ALLY Financial has put together a relief package for customers who are affected by the current COVID-19 crisis. It joins a few others in trying to help customers who are feeling a financial strain due to temporary unemployment.
The company has decided to give existing mortgage customers the option to defer payment for up to 120 days, without late fees but interest will accrue.
"At Ally, we recognize there has never been a more critical time to deliver on our promise to 'do it right', and we are committed to supporting the people we serve safely and confidently through this crisis," said Ally CEO Jeffrey J. Brown, in a press release.
"We are taking multiple steps to support our customers, communities and all stakeholders to bolster peace of mind and help safeguard their long-term financial well-being. We'll leverage our strong market position and consumer lending capabilities as we work through the crisis and continue to prioritize long-term value. When we all do our part, we help create stronger and more resilient communities that benefit us all."
The company also highlighted a few ways in which they are keeping their employees safe for the threat of COVID-19. To learn more about the relief package from ALLY, click here.