- Report: #452084
Report - Rebuttal - Arbitrate
Complaint Review: Ladco Leasing, Wholesale Merchant Processing
Ladco Leasing, Wholesale Merchant Processing555 St. Charles Drive Thousand Oaks, California U.S.A.
Ladco Leasing, Wholesale Merchant Processing, Knut Werpen Buyer Beware, Urgent Thousand Oaks California
*Consumer Comment: You are not alone!!! What can I do to help?
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In my case, I am fortunate due to resources of the people who actually own my business. They have already located the individual and action is forthcomeing. At this point, assuming you, under pressure and having been exposed to deceptive trade practices, signed the paperwork, are in for the ride of your life. You will quickly learn that the processing machine is tied to a lease by which you will be forced to pay 36 to 60 months between $50.00 and a $100.00 per month. For instance, a Verifone processing machine can be purchased for approximately $219.00. Just google "Verifone". However, the refurbished machine that will be sent to you will wind up costing you $3000. to $5000.00. Let's assume at this point you send the equipment back and stop processing, you will quickly begin receiving threatening, bullying type phone calls from Ladco Leasing along with legal demands for full payment of your lease. three to five thousand dollars for a $200.00 machine. They will attack your credit and good name. There is action re two resources forthcomeing.
Stay tuned to this website for updates. I will be meeting with two of the largest class action claims law firms, one is linked to my family. I also am presently in touch with Attorney Generals from three states. one is a client. I also personally met with a high ranking member of the Federal Government recently and he has copies of countless similar stories and actions re these companies. Like I said ,stay tuned.
Vero Beach, Florida
This report was posted on Ripoff Report on 05/15/2009 01:30 AM and is a permanent record located here: http://www.ripoffreport.com/r/Ladco-Leasing-Wholesale-Merchant-Processing/Thousand-Oaks-California-91360/Ladco-Leasing-Wholesale-Merchant-Processing-Knut-Werpen-Buyer-Beware-Urgent-Thousand-Oa-452084. 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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