BMWFS still auto-deducts payment after making payment

f30nynj · 04-23-2013, 09:56 AM

I had auto-pay enabled in case I forget to make payment. This month I paid my due in a week in advance and today I found that BMWFS auto-deducted from my account for the same amount. So my question is

1) Will my next month's payment go down since I had made two payments this month?
1.a) If not, can I skip next month's payment?

2) Just curious, what is the penalty for not making payment on due date? Does BMWFS give any grace time? Do they immediately report to credit agencies?

Mr Tonka · 04-23-2013, 01:28 PM

Maybe you should call BMWFS.... ??

FVM3 · 04-23-2013, 01:38 PM

give them a call

f30nynj · 04-23-2013, 02:12 PM

OK. I called them and here's the answer to my own questions

1) There will be no change in monthly payment.
1a) So next month's payment will be taken care by the excess payment made.

2) If i make the payment within a week post due date, I should be fine.

That's it.

04-23-2013, 09:56 AM	#1
f30nynj Chilling 83 Rep 320 Posts Drives: 2017 F25 X3 Join Date: Sep 2011 Location: NY/NJ iTrader: (1)	BMWFS still auto-deducts payment after making payment I had auto-pay enabled in case I forget to make payment. This month I paid my due in a week in advance and today I found that BMWFS auto-deducted from my account for the same amount. So my question is 1) Will my next month's payment go down since I had made two payments this month? 1.a) If not, can I skip next month's payment? 2) Just curious, what is the penalty for not making payment on due date? Does BMWFS give any grace time? Do they immediately report to credit agencies? __________________ 2017 F25 X3 -> Current 2016 F10 535 -> SOLD 2014 F30 -> SOLD 2013 F30 -> SOLD 2007 E90 -> SOLD
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04-23-2013, 01:28 PM	#2
Mr Tonka is probably out riding. 6058 Rep 2,292 Posts Drives: Something Italian Join Date: Feb 2009 Location: Sweatypeninsula iTrader: (0)	Maybe you should call BMWFS.... ?? __________________ "There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice. -Charles de Secondat"
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04-23-2013, 01:38 PM	#3
FVM3 Major General 273 Rep 5,751 Posts Drives: e92 m3, f30 328i Join Date: Sep 2010 Location: Los Angeles iTrader: (2)	give them a call
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04-23-2013, 02:12 PM	#4
f30nynj Chilling 83 Rep 320 Posts Drives: 2017 F25 X3 Join Date: Sep 2011 Location: NY/NJ iTrader: (1)	OK. I called them and here's the answer to my own questions 1) There will be no change in monthly payment. 1a) So next month's payment will be taken care by the excess payment made. 2) If i make the payment within a week post due date, I should be fine. That's it. __________________ 2017 F25 X3 -> Current 2016 F10 535 -> SOLD 2014 F30 -> SOLD 2013 F30 -> SOLD 2007 E90 -> SOLD
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