• Report: #427940

Complaint Review: Lease Finance Group - LFG - Newcourt - MBF - Northern Leasing Systems, Etc, Etc

  • Submitted: Tue, February 24, 2009
  • Updated: Tue, February 24, 2009

  • Reported By:Chino Hills California
Lease Finance Group - LFG - Newcourt - MBF - Northern Leasing Systems, Etc, Etc
233 N Michigan Ave, Suite 1800 Chicago, Illinois U.S.A.

Lease Finance Group - Newcourt - LFG - MBF - Northern Leasing Systems Etc, Etc Company has repeatedly automatically renewed my lease and charged my bank for over 10 years to the tune of over $7000 for a terminal worth less than $400. Now they can't find my original contract to send me a copy Chicago Illinois

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I entered into a lease agreement approximately 10 years ago with this company which at that time was called Newcourt LFG. To my knowledge the company has used over 20 aliases with hundreds of complaints filed against them over the past several years.

I evidently signed a contract with them approximately 10 years ago and was unaware there had been an ongoing automatic debit from my bank account of $ 62.70 per month which has amounted to over $7000 totally for a piece of equipment worth less than $400. The company it appears issues a 48 month lease and does not notify when the term is up, but instead automatically renews the lease.

I do not recall signing anything regarding my agreement to automatically renew the lease without notification and have requested a copy of my original contract, which has been ignored. I have read other complaints which alledge that there is originally a one page contract that is signed at the onset of the lease and other unsigned pages are added later.

I notified the Better Business Bureau, and after their second contact attempt, LFG notified them they could not locate my lease account unless they had my lease number, Social Security number and the business name on the lease. this is strange to me as they send statements to the business address which was used since the inception of the lease and the lease number is on the statement

I have since retired, and sent the terminal along with notification ofmy retirement to them and it was returned. I am now being threatened with being placed in default and being turned over to collection

Chino Hills, California

This report was posted on Ripoff Report on 02/24/2009 11:56 AM and is a permanent record located here: http://www.ripoffreport.com/r/Lease-Finance-Group-LFG-Newcourt-MBF-Northern-Leasing-Systems-Etc-Etc/Chicago-Illinois-60601-5802/Lease-Finance-Group-Newcourt-LFG-MBF-Northern-Leasing-Systems-Etc-Etc-Company-ha-427940. 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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