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


credit score (select to view enlarged photo)

New features provide easier access to important account and credit information

MIAMI -- July 8, 2015: 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 Ally 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 Ally Wallet Wise. 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.