Ally Financial Inc. has been hit with a class action lawsuit for allegedly improperly claiming debt forgiveness on consumers' repossessed vehicles in violation of state and federal law. Recd my check. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company, NMLS ID 3015. My vehicle was well worth $19,000 and they wanted me to pay the difference after my Car was sold for 9,000 way less than what it was worth not nice at all! I received a postcard today, 5/13/2022, but have not received a check and cannot reach anyone to remediate it. This field is for validation purposes and should be left unchanged. 2017-2021 and TM, NerdWallet, Inc. All rights reserved. The vehicle was repod over 6 months ago already. Assuming you keep making your regularly scheduled payments, this can help reduce the amount of finance charges youll owe. If the car is sold, ask if you still owe money. The repossession is still on my daughters and my credit report where I.was the.co borrower, I received a letter about this and never heard anything else n pd on 3 vehicles through them n ally for that much business was not easy to work with but not heard anything else on this settlement after letter. They tell me I have 30 days to cancel said insurance but I dont receive the policies until 2 months later only to find that they were worthless due to the fact they were only good for 10,000 miles or X amount of years and oh yeah, the policies I got stuck with stated they did not cover pre-existing I bought a 2013 Ford Edge (from a Chevrolet Dealership) they definitely saw me coming. How many car payments can you missed before repo ally? My car was repossessed during the pandemic. Ally Bank, the company's direct banking subsidiary, offers an array of deposit, personal lending and mortgage products and services. Characteristics and Risks of Standardized Options brochure. I got the same about a check and it need cashed never received any check . I sent the letter back stating I never received the original check. View all Forex disclosures. I would like more done. I did not receive a check. FICO is a registered trademark of the Fair Isaac Corporation in the United States and other countries. The terms of the settlement agreement provide a variety of relief for Class Members. I Had a car loan with Ally and I never received any information about this class action lawsuit . I have called the phone and heard the message claim that it will be completed by end of february 2022. I received a notice on 5/12/22 stating that I did not cash my check and that if I did not cash my check by 5/24/2022 it would be voided. To date the lender claims to still have possession of the vehicle and has not sold the vehicle. Maybe they are on par with one another in scoring, but I would think a repo is worse. If you've fallen behind on car payments, you may know . They are required to accept payment before sale. I Received a letter saying that i owe taxa on this Actions for car that they took. August 31st So our measly little checks should start arriving the 1st or 2nd week of December 2021. He fetched 92% of the total loan value when it was auctioned off, thankfully, but we never paid the remaining balance due to the situation we had with them. After co-signing for my grandson his truck was repoed by Ally and they harassed me so I started making payments of $300 per month. The vehicle sticker price was $17,999 the final loan over $23,000 because of extra insurance policies high I was told was about $45.00 extra a month but was never told they were adding the full price of all their specialty Gap, Wheel & Tire, insurance, etc. Ally repossessed my 2016 mustang California special for so.e kind of bs can I get my car back or the loan money to find a replacement of my dream car that took me 56 years to finally get. I didnt get any notice my truck was being repossessed. We owed them Nothing. IF I COULD TUN BACK TIME!!! Use either of the addresses below to mail payments for your Ally Lending account. Constar is still billing me. Court Documents say 120 days from approval of settlement until the time we should being seeing checks in mail and credit report corrections August 9, 2021 Approximately the middle of November 2021. I would appreciate the information about the removal of this debt on my credit by Ally- or third party in which they sold information too. A final hearing in the Ally Financial repossession settlement will be held Aug. 9, 2021. The deficiency would be the amount of your balance owed or $1300 whichever is lower. Ally Bank- Auto Loans Only Additional Contact Information Fax Numbers (248) 754-2964 Primary Fax Phone Numbers (800) 200-4622 Other Phone (877) 357-8477 Other Phone (800) 551-5377 Other Phone. I have not received the check. 3 Those costs are all added to your deficiency balance. Have two car payments with Ally with different account numbers.they took three of my payments for one Vehicle and applied those three to my other car payment both with different account numbers. I paid the charge off amount I am sure it negatively impacted my credit. 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. You can also pay by phone by calling 855-636-2559. Ally sold my car and I got a 1099 form to file on my tax like it was my income. The company holds $182 billion in total assets and has about 9 million customers, according to an Ally fact sheet. Just a post card. Every month our balance only went down 22 dollars or so. Review the Characteristics and Risks of Standardized Options brochure before you begin trading options. They really not being much help with this all we want is a number that we can reach and when is checks being issued? Ally Lending Hows can I found out what I qualified for? They have 180 days to remove the credit line delinquency from your reports. What if I move and need to register my vehicle in a different state? It came on the 29th of January, white envelope same address as post card. I voluntarily surrendered my car in 2019, after falling into hard times. I received a letter stating I was and now dont see my name included. x number of days since last payment received. In general it can take anywhere from a few weeks to a few months for the bank to find a buyer and complete the sale.Involuntary RepossessionIf you're behind on your car payments and the bank decides to repo your car without your consent the process will be a bit different. Shame on all of them for their lack of humanity! You must contact the . The shame of it is how many trees are used to produce and print these checks! I would think that a repo is worse than a CO? What is a 10 day payoff? Thats all that really matters to me at this point. Heres a bullshit move on not only Allys part but the lawfirm representing plaintiff! 