Consumer complaint received 2020-04-22
Product: Credit reporting, credit repair services, or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: HYUNDAI CAPITAL AMERICA (MD)

In XX/XX/2019, I purchased a vehicle from a Hyundai Dealership in Maryland. I initially was going with Hyundai Motor Finance ( HMF ) for the loan. However, I chose to go with a different financial institution. Toward the end of 2019, I began receiving statements from HMF which I took as an error. I then began receiving notifications from XXXX  that HMF reported that I was 60-120 days past due on the payment on a loan I never had. I contacted XXXX  twice to dispute these charges. The first time XXXX  did not find in my favor which baffles me as I provide all the information required. Furthermore, if they looked at the VIN numbers for the XXXX  XXXX Loan and the reported HMF Loan as I suggested, they would have seen that the numbers were the same. Therefore, that should have alerted XXXX  that there was an issue. When a consumer has to go through what I have been through because of these large companies, it does not give the consumer much faith in the creditors. 

I contacted HMF but I was only able to speak with the collections department. The first person I spoke with was very rude and told me to contact the credit bureau to straighten it out. I called again and spoke to someone else in collections and they recorded the situation and said she was escalating it to another department. The " other '' department was then going to call me to rectify the problem. Needless to say, I never received a call. 

I then contacted the Hyundai Dealership management and the general manager and finance director also made several attempts to rectify the situation as well but did not get far with the Hyundai XXXX. The XXXX even told the finance manager that I would receive an AUD number that could be shared with creditors. The AUD number was to inform the creditors that there was inaccurate information ( I believe ). I never received this information either. The dealership provided me with a timeline of their communication to HMF about not funding the loan. The timeline began back in early XX/XX/2019. There was additional talk about a check being sent to me from HMF, which was never the case.

The fact is HMF processed a loan in my name on this vehicle that was already financed through another financial institution. HMF has falsely reported statements to the credit bureaus. HMF has caused me stress and anxiety and increased XXXX episodes. HMF has caused my credit score to take a huge hit and reduced my credit worthiness significantly. 

Ive recently received a letter from HMF stating my account had been reviewed ( my second request ) and found that there was an error and an update would be sent to the credit bureaus in 30 to 60 days for the corrected information to reflect on my credit report. It took them one day to damage my credit and I dont feel it is fair to allow a company to place false reports and just walk away without some repercussions. They're actions had an adverse reaction to my livelihood and HMF shouldn't be able to say oops and walk away.