On August 11, 2011 a representative from Payment Systems came to my store to offer a credit processing service, assuring a reduction in cost by one half the amount Wells Fargo Bank charges. The agreement was a flat rate of $99.00 per month on all ATM card purchases if I accepted to sign up for a 48-month lease agreement. After I signed up with them and after receiving the first and second statement, I noticed that the overall charges were higher than the previous processing company (Wells Fargo), contrary to the agreement.
I tried to contact the representative and/or someone in the company to explain the charges and to provide me with online access to my account with them. After many attempts, I was informed that they will email me with a password to get access online to check my statement. This never happened and they never answered my calls after that to assist me or answer my inquiries.
On January 10, 2012 I faxed a cancelation notice and a request to send back their equipment. Then I tried several times to contact them to assure delivery of the fax to no avail. On January 24, 2012 I talked with Lilia from the Los Angeles office and she asked me to resend the cancelation notice again, and informed me she would get back to me once she received it. She never contacted me to let me know whether or not she received the fax, or with the outcome of her decision.
I have received several bills from Lease Finance Group to pay the monthly charge of $99.00 plus late and finance charges for non-payment. I have received many calls and threats to pay the full lease amount which I forwarded to Parker* Stanbury attorneys at Law. I explained the events and the attorney sent a letter to void the lease due to misrepresentation and fraud. Lease Finance group never stopped harassing me on the phone at all hours, which drove me to offer a settlement, and to clear my credit report from the negative remarks they reported. Another attorney contacted the Lease Finance Group, account manager to offer settlement instead of threatening to sue me in New York, in addition to the costs associated with fighting a law suit. The account manager insisted on collecting the full amount including finance charges under threat to file a case in New York forcing me to pay.
My latest Attorney advised me to submit a complaint to the Attorney General of the State of California after collecting information in regards to Lease Finance Groups negative dealings in California and Arizona.
I am looking forward to fighting this companys unfair and fraudulent representation, in addition to voiding the agreement based on their misrepresentation.