Mortgage … If the bank believes you are a flight risk, you might have as little as 10 days after defaulting on your loan. Double-check your car loan because it defines when you are in default.

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Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Paid on the car for over 6 yrs (contracted for 72 months) ALLY reposesses the car. I made the payment which they accepted, but they still kept trying to get the car. Once you default on an auto loan, you run the risk of having your car repossessed.

While some car loans define default as missing a single payment, others might define it as missing two payments. The repo man showed up and I called Ally and they said I could go ahead and pay now and they'd call him off. He asked to talk to them and at that point put his fat a&$ in the car … A repossession order is a legal document that grants the lender the right to repossess an asset, which can include a vehicle.

Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services.

Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Before GMAC rebranded itself as ALLY you could call customer service and get issues resolved. In the last 3 months of a car loan ($2000 balance) with Ally bank, missed a payment by 3 days, they cancelled my account, and got a court order to repossess the vehicle.

Mortgage …

So the car was sitting in my driveway with the keys on it because it's a lemon and I was waiting for the local shop to tow it. Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. Once the repo takes place, a repossession is listed on your credit reports for seven years and lowers your credit score…

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