• Report: #951341

Complaint Review: Northern Leasing Systems, Inc.

  • Submitted: Fri, October 05, 2012
  • Updated: Thu, November 08, 2012

  • Reported By: Anonymous — Big Bear Lake California United States of America
Northern Leasing Systems, Inc.
132 W 31st Street 14th Floor New York, New York United States of America

Northern Leasing Systems, Inc. Wants Settlement to discontinue $42/mo lease for a $99 product. Have already paid approx $1200 for this product. New York, New York

*Consumer Suggestion: How do you fight companies like this

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My credit card processing company, Transfirst in Colorado, called me in June 2009 to tell me that my current processing terminal was outdated and that I need to update to a current terminal to prevent hacking. By law, they said.  They offered me a monthly lease for a terminal that they said cost over $2000. I signed up for a 48 month lease at $34.98/month (the rate has increased to $42/month since then).  Recently, I switched to anopther credit card processing company because of my outrageous rate of Transfirst. The new company offered me the SAME terminal for a total cost of $99.  When I called Northern Leasing to send the terminal back and discontinue the lease, they wouldn't budge, stating I had nine months left and must pay a settlement of $310. Crazy.  How do I stop them from ripping me off more than they already have?

This report was posted on Ripoff Report on 10/05/2012 01:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Northern-Leasing-Systems-Inc/New-York-New-York-10001/Northern-Leasing-Systems-Inc-Wants-Settlement-to-discontinue-42mo-lease-for-a-99-pro-951341. 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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#1 Consumer Suggestion

How do you fight companies like this

AUTHOR: They Get Away With It - (United States of America)

How do you fight these types of companies that prey on small businesses.  The merchant company they associate with is also a complete SCAM, and judging by the number of complaints just on this site, there must be someone that can shut them down.

Don't ever do business with companies like this. 
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