Minnesota. Signed a lease extension early May. Ally says they never got the paper work or payment. Missed one letter warning (my bad didn’t open it in time). They towed my 2020 Tacoma Sport 26k miles last night. What a nightmare. No one at ally can give me an answer on how much I actually owe in fee…

Good luck working toward a resolution. Hindsight is 20/20 but anything that could impact my credit, I send with tracking. This is my worst fear.

Feel sorry for your credit. Probably won’t be able to lease again for a while

[image] Walper: Not what you want to hear, but “I didn’t know” and “I didn’t realize” and “I didn’t check my bank” aren’t excuses. Hopefully you can work something out with Ally if you can offer to immediately wire or do a bank transfer any outstanding balance and get it corrected. Taking a loss…

[image] jasonhex: Would buying out the lease at this point take that off my credit? Typically no, you have multiple derogatoriness now: late payments and a repo. Unless you can convince Ally it’s their fault and get them to remove them as part of that, RIP you credit. If the lates are already…

I don’t even think that you will have the option to buy it. It’s not yours. It got repossessed. I would try either chat or keep calling Ally to find out what you need to do to try to make it right. Can you make a payment thru your online portal? Can you pay any remaining balance thru there? Do you h…

It sounds like it was May June July missed. If this was a high value truck that Ally knows they can repo and make a ton of profit on I bet you they sent the repo man out the second the 3rd payment was late.

Talking to a dystopian subprime lender is bad enough at the best of times. Trying to get an answer that’s not in the script they read off, holy fuck, you’ll need the patience of a saint. Hope it works out for you.

If you pay what is owed including repo charges etc… there is a good chance you won’t ruin your credit.

It sounds like Ally never extended your lease, which means you technically have no missed payments on your credit report. Ally will auction your car, and bill you for the difference. If you pay the amount billed, your credit shouldn’t take a hit.

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Truck got taken even tho I signed extension

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forbs July 13, 2023, 7:49pm 12

How many payments you miss? I thought it was 3 before they even bothered to repo it.

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