- Report: #706470
Report - Rebuttal - Arbitrate
Complaint Review: Ally Financial
Ally FinancialAlly Automotive Financing, Minnesota United States of America
Ally Financial Formerly GMAC Financial Vanishing Auto Payments Not Applied Nearing the End of Loan Ally Automotive Financing, Minnesota
*Consumer Comment: Attorney general
*Consumer Comment: IT APPEARS THAT GMAC, WHICH WAS PART OF GENERAL MOTORS, WAS LINKED TO THE FEDERAL RESERVE.......
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My account information shows the due dates and payment dates for each cycle and even though the payment history proves that I am current, Ally insists on coding my account as past due. This began in earnest after I paid my balance down to around $3000.00. (Maybe they are experiencing separation anxiety, or worse for them, losing a cash cow).
I now owe Ally Financial less than $1600.00 and fully expect that even after I pay off the loan amount legally and successfully, Ally is going to "manufacture" a reason to require just a little bit more money before they are willing to release my title to me and note the account as being "Paid in Full!"
In addition to harassing me by phone, I recently received a nasty letter from Ally, demanding that I send them an unjustifiable payment within 4 days, or else they were going to right-off the entire balance of the loan and report it to the credit bureaus as a charge-off. This, after my making six years worth of payments to them. It is not my fault that they will not have access to my hard-earned money for much longer.
Meanwhile, I have fought back. I have filed a complaint with our State Attorney General's Office, our Banking Commissioner's Office and now calling them out here. Neither of those channels provided any assistance, but it was worth a try. Ally Financial is not a consumer-friendly organization and does not respect Fair Debt Collection rules. I don't care how cute they try to make their commercials appear.
I believe Ally Financial (FKA GMAC Financial) is greedy, predatory and dishonest. I am determined to avoid their ilk going forward.
This report was posted on Ripoff Report on 03/15/2011 05:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ally-Financial/Ally-Automotive-Financing-Minnesota-55438/Ally-Financial-Formerly-GMAC-Financial-Vanishing-Auto-Payments-Not-Applied-Nearing-the-End-706470. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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