topic Re: Ally - Goodwill deletion in Rebuilding Your Credit

Ally - Goodwill deletion

mpicasso — Thu, 24 Feb 2022 18:41:48 GMT

I am the primary on a car note, though co-signor owns/registers the vehicles. 2 30-day late payments, May and November 2019.

Have sent numerous Emails, letters, phone calls, etc. Offered to pay the balance in order to have the negatives removed. Today, they sited FCRA, saying they could not REMOVE it because of it. After a modicum of banter, we got to the point where we agreed that point was not valid as Ally CHOOSES to report, which according to FCRA, must be done accurately. Afterwards, I was told UDAAP was in effect, as it would be "unfair" to remove it for me, but not others.

I have been paying Lexington Law for at least 6 months, with no benefit, along with frequently contacting Ally myself. Does anyone know of a contact or department that might be a little more understanding of my situation? I may be the primary borrower, and on paper, the late notices are mine but the REALITY of it is I made a mistake of allowing myself to be a signor, helping someone finance a 10K car at an interest rate 1/4 of what they were offered.

Any help/suggestions would be greatly appreciated. Thanks in advance.

Re: Ally - Goodwill deletion

RSX — Thu, 24 Feb 2022 18:54:13 GMT

sorry to hear about that - i had a similar issue with a mortgage... and ended up with 2 x 30 day lates to my kindness

stop paying Lexington Law - they won't be able to help you, so save your money

continue with Good will efforts

you may need to wait the full 7yrs i am sorry to say

Re: Ally - Goodwill deletion

mpicasso — Thu, 24 Feb 2022 20:34:11 GMT

So frustrating dealing with this - my attorney advised me what to say so when I told them such, they stayed all concern would need to go through them

No, I did not RETAIN an attorney for this matter but DO have a consumer affairs attorney I use/consult.

UDAAP - unfair practices. So if I can show that they did a Goodwill deletion for someone with more than 1 late payment, not consecutively missed, I can challenge their UDAAP statement.

FCRA - they are willing to consider 1, and probably delete, but would really like both to be gone, pay off the loan, and be done with this nightmare.

Re: Ally - Goodwill deletion

gdale6 — Thu, 24 Feb 2022 23:30:42 GMT

I would move to sending the GW requests via US Mail to the office of the CEO, this is way more personal than an email.

Re: Ally - Goodwill deletion

mpicasso — Fri, 25 Feb 2022 00:02:58 GMT

Have spoken extensively with Executive Auto Customer Service reps, and supe, via phone today.

Definitely willing to try another course of action. Trying to discuss the facts, via phone, have seemed to be somewhat unsuccessful.

Re: Ally - Goodwill deletion

FireMedic1 — Fri, 25 Feb 2022 10:00:48 GMT

Comes to a point. It may stay. Larger banks just dont do GW's. People that have been in ICU when the bill came in and was late. No luck with GW's after sending proof. So many come on here that co-signed with the same results. They like you got the raw end. Thats the chance you have to take when you co-sign. 30 day late after 2 yrs doesnt do too much to a score. Best of luck.

Re: Ally - Goodwill deletion

mpicasso — Wed, 30 Mar 2022 00:20:49 GMT

Update - Ally has agreed to delete one.

Spoke with an attorney - able to pay off and suggested asking them to stop reporting, completely. Does anyone have experience doing this? Looking for guidance on what to say.

Re: Ally - Goodwill deletion

FireMedic1 — Wed, 30 Mar 2022 09:59:37 GMT

Were not attorney's. So it would be hard to beat them. If one goes you still have 1 30 day that really isnt doing anything after a couple years. All this effort for a 30 day late with Ally doesnt come up here. Never seen an ALLY Bank GW mentioned even. If you pay them off. Theres nothing to report anymore anyways. Just closed with 1 late if the other one is deleted. So thats a little redundant. Paying early the bank loses interest in their eyes. As @gdale6 posted. Just do GW letters to the upper mgt. Good Luck.

Re: Ally - Goodwill deletion

mpicasso — Wed, 30 Mar 2022 19:44:50 GMT

@FireMedic1 wrote:
Were not attorney's. So it would be hard to beat them.

Not asking for legal advice but rather if anyone has done this.

If one goes you still have 1 30 day that really isnt doing anything after a couple years.

Why did it show on a recent application? Approved with lower credit limit with that being one of the reasons.

All this effort for a 30 day late with Ally doesnt come up here. Never seen an ALLY Bank GW mentioned even.

They are listed on here, sometimes people having 6+ deleted.

If you pay them off. Theres nothing to report anymore anyways.

If you think I was asking for a GW deletion, AFTER paying off the account, you misunderstood my wording. Like you said, there is nothing to report...so stop reporting. THAT is what I am asking for, not a deletion. Completely different approaches.

Paying early the bank loses interest in their eyes.

The loan is being paid off, regardless...not asking for a "favor" other than, again, to stop reporting.
Just do GW letters to the upper mgt.

Thought I had mentioned my attempts at doing this before...

Re: Ally - Goodwill deletion

FireMedic1 — Wed, 30 Mar 2022 20:45:23 GMT

Its all good. This part:

"to stop reporting"

Stop reporting what? If you pay it off. Theres no reason to report any longer. Its paid with 1 late. Thats all I'm saying.

Re: Ally - Goodwill deletion

mpicasso — Thu, 31 Mar 2022 02:55:06 GMT

@FireMedic1 wrote:
If you pay it off. Theres no reason to report any longer.

I now understand what you are saying though - you are referring to the updated reporting, which I am not.

"Creditors and lenders are not required by law to report anything to credit bureaus".

Since they are not required to report anything, that is EXACTLY what I am asking them to do...report nothing, AT ALL. This means NO HISTORY, whatsoever.

The law only states that IF they are going to report, it MUST be accurate.

Hopefully, I clarified.

Re: Ally - Goodwill deletion

FireMedic1 — Thu, 31 Mar 2022 10:41:38 GMT

I wish you the best of luck on your quest. Once bold and CAPS hit the thread I'm out. We post things as a collective group trying to pinpoint and come up with a plan to guide the poster. Thats all.

Re: Ally - Goodwill deletion

mpicasso — Thu, 31 Mar 2022 20:41:00 GMT

@FireMedic1We post things as a collective group trying to pinpoint and come up with a plan to guide the poster.

You seemed to criticize my decision to continue pursuing this, all the while not understanding what I am trying to do.

These are comments you made to my post:

"Larger banks just dont do GW's."

"All this effort for a 30 day late with Ally doesnt come up here. Never seen an ALLY Bank GW mentioned even."

"Thats the chance you have to take when you co-sign"

Not sure how that helps "come up with a plan to guide the poster"...

Thanks for the feedback. I have a consumer affairs attorney I talk to, on occasion. Hate bothering him as I no longer pay for his services, which is why I came on here.

In the end, MANY people have been told, "You can't do that", "it won't happen", etc. We have electricity, astronauts, and cars that self-drive, along with NUMEROUS medical breakthroughs (I work in the operating room and have done some of the 1st timer). So if you TRULY want to help people come up with a plan, quit being a nay-sayer...or say nothing.

Re: Ally - Goodwill deletion

mpicasso — Fri, 01 Apr 2022 03:41:11 GMT

For those of you saying GW deletions from Ally do not happen, I ask you to review this post:

Ally Goodwill Letter

Re: Ally - Goodwill deletion

UncleB — Fri, 01 Apr 2022 04:25:05 GMT

Thread locked for moderator review.

--UB

Edited to add: Posts have been removed, and PMs will be sent where appropriate. Thread will remain locked per OP's request.