• Report: #110950

Complaint Review: Preferred Lease Or Preferred Capital

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  • Submitted: Thu, September 30, 2004
  • Updated: Thu, December 02, 2004

  • Reported By:Anaheim California
Preferred Lease Or Preferred Capital
5 Hutton Centre Drive, Suite 1200 Irvine, California U.S.A.
  • Phone: 714-210-7454
  • Web:
  • Category: Loans

Preferred Lease - Preferred Capital Rip-Off Deceptive, missrepresentation, verbally abusive Irvine California

*UPDATE Employee: Customer Service

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In November of 2003 we sold a $10,000 machine to a company in Utah. Our customer went through Preferred Lease for the loan. The loan was approved, and we received the purchase order from Preferred for the machine.

The customer came to our office and picked up the machine. It is now August of 2004 and we still don't have the funds. Preferred refuses to take our calls and or emails.

We finally had to reposess the equipment. But we now have a used machine that is not worth 10K and we have the expenses of having the machine picked up, and the customer never received their deposit back from Preferred

Preferred was so eager to get our leasing business they lied to us and told us that many clients were approved for leasing. Luckily we only delivered one machine before we found out the true nature of this company.
Businesses BEWARE!

Anaheim, California

This report was posted on Ripoff Report on 09/30/2004 07:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Preferred-Lease-Or-Preferred-Capital/Irvine-California-92707/Preferred-Lease-Preferred-Capital-Rip-Off-Deceptive-missrepresentation-verbally-abusiv-110950. 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 UPDATE Employee

Customer Service

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

Preferred Lease would like to respond to this report and are requesting facts that have been reported in order to compile a response. The report does not mention a business or customer name and therefore makes it impossible to accurately respond to this complaint to ensure customer satisfaction.
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