Ally Bank - quick loans

Keith Reed62 said:When you submit an application at Ally Bank, you'll be redirected to the global guarantees page once you hit confirm.
However, if you don't accept those terms and finalize the guarantee, the loan won't even move forward for approval.

On top of that, they require a signature on the contract they send over.

If you’re just looking for a quick thousand bucks, fast loans are fine, provided you aren't overextending yourself.

The best option on the market is Cash Expert; there are zero hidden fees, and it takes about 3 to 5 hours from submission to payout.

Once the application is submitted, they call you within 2 to 4 hours, and after you confirm during that call, the funds hit your account in 1 to 2 hours.

They are polite, professional, and so on... if you can't make a payment, they offer extensions. Also, the amounts, number of installments, and installment totals are all clearly listed on the website.
The fee is slightly higher, but if someone needs cash in a hurry, this is a really solid option.

Well, now that sounds like a paid advertisement to me.
There is no such thing as a "best" predatory lender; "the best" doesn't exist.
Credit Karma is just as much a pack of wolves as any other firm offering quick online loans.
You should steer clear of all of them—Credit Karma, Experian, Ally, Netfinity, Evocash. They're all sharks, bottom-feeders, and nothing more.
Run the other way. Try to figure it out yourself—pick up a side hustle, ask family, talk to friends, anything at all. Just don't go to them.

Anything is better than these "polite and professional" devilish loan sharks. Seriously, ANYTHING.

Good luck to everyone.

I submitted my application earlier today, and they were asking for three separate pay stubs along with my recent bank statements. Everything was approved within five minutes of uploading the documents, but once I actually sat down to look at the interest rates and the fees for their "guarantor" service, I nearly fell out of my chair. Honestly, I’d much rather deal with a collection agency from a credit card company and just grind it out for four months to settle my debts than touch anything involving Ally Bank.

What am I supposed to make of this? A woman from their office called me about an hour ago, asking why I hadn't sent over the signed contract yet.
I told her straight up that I wasn't sending it—not after seeing what that ridiculous guarantor fee costs. She had the nerve to tell me that the fee isn't their problem, to which I responded, "Wait, you're telling me how it works?"
Please, just stop calling me. I'm not foolish enough to fall for this kind of predatory lending. It seems like they specifically target people who are desperate and feel like they have no other options. It's honestly quite pathetic.

Bryan Gray6 said:I submitted my application earlier today, and they were asking for three separate pay stubs along with my recent bank statements. Everything was approved within five minutes of uploading the documents, but once I actually sat down to look at the interest rates and the fees for their "guarantor" service, I nearly fell out of my chair. Honestly, I’d much rather deal with a collection agency from a credit card company and just grind it out for four months to settle my debts than touch anything involving Ally Bank.

What am I supposed to make of this? A woman from their office called me about an hour ago, asking why I hadn't sent over the signed contract yet.
I told her straight up that I wasn't sending it—not after seeing what that ridiculous guarantor fee costs. She had the nerve to tell me that the fee isn't their problem, to which I responded, "Wait, you're telling me how it works?"
Please, just stop calling me. I'm not foolish enough to fall for this kind of predatory lending. It seems like they specifically target people who are desperate and feel like they have no other options. It's honestly quite pathetic.

There are plenty of us who felt we "had" to take these deals (though looking back, maybe there was another choice, but it's too late to cry about it now)...
You made the right call. You just saved yourself from a massive nightmare, even if you don't realize it yet.

Since when did they start demanding pay stubs—let alone three of them? Isn't this all happening a bit haphazardly, without any real oversight or official verification? 🤔

darkmaker94 said:The statutory default interest rate is sitting at 6.11% annually right now, but it’s dropping down to 5.89% starting July 1st.

That's why there are no limits on those "fees"—which is just a fancy way for them to mask interest rates. As long as you can dress up a shady practice in a more legitimate-sounding name, everything works out exactly as they planned...

I just can't wrap my head around this logic. When you calculate the APR at a bank, that figure is supposed to include everything—including account maintenance fees if, say, having a certain account status is a prerequisite for getting the loan.
Everything gets rolled into the APR, all credit-related costs and such.

But they can just shove guarantees, service fees, and other charges into some absurdly inflated APR figures instead.

