You can lose more funds than you deposit in a margin account. They sold it for 1/2 of what I owed and sold the balance due to Constar Fanancial and I have been paying a them each month. I received a letter stating I have until May 24th 2022 to cash it! But I havent received it. I did not receive a check. 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. 1. Second, used prices are surging right now so it's creating unusual situations. Payment Processing Center P.O. Ally I know yall can move faster than that. I made my payment and they repossessed my car in the middle of the night that night. I need questions answered u received a letter and I do qualify. So what does mean. Wondering the same ..from what I have read, it appears as if the trade line will be removed from your report. You guys sent me a letter probably a year and a half ago and said my name was listed and to just wait. We have yet to hear from anyone and the deadline is today please reissue our check(s). And thetr is no phone number. Now just waiting for my Experian report to update with it removed. 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! From what I undertstand it was finalized on the 9th of august 2021. Ive been contacted by 2 debt buyers/debt collectors wanting payment saying they were hired by Ally to collect. The company holds. I feel like this is a final retaliatory screw you to those whose debts they could no longer collect. So can someone please advise. anyone receive any check from ALLY as of yet ? Wow. Anyone know the results of the hearing yet?! Did not receive a check just a postcard also this is crap! How should I go about this? This settlement is a joke. Ally is just dragging their feet hoping the courts will change their minds or try and find another way to put their valued customers through a little more hell! With no telephone number to call they have left us at a dead end and its wrong. Posted on Jul 6, 2015 Selected as best answer I have a legal guide on consumer rights following vehicle repossession, linked below. Received notice in the mail to first notify me of the lawsuit & no I receive a post card with no check either. If you did not receive a check it most likely went to your state treasurer. 2. gonna be very small.. As of today the ally trade lines are removed from all my reports, the collection agency tradelines were reduced, and then removed from all my reports. Congratulations to everyone who filed a claim and got PAID! 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. Now they have reduced the deficiency (or gross waiver) down to a max of $1300?! Tried calling several times this month and all I get is the run around. !What do I do now?? My car was repossessed during the pandemic. My ex and I were going through a separation at the time of our repossession and the vehicle was sold. I was at home when my car was repoed. Add my name to the list. If you have insurance, contact your insurance company to begin the claim process. Ally Lending Live and learn never, ever do business with Ally and the local Chevrolet Dealership. My postcard also has a P.O. We owed them Nothing. So is their only contact is through the mail?? Open Settlements in total assets and has about 9 million customers, according to an Ally fact sheet. I am fighting a dispute since July 2022 when they repossessed my car stating I was behind $1300, but in fact I really wasnt but still had to pay $2200 to go and get my car from Auto Auction two hours away. I got a check for 24.86. now my account is In collections still so do I still owe them if I got the check from settlement, I got a check for $18.33..and its still on my credit report and I disputed and it was denied. I was a part of this lawsuit, it has been removed from my credit but I still havent received a check. Nope no check here and its still on my credit report also. Last.month I got a letter that said.my balance was 9,000 but will settle for 4,000. Saying I still owe them still on my credit Trust me when I say this Ally has no intent of issuing any checks in the range of $600. At this point the vehicle was repossessed a long time ago. Wonder why so low. Did I miss understand this. (310) 878-4496 Message Offers FREE consultation! I never received a settlement. The deadline to opt out of the settlement is July 13, 2021. I did not receive any check just a letter saying removed from credit report. If I do qualify I am good with having this removed from my credit report for all three bureaus. 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? CHECK BEVER RECEIVED!!! My vehicle was not only part of this but also the Reagor dykes scandal in Lubbock, Tx. Is their a number that we can call to see if checks being sent out. One letter said Inowe 9,000 but will settle for 700.00. Ally is the worst bank ever! what does it mean that the settlement is closed? 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. 