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! A couple of months later I received a letter stating if my taxes were affected to call them. Ally Financial - Repossession Question In November of last year I voluntarily initated repossesion of a vehicle with a nearly $43,000 auto loan on it. All Rights Reserved. Nope I received a letter some time ago saying I was part of the lawsuit. Ally Financial provides a variety of financial services, from home and car loans to banking and retirement savings options. When my husband died in 2018 my income was reduced in over 1/2. Anyone else? It dont take no time for these folk to take from you but it takes forever for them to give back. . It was the most horrific experience of my life caused me to impact my score negatively and worst is no Matter the proof I had they didnt even bother with helping me. You can also pay more than the amount due. Rosanna Hernandez 1. We should all opt out of it and sue them again as a new but same case, the lawyers will get millions but the people that got f@&$#% are getting 28 bucks wtaf!!!!!. Ally Financial P.O. Dispute the payments with your bank and refer to any documents retaining to the the class action lawsuit and its results. Still on my credit and no check no nothing! 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. I havent received anything from Ally as a class action lawsuit happening..On April 12, 2022 I received a 1099C tax form 5 days before deadline..When I contact Ally they have no info and the info they tell me is I was part of a class action lawsuit and online a partial discharge of debt was done and I still owe them..they cant give me any info about the class action lawsuit and they dont know about a 1099C form sent to me..The collection agency still wants their money..if my debt was discharged all the debt it discharged not a partiel..it says once a 1099C is obtained NO ONE can collect on the debt owed! Will that be returned? as a consumer I feel sorry For the stories I read on this page people getting r.i.p. they cannot seek collection on any deficiency says in the agreement they agreed to . Got postcard but no check and no way to contact you. I received a notice settlement check not being cash Can someone help me out? I immediately called this lawfirm and told the secretary what had happened and replied there was nothing I can do! 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. I received a check for $21 in February, the deficiency amount was added to collection amount (1,069) at the end of December and the collection was removed from all 3 credit bureaus middle of January. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company, NMLS ID 3015 . All FICO Score products made available on myFICO.com include a FICO Score 8, and may include additional FICO Score versions. Sounds like some bs If you ask me. My daughter received a check for $24.69 (shes deceased now) with an expiration date of August 2022! Still dealing with Ally & there criminality. Ok so the class action lawsuit was paid out, I received a check for $58.31 last year. I havent recive any check. The settlement administrator is trying to keep all the money for themselves as I never received a check either and the date for cashing the check has left us no time to persue the so called settlement checks they supposedly sent us. NOW a collection agency has sent me a 1099c???? Its coming !!! Did I miss understand this. No check though, How do I find out if the sold my car after they repo it its been years I havent heard any thing also sold my un paid part of the loan to a collector but it shows they did a write off on the loan and repotted it to credit report. They repossessed it and have been sending letters and dinging my credit since may 2021, even after they sold the car. Order date was August 9th. Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Credit products and any applicable Mortgage . I WAS ALSO SENT A LETTER AS MINE WAS ALSO REPOD BY THESE CROOKSTHEY GOT 3 TIMES WHAT THE CAR IS WORTH AND THEN RESOLD IT. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The removal of trade line had been removed but still showed a balance owed. I have also received a settlement offer from Ally offering me a payment plan to pay for the car they repossessed from me. I HAVE NOT RECVD A CHECK. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement As of today which is December 13, 2021 that charged off Ally account has been removed from my Transunion and Equifax credit reports. If not, search repossession.. 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. Ally Financial Inc. has agreed to a settlement worth $787,500,000 benefiting consumers who received notices from Ally that failed to comply with state requirements. Received a check for $43 and was removed from my trans union but not my equifax. I think I am apart of this settlement but I have no received no further contact or information. I feel like this is a final retaliatory screw you to those whose debts they could no longer collect. I want this to come to an end ASAP!!! This settlement is a joke. You guys sent me a letter probably a year and a half ago and said my name was listed and to just wait. Wondering the same ..from what I have read, it appears as if the trade line will be removed from your report. Dallas, TX 75266-0633 Box 660633 Dallas, TX 75266-0633 Box 13625 If you obtained Ally financing through Clearlane or another online marketplace, you can make payments and manage your account at allydirect.com. What should I do? Foreign exchange (Forex) products and services are offered to self-directed investors through Ally Invest Forex LLC. The start date for each states Class Period can be found as. But I havent received it. How do I correct my new address?? So what should I do too check on that check? they threatend us with repo all the time. Second, used prices are surging right now so it's creating unusual situations. Wow!! I received a postcard in the mail that I have not cashed my settlement check and have until May 24, 2022, but I have not received a check for the settlement. How do I get that removed ? Photos: I think there may be an Ally logo in the media library. If you have insurance, contact your insurance company to begin the claim process. More details on software and accessibility are available at WebAIM.org. Please give me a phone number. How can you cash a check you dont have? To make an extra payment, simply enter more than the amount due when you make a one-time payment or enroll in/edit Auto Pay. Same here How can I cash a check I dont have. If it sold at auction, it kinda sells for the price it fetches at auction. I was sent a card about the lawsuit and I never heard back from them and I want to know how to get my money that is owed to me. Programs, rates and terms and conditions are subject to change at any time without notice. Any time a debt is canceled its considered income and you have to file it on taxes. I got postcard about a check I never got and that I have to cash the check by the 24th of May. Its been off my credit report for a while. Remember: you are submitting your claim under penalty of perjury. 16je.. .-01, Jefferson County, Missouri, PLEASE PROVIDE A PHONE NUMBER TO CALL. PPT can be billed either semi-annually or annually. Most states post this information online.