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Something unexpected popped up on my end, so I ended up taking out $667 split into two installments. The total guarantee amount came out to $190, which breaks down to $95 per month. Once I've settled both of those, am I officially clear with both the guarantor and Ally Bank? And more importantly, will I actually get some kind of official confirmation once everything is paid off?

You can actually just go ahead and request it yourself.

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Has anyone actually messed around with these $667 offers that don't require a payroll check... Like, do you seriously need a co-signer for this stuff?

Basically, you're gonna need a co-signer for any loan—either some actual person who can back you up or you just go through an S&P Global guarantee service.

If you’ve got someone willing to co-sign for you, you’re basically just looking at the interest rate without all those extra fees—which honestly sounds like a much smoother experience than dealing with the headache of a big bank. But if you try to fly solo without a guarantor? It just doesn't make much sense because the costs become way too steep.

Eric Taylor4 said:If you’ve got someone willing to co-sign for you, you’re basically just looking at the interest rate without all those extra fees—which honestly sounds like a much smoother experience than dealing with the headache of a big bank. But if you try to fly solo without a guarantor? It just doesn't make much sense because the costs become way too steep.

In my opinion, that whole "co-signer" thing is just a bit of a gimmick. They aren't really looking for a traditional co-signer; they're just pushing their own specific guarantee program.

James Martin10 said:In my opinion, that whole "co-signer" thing is just a bit of a gimmick. They aren't really looking for a traditional co-signer; they're just pushing their own specific guarantee program.

I suppose I might have been in a similar boat once; I tried using a co-signer myself, but even then, I couldn't seem to get it sorted out.

James Martin10 said:In my opinion, that whole "co-signer" thing is just a bit of a gimmick. They aren't really looking for a traditional co-signer; they're just pushing their own specific guarantee program.

A gimmick? Not at all. I’ve gone through this process about five times now, and it’s been smooth sailing every single time without any hidden fees or extra headaches. Even with $6667, everything went off without a hitch.

Eric Taylor4 said:A gimmick? Not at all. I’ve gone through this process about five times now, and it’s been smooth sailing every single time without any hidden fees or extra headaches. Even with $6667, everything went off without a hitch.

They actually rejected my application with some absolutely ridiculous excuse. My co-signer had a perfect credit score and everything, and they specifically told me I needed to use one, so I went ahead and did exactly what they asked. They even sent me to the notary! Then, out of nowhere, they tell me the co-signer isn't acceptable. It made zero sense.

See, it's not just me—another user is saying the exact same thing. I'm clearly not alone here. Since the loan amount was pretty high, the guarantee fee was also huge, so I just decided to walk away entirely.

And then, to top it all off, they spent weeks badgering me with follow-up texts claiming they had "even better terms" available...🙄🙄

James Martin10 said:They actually rejected my application with some absolutely ridiculous excuse. My co-signer had a perfect credit score and everything, and they specifically told me I needed to use one, so I went ahead and did exactly what they asked. They even sent me to the notary! Then, out of nowhere, they tell me the co-signer isn't acceptable. It made zero sense.

See, it's not just me—another user is saying the exact same thing. I'm clearly not alone here. Since the loan amount was pretty high, the guarantee fee was also huge, so I just decided to walk away entirely.

And then, to top it all off, they spent weeks badgering me with follow-up texts claiming they had "even better terms" available...🙄🙄

I can't quite wrap my head around why you ran into such a wall, but personally, I’ve pulled about five or six loans over the last two years using a co-signer without a single hiccup. Beyond the standard interest, there were never any extra fees or hidden headaches.

Daniel Torres said:Basically, you're gonna need a co-signer for any loan—either some actual person who can back you up or you just go through an S&P Global guarantee service.

Totally! Honestly, the easiest way for me was just going through Forbes.com. They handle the whole guarantor thing automatically. I just follow the prompts in the messages and call it a day. Seriously, they've been awesome to work with.

By the way, just in case nobody told you, Ally Bank recently bumped up their repayment terms—you get 18 months now instead of the old 12. They also upped the limit too, going up to $8333 for the long-time users (used to be capped at $6667 max).

Hey! Just wondering if anyone here has used a quick loan from $2000 Ally Bank before? Also, can I use a co-signer for it? 🤔🤦🏼‍♀️