Ally to Offer APR, FICO® Score and Secure Email for Auto Consumers

MIAMI, July 8, 2015 /PRNewswire/ -- At the National Association of Minority Automotive Dealers (NAMAD) annual convention today, Ally announced that its auto consumers will soon have easier access to important account and credit information online. Beginning July 19, Ally will add customers' annual percentage rate (APR) to their online account profiles and provide them their FICO ^® Score. The company has also launched a secure email feature on the site to help customers send and receive account information and documents quickly and safely. All three new features reflect Ally's customer-centric approach and commitment to providing greater transparency for consumers with regard to their account and credit information.

Ally's decision to provide FICO ^® Scores for customers was announced earlier this year at President Obama's BuySecure event, and is an important step in helping consumers monitor their credit health. Ally has also added tips and information to its financial literacy resources that explain the significance of a consumer's FICO^® Score and how it impacts the auto finance process.

"In the digital world, having the tools to manage and monitor finances has become increasingly important for many consumers," said Tim Russi, president of auto finance at Ally. "By offering direct access to their FICO ^® Scores and APR within their online accounts, Ally is adding a new level of transparency, and making it easier and faster for them to access their account details and credit information."

Ally customers will be able to access their APR, FICO ^® Score, and secure email by logging into their existing auto online account or creating an online account at https://www.ally.com/auto/.

For more information on the impact that a FICO^® Score can have on APR, and additional tips and resources on the car buying process, consumers can visit Ally's Wallet Wise website at www.allywalletwise.com. Educational courses on budgeting, credit, banking and investing are also available through Wallet Wise.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

About Ally Financial Inc.

Ally Financial Inc. (NYSE: ALLY) is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full spectrum of financial products and services, including new and used vehicle inventory and consumer financing, leasing, vehicle service contracts, commercial loans and vehicle remarketing services, as well as a variety of insurance offerings, including inventory insurance, insurance consultative services for dealers and other ancillary products. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.

With approximately $153.5 billion in assets as of March 31, 2015, Ally operates as a financial holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @Ally

Contact:

Susan Fitzpatrick
Ally Financial
(267) 387-7540
[email protected]

SOURCE Ally Financial

Related Links

https://www.ally.com/auto