What does Ally Financial Inc. (ALLY FINCL) mean on my credit report?

Is ALLY FINCL making an impact credit score?

Updated May 1, 2022

What is ALLY FINCL?

ALLY FINCL is shorthand for Ally Financial Inc., with the company name being Ally Financial Inc.

Do It Better is the core of who we are. We’re making banking smarter and easier while serving our communities. For over 100 years, we have valued and encouraged the motto of working harder together. This belief is woven into the very fabric of our business and culture.

ALLY FINCL is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Ally Financial Inc..

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan
  • ⚫ Collection Agency/Attorney
  • ⚫ Lease
  • ⚫ Auto Lease
  • ⚫ Auto

How do I contact them?

Here is the current contact details for Ally Financial Inc.:

Address:

  • Ally Bank Customer Care
    P.O. Box 951
    Horsham, PA 19044

Website:

Email:

Phone:

  • 877-247-2559

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

ALLY FINCL SmartCredit Report

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

ALLY FINCL IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can ALLY FINCL be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.