Wrongful Repossession by GMAC/Ally
My son financed a car through GMAC/Ally about 7 months ago and I co-signed for him.On December 12, 2010 a drunk driver hit him and totaled the vehicle.
The car was towed to a storage facility and they notified Ally that it was on their premises, we had State Farm requesting the vehicle be towed to a repair shop for visual inspection but when I called the storage yard I was informed that Ally had picked the car. This was done without notification to myself or State Farm. The loan was paid on time and never paid late. Because Ally picked up the car, they listed it as a repo on our credit report.
Ally refuses to accept the pay off check from State Farm and each day the interest charges increase. It took over a month for Ally to give State Farm the payoff which only increased it as each day storage fees were being added. Im at a loss as to how this situation can be resolved without an attorney because I get no help from any Ally who states the repo will not be removed and the payment will not be accepted.
I have been turned down for loans because of this and in April 2011 the balloon payment is due to be refinanced on my home.I could lose my home over this!
More Review Details
You May Also Like
- "Mr. Eric Johnson is in finance at My EZ auto broker in Mount Vernon Ohio. In 2008 Mr. Johnson was sued by the Ohio Atty. Gen. and Ohio..."
- "I'M 53 YEARS OLD AND I NEVER EXPERIENCED ANY COMPANY THAT DIDN'T WANT TO SEE PEOPLE GET FURTHER. I RESENTLY APPLIED FOR A REFI ON MY CAR WITH WELLS FARGO..."
- "I took my car in today to get a warranty for my dash because it is warp and it falls under the warranty to get fix but they told me..."
- "1st room was invested with termites 2nd one was fithy. Only prostitutes and drug dealers would be comfortable here. Pictures and videos. I filed a complaint #3246930 & still have..."
- "If any one out there used Walmart's Sunday ad to purchase the Samsung 48" Class LED HDTV as advertised please let me know. I have tried all the Walmart stores..."
- "This is a reorder to try and solve the issue of presentation of my Valentine's Day order. Still they look a mess! Will no longer trust edible arrangements with..."
- "Horrible...even when given a chance. After pics weren't real I decided let's give'er a go. She lacked a lot of skills or either doesn't enjoy it..she got into it half..."
- "I ordered the m223 from cabelas Black Friday sale on thanksgiving day. Order was confirmed and I then purchased a mount for that scope for another site. The following day..."
- "I was singled out with my daughter from riding scream roller coaster. She had already passed the first height check and then was yanked out of line before entering the..."