GMAC/Ally Bank

~Stacy~ · 11-29-2010, 08:54 PM

I currently have my camaro financed thru them! I just made my 11th payment to them today! My main question is my payment is not due till the 24th of the month. The last two months I have been averaging about $70-$80 for interest. This month I got jacked with $186 interest charge wtf? My interest rate is 6.69% but what is main reason for the jackup in interest?

SSOOCH · 11-29-2010, 09:00 PM

Call them. Let us know!

2ndgenz28 · 11-29-2010, 09:08 PM

An early xmas present for the CEO

~Stacy~ · 11-29-2010, 09:09 PM

Quote:

Originally Posted by SSOOCH

Call them. Let us know!

I'm screwed their closed. I'm in luck I work second shift at work the next two days so I will call in the morning. I been thru GMAC before back in 2006-2008 to finance my 06 G6 GTP never had no issues even with the payoff? But now with ALLY I don't know?

bluetooth-ss · 11-29-2010, 09:12 PM

Definetly call them. I hope they are not going to start pulling a bunch of bs on us.

papabearcamaro · 11-30-2010, 03:27 AM

I don't use GMAC/Ally but I am interested in hearing what you found out. Never know,may end up someday using them.

~Stacy~ · 11-30-2010, 11:59 AM

Time to start shopping for a new car loan ha! Since I pay a extra $3.00 a month. The bank has decided to take on higher interest on fees since my minium payment has gone down lower WTF? I took on 6 car loans my life maybe I should try getting a 7th loan

So basically it comes down to ALLY getting pissed off because I pay my car payments super early.

2ndgenz28 · 11-30-2010, 01:13 PM

Id try an involve the local news if they have those call for action segments, would make a great story.

motorhead · 11-30-2010, 01:29 PM

Quote:

Originally Posted by ~Stacy~

Time to start shopping for a new car loan ha! Since I pay a extra $3.00 a month. The bank has decided to take on higher interest on fees since my minium payment has gone down lower WTF? I took on 6 car loans my life maybe I should try getting a 7th loan

So basically it comes down to ALLY getting pissed off because I pay my car payments super early.

What kind of loan is that? I can't see how they can change the terms of the loan after you sign. I've seen business loans set up this way to keep you from paying them to soon ,but never a car loan. I would get the terms of your loan agreement and read them very carefully. If you don't understand them, find someone that does. That $3.00 a month should go to the principal and not affect the interest in anyway other than to reduce it. If you have the type of loan gives you a penalty for paying early I would stop paying the extra $3.00 until you can get the correct car loan.

2ndgenz28 · 11-30-2010, 01:29 PM

http://www.cnn.com/CNN/Programs/clark.howard/

11-29-2010, 08:54 PM	#1
~Stacy~ Banned Drives: Car Join Date: Jan 2010 Location: None Posts: 5,113	GMAC/Ally Bank I currently have my camaro financed thru them! I just made my 11th payment to them today! My main question is my payment is not due till the 24th of the month. The last two months I have been averaging about $70-$80 for interest. This month I got jacked with $186 interest charge wtf? My interest rate is 6.69% but what is main reason for the jackup in interest?

11-29-2010, 09:00 PM	#2
SSOOCH Camaro SL,UTs Drives: 2010 Camaro SS/RS #16429 Join Date: Sep 2006 Location: South Jordan, UT Posts: 7,357 View My Garage	Call them. Let us know! __________________

11-30-2010, 03:27 AM	#6
papabearcamaro Drives: 2012 Chevrolet Silverado 4x4 Z71 Join Date: Dec 2009 Location: WI. Posts: 1,744	I don't use GMAC/Ally but I am interested in hearing what you found out. Never know,may end up someday using them. __________________ SOLD(Traded for 2012 Silverado Z71 4x4 and 2012 Sonic Hatch.)...2010 Camaro 1SS/RS/LS3,yellow with House of Kolor Tangerine Pearl rally stripes,manual trans.Hurst short throw shifter,4 pack rally gauges,Roto-Fab air intake,Kooks long tube headers with high-flow cats,Borla S-Type catback exhaust,Comp Cam,PRC ported heads,Maggie with 3.6 pulley and 1:1 cog drive,secondary fuel system with 65lb injectors,ADM digital A/F and Boost gauge,Pfadt trailing arms and subframe bushings.614.25rwhp/566.82rwtq on 8# of boost. 2012 Chevrolet Silverado 1500 EX.Cab 4X4 Z71.

11-30-2010, 11:59 AM	#7
~Stacy~ Banned Drives: Car Join Date: Jan 2010 Location: None Posts: 5,113	WOW Time to start shopping for a new car loan ha! Since I pay a extra $3.00 a month. The bank has decided to take on higher interest on fees since my minium payment has gone down lower WTF? I took on 6 car loans my life maybe I should try getting a 7th loan So basically it comes down to ALLY getting pissed off because I pay my car payments super early. Last edited by ~Stacy~; 11-30-2010 at 12:30 PM.

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