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@Anonymous wrote:
Well, it says it's charged off. They however show it past due the full balance. It shows as:
Account Name: BMW FINANCIAL SERVICES
Account Number: 400054XXXX
Acct Type: Lease
Acct Status: Closed
Monthly Payment: $2,208.00
Date Open: 5/1/2005
Balance: $38,888.00
Terms: 36 Months
High Balance: $114,791.00
Limit:
Past Due: $38,888.00
Payment Status: Repossession/Charge-off
Comments:
That's copied from Experian, but it shows up the same on all CB's. How can I be past due $38,888 first off when my payment was $2,200? I think that's the part that's killing my report. Funny thing is, I was originally willing to pay the difference when it went to auction . I estimated I'd lose $4-$5K and just have to pay it to save my credit. But, when they sold the car for almost $40K LESS than I owed, and $30K LESS than it was worth, they are nuts. They literally gave away that car at auction. It was 1 year old with 6K miles on it. In case your wondering, it was a 2007 BMW 760LI.
Message Edited by radiodesignguy on 06-01-2008 08:20 PM
@Anonymous wrote:
The other issue is they STILL report this EVERY month. They have never missed a month reporting. I've disputed like I said, and when disputing with Experian by phone I get the "they have reported every month, you have disputed in the past, and we've confirmed it several times." I tried by mail, and Experian won't let me dispute it online. I get transferred to some special services dept. there. I've literally disputed this thing by mail every month for 5 months and every time it comes back "verified" or "previously verified" and I have tried all the different letters found on this forum.
tiff wrote:I'm experiencing the same thing with BMW Financial Services. The only difference is I paid them and they never updated by report. It's still listed as a BAD/Debt Chargeoff with EQ and TU.I am in a heated fight with them, i'm thinking about taking them to small claim court.