![]() Owed on the Vehicle Return Statement was $1,444.54, which was for tire charges. We allow 364 days for the balance to be satisfied prior to On August 17,Ģ021, we generated the enclosed Vehicle Return Statement, which detailed theĬontractual obligation owed to BMW Financial Services upon the returned of your Was reported as a Collections account beginning in August 2022. To resolve your request, we researched your account and verified your account We hope the following informationĪnd explanation will answer the issues addressed in your complaint. The Better Business Bureau complaint process. Giving us the opportunity to address your issues regarding your credit reporting through The CFPB just put out a circular regarding auto companies and these service contracts and other behavior that is done on the final part of vehicle leases.Īnyways, I hope BMW will clear this matter up ASAP so I can move forward and purchase my home. Here I am months later trying to buy a house and it says I have a collection with BMW, no late payments, and no balance due! I made no payments so obviously this is an error on BMW's side and I need the collection remark removed from my credit. I was told that the situation WAS RESOLVED. I called TWICE and was told that the situation was cleared up and everything was fine. When I was turning in my BMW for Acct # ********** they put a "Collection" on my credit report! They originally said that is was for a balance due for tire insurance a service contract I wasnt even aware of placed on the original auto contract.Īll my payments were on time and there was no balance due on the account. I have been a loyal BMW customer and always made my payments on time. My SSN is: ************ I am being harmed financially due to BMW financial services posting innacurate information on my credit report. ![]()
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