• Report: #676503

Complaint Review: LFG LEASE FINANCE GROUP, LLC

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  • Submitted: Wed, December 29, 2010
  • Updated: Sun, January 02, 2011

  • Reported By: Nancy — Dublin California United States of America
LFG LEASE FINANCE GROUP, LLC
65 E. Wacker Place, Suite 510 Chicago, Illinois United States of America

LFG LEASE FINANCE GROUP, LLC Unknown FRAUD, MISLEADING IN THE EXTREME, BEWARE!!! Chicago, Illinois

*General Comment: LFG FRAUD

*Consumer Comment: Change your Bank account

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We are a small Book Publishing Business. In July 2005, we started accepting credit card payments through a company called Retriever aka NPC. Our sales rep arranged a credit card terminal.

We were to pay monthly for this terminal. The monthly payments of $39.00-$46.00 were automatically deducted by a company called LFG or Lease Finance Group, LLC. The term of the contract with LFG was 48 months.

January 2010, we contacted LFG, via fax, letter, and phone, to ask why LFG continued to take monthly deductions from our bank account. No Response from LFG.

On February 1, 2010, we finally got an LFG rep on the phone. This rep said our LFG mo. payments would continue indefinitely, unless we formally cancelled 'in writing'.

On Feb. 1, 2010, we sent a letter to LFG, via fax and mail, to state we expected all monthly deductions to 'cease'. LFG also stated we had to pay $250 to stop deductions. We agreed to allow LFG to deduct this amount to end this relationship.

In the meantime, I contacted our rep with Retriever-NPC, who claimed LFG is a separate company, and he had no control over LFG. This rep acknowledged other NPC customers had 'issues' with LFG.

LFG has continued to deduct the same amount from our bank, without any confirmation of our formal letter. In August 2010, we mailed a certified letter to LFG. LFG signed for this letter. Still, No Response from LFG. Deductions continued.

In November 2010, we asked our bank to put a hold on all LFG deductions. Now, as of Dec. 28, 2010, a collection-demand notice was received from LFG, claiming we owe for two months, at $46.59 per month.

Yesterday, Dec. 28, 2010, we spoke with LFG on the phone. LFG claims the only way we can cancel our contract (although the 48 months expired July 2009), is to comply with difficult to understand, small print in the contract signed July 2005.

LFG claims we must pay $46.59 indefinitely, if we do not comply. All we were told by our rep, and what the contract shows is to pay for 48 months. This would be from July 2005 to July 2009.

This terminal isn't even working now. It is very cheaply made. We never made an issue of this. We paid the monthly payments as required. Now, LFG says we must continue to pay, unless we can figure out legal terminology in this contract. Our credit card company says we are on our own, even though our rep arranged this contract.

Help!

Helen

Dublin, California, USA


This report was posted on Ripoff Report on 12/29/2010 02:38 PM and is a permanent record located here: http://www.ripoffreport.com/r/LFG-LEASE-FINANCE-GROUP-LLC/Chicago-Illinois-60601/LFG-LEASE-FINANCE-GROUP-LLC-Unknown-FRAUD-MISLEADING-IN-THE-EXTREME-BEWARE-Chicago-676503. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 General Comment

LFG FRAUD

AUTHOR: Steve - (USA)

That's Horrible. You paid off your lease and still they are charging you. Don't Pay them, if you pay they will charge you for forever. Take all your money, close your account and open a new account. File a compaint to Chicago AG Lisa Medigan. She has helped lots of people to get out of this.

Join Facebook (In search box type Lease finance Group Scam) for more helpful information. Call D'anned Burley Radio Show at 888-774-1432 she is very helpful and has several postings about LFG Coplaints (do google search). This will make our case stronger to fight against LFG. Don't Give Up

LFG has todie soon since there are lots of compaint and a class action law suit filed. I have no idea why these crooks are still in the business?? i guess they have connection and protected by bigshots??

Last choice is you may want to contact a Lawer.NameMaunice:(((Redacted))) who has helped one of the LFG victim to get out of this

I am also filing compaint to Chicago AG and BBB. my email address is (((Redacted)))

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#2 Consumer Comment

Change your Bank account

AUTHOR: Subman - (U.S.A.)

Change your bank account and they can't steal your money anymore. These crooks are horrible. Call a lawyer (mine said to ignore letters and phone calls). They will threaten you with a lawsuit. They tell you that you have to go to Chicago or New York t appear which is false. I have been dealing with these creeps for almost a year now! Good luck. Facebook has a class action law suite group.

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