Unfortunately, details regarding Ally Bank's auto loan grace period are not made available on the website. I never write bad reviews. Unfortunately the time period for it to take effect for my next payment had already passed, so while I thought my October payment would be deducted, it was not. See the General Information - Eligible New Vehicles section of the RVLG for eligibility. For complete details on Ally's SmartLease program please visit the SmartLease Dealer Policies & Procedures Manual. Furthermore, new Ally consumer customers will have the option to defer their first payment for 90 days. Checks, can scan and instant front/back in bank and usable next day. All new vehicles listed in the RVLG are eligible for Ally SmartLease. Existing auto customers will be allowed to defer payment for up to 120 days. Ally is taking the following steps to provide support to its customers, auto dealers, communities and employees. The company said no late fees will be charged, but finance charges will accrue. TCF Bank: When consumers get payment deferrals on their TCF loans, they also have to pay no late fees nor is the credit bureau informed of any … To do this, you will need to pay the price set at auction, plus additional charges like repossession fees and storage fees. Thanks for a response! For more about various auto lenders’ repossession policies, read our articles about the policies at Santander, DriveTime, Kia Motors Finance, Capital One, GM Financial, and Chrysler Capital. Re: Ally Auto: Remove Late Payment Good late since April of last year on one credit report they report our account as closed. Relief for Customers. The company said no late fees will be charged, but finance charges will accrue. However, this period will depend on the lender. Late charge waivers ; Payment extensions Customers affected may contact customer care via phone, chat or email as customer care associates are standing by to discuss individual options. My husbands balance is always higher than mine when we dispute it. Deferral in this case means Ally waives late-payment fees, but interest continues to accrue. Generally, the grace period for an auto loan is 10 days. 09/05/2014: $681.03: Online payment: $18.97 : $0.00: $0.00: … Re: How I got ALLY Auto remove late pays Thanks for the info! More Information. Ally Financial (ALLY -25.8%) will allow existing mortgage customers and existing auto loan customers to defer payment for up to 120 days, with no late fees or … Last year, in September 2012, I set up automatic payments for my car lease through Ally. I am sure I can aggressivly pay off with Ally or just make normal auto payment for a few more months and then refinance with another lender if I need to seek a better lender. Ally -- Late Payment -- Hope for Removal? Eligible New Vehicles. I have done this on several occasions before with no problem.

I called Ally Auto and was told by the representative that the system couldn't handle the $120 payment. Lease Agreement Plan Parameters & Processing. Please call customer service at 888-925-2559 for more details. Ally Financial is allowing auto loan holders and existing mortgage customers to defer payments for up to 120 days with no late fees.