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How do I remove a cosigner from a loan with Ally?
I have a car loan with online lender Ally. I want to remove my cosigner from the loan. Can I do this without meeting a representative in person?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If you’re looking to remove the cosigner from your
car loan
, chances are your finances have improved lately, so kudos to you! If you’re an Ally customer, you can start the removal process by requesting the cosigner release form online. Once you have the form, print it out and schedule a meeting with you, your cosigner, and a public notary. The notary will act as a legal witness and ensure that the form is properly signed.
Then, mail it off to Ally at:
Processing Center
Post Office Box 380902
Bloomington, MN 55438-0902
You can also fax the form to 1-866-619-8676.
While you’re changing things up in terms of you car loan, take an opportunity to shop for car insurance quotes. You might be surprised to learn that you’re overpaying for your insurance!
Jerry
can help you compare dozens of competitive quotes from the nation’s top insurers and switch policies in-app—no long forms or phone calls required.View full answer
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