Ally Invest P.O. I received the notice today (05/13/2022) and check must be cashed by 05/24/2022. I am so happy that they will get theirs. Any checks will be mailed around December 31, Not updated yet on website if they mailed checks out, I paid several thousands of dollars to a collection agency. The vehicle value is depreciating every month, as such do I just lose this? All of these payments could have been direct deposit or put on a Visa card/Cashapp/PayPal! I put preventative measures in place to avoid repossession but was never contacted until the car was repossessed. This field is for validation purposes and should be left unchanged. The actual repossession is done by an independent agent hired by the lender. Required fields are marked *. From NerdWallet. Update check came $25.27. Re: Ally Financial - Repossession Question, https://www.nolo.com/legal-encyclopedia/required-notices-car-repossessions.html, the amount of the outstanding balance of the loan, including all fees and charges, the method by which you can redeem or payoff the loan to get the vehicle back, and. Irving, TX 75061. Control how your personal information is shared and manage how we market to you. I received notice. And why was it not advertised? , NMLS ID 181005 . How are we to know HOW MUCH WE WILL RECEIVE AND WHEN??!! Please dont contact Ally media relations about questions you have with your account. Ally Financial P.O. I called and left a message stating that I have yet to receive the settlement check itself. SAME THING HAPPENED TO ME. So does this mean anyone that those was had repossession and didnt opt out of the case doesnt owe anything any more? I will never do business with Ally bank again. But you know no one has the money to challenge them so I guess al of us are just stuck on their time schedule waiting for a check for $1.28 to $600 something and for them to clear our credit and give us a little divinity back. View all Advisory disclosures. So now they took that money out of the unpaid balance for the second car which made it go up. In most states, the bank must notify you, in writing, of the following matters within a short time, usually five days after it has repossessed the car but before it is sold or auctioned: Notice of Default and Right of Redemption/Right of Reinstatement. How did you get it off your credit score, mine was not and the dispute was denied? I need questions answered u received a letter and I do qualify. I really have no realistic expectations of Ally doing the right thing, if they ever did I would be surprised! You can find background on Ally Invest Securities at FINRAs BrokerCheck . Perhaps all concerned to write a letter asking for an explanation. Ally also has agreed to no longer seek collection on a portion of any deficiency balance reflected as outstanding in Allys records after Ally repossessed and sold the property. My daughter received a check for $24.69 (shes deceased now) with an expiration date of August 2022! Is this going to mean I wont have to continue paying them or am I still stuck with this? You can lose more funds than you deposit in a margin account. Address. Ally Financial has agreed to pay $87.5 million in cash to cover payments to Class Members, attorneys' fees, and incentive awards to the Class Representatives. Learn Learn I had to find where my car was taken to and then had to find a ride to get to it. Ally Bank, the company's direct banking subsidiary, offers an array of deposit, personal lending and mortgage products and services. read above . I received a notice settlement check not being cash Called me three days before pay. Add me. Same here! Payment Address. I read the Settlement and thought it said I would not have to pay the balance. I would like the number too to find out. I would definitely appreciate it being removed from my credit report and stop third party seeking collections. I would also like to know how long this may drag out even if the case against Ally was won, so I found a address that im going to write or call to try to find out. Still stuck but should knock 1,300 off balance at end of year. If the car is sold, ask if you still owe money. In any event, I would think we should be granted this money based on the settlement wording and the fact that it was all paid in full.