2. Should have let the Supreme Court rule! You can. Box 733203 Dallas, TX 75373-3203. I havent recive any check. I voluntarily surrendered my car in 2019, after falling into hard times. Sold it the next week and still said I owe the full amount. I cant seem to follow if its the deficiency amount minus the $1,300.00, which would be a decent amount or the $1,300.00. I never got the check but they sent me a notice to cash my check on the 24 of may 2022, I knew about the lawsuit when it started knew I was a part of it but still never received a check whats up with Ally financials legal department they keep that $788 million for themselves, ANN ELLIS NO CHECK IT UNDER RUEL ELLIS NO PHONE TO CALL SEND TO EMAIL WHAT IS UP WITH COMPANY. I received a letter from the class action suits what is my status. I've reached out to them every 2 weeks, and to date they have no updates just that once sold they would send a statement of the final sale value and any fees that are deducted from that amount and what my remaining balance would be. I walk 5 mile to the the store. So now they took that money out of the unpaid balance for the second car which made it go up. box and be hopeful it will arrive on time. How to contact Ally Financial? Received the notice 5-13-2022, never received a check, but supposed to cash it by the 24th. 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. Menu. Please re- issue my check. So why was it sold for $3,000 below asking price and average market value. It is due to drop off his CRs is exactly 1 year and it was repo'd in early 2015. Didnt receive a check. Notice they said they were removing it but never said it would be forgiven. I received the same postcard stating that the check was sent out but not cashed I never received such check for this class action theres no phone number for me to call anybody Ive done my research and looked and looked theres nothing, I received a post card about a deadline of cashing the check but I never received a check. Same here, received a postcard stating to cash the settlement check by 5/24 but never received a check. we were having some health problems and had enough of their badgering. I then lost my job. You're responsible for the balance on the account even if your vehicle is totaled. it on in your browser. Dallas, TX 75265-3074, Overnight Payments: They relied mine and said I owned them 3000 and I only owed 1000 and my credit says its 3500 now. When I submitted my payment Ally sent a transaction through my Bank of $95,281 not once But twice. 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. on the Courts Order on Disputed Statutes of Limitation; the Class Period for all states ends March 19, 2021. provides a variety of financial services, from home and car loans to banking and retirement savings options. Short notice. How are we to know HOW MUCH WE WILL RECEIVE AND WHEN??!! Finally done with them! 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? I thought all of this is illegal because of the settlement they agreed to. they threatend us with repo all the time. Send them to the address you have on record. I never received a check and there is no phone number at which to contact anyone. Any time a debt is canceled its considered income and you have to file it on taxes. Work on improving your credit. it on in your browser. You also have to keep in mind the auctions have been shut down for the most part during covid. Recd my check. Mine name is obed Quintana prado I have been trying to reestablish my credit, but hasnt gotten me anything, while doing so thru my credit union, I pay an obsessive amount of interest just to borrow $500.00 and they take it out of my account immediately upon my direct deposit. Learn They are required to accept payment before sale. Here is my response-, Hi Im returning a voice message we received from you about the Ally financial class action lawsuit to answer your question the settlement was approved by the court on August 9 so now the benefits that are described in the notice will start to happen in late December and late January so the deficiency balance amount that you owe Ally will be reduced by $1300 around the end of December of this year and Ally will request that this information be removed from your credit report around the end of January of next year those two things were both occur automatically and you wont be notified if you can simply continue to check your balance in your credit score the checks will also be mailed around mid December to check the average check amount is and always has been expected to be about $28 and we dont have an individual announce yet we wont have those until December so all you need to do is just be patient let us know if your address changes from there we sent a notice and otherwise you do not need to do anything else in order to receive any of these benefits thank you. Mr. and Mrs. McClain. I still wasnt able to meet the cost they wanted and they sent it to collections. Please dont contact Ally media relations about questions you have with your account. The car was auctioned for 3,000 which left us with a 10,000 balance. that means you get the small check I wanna know if we still have to pay the remaining monies after they sold the car I turned in. 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! off Jesus help us to get our LIVES back! So is it safe to say the collectors are calling now trying to collect the charge off balance before the December/February deadline when its scheduled to come off? Add me. I have never received my check, but received a letter that I did not cash my check. I should be included. Ally Servicing LLC, NMLS ID 212403 is a subsidiary of Ally Financial Inc. Options involve risk and are not suitable for all investors.
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