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?

Answer
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.
Eric Schad
Answered on Oct 29, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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