My father was sent a $100,000 pre-approved line of credit from Five Point Capital. After several months he decided to use it to purchase 2 machines. Spoke with Nicole Clouse and dealt with her for all paperwork, etc... The equipment total was just under $100K and he put 2 payments down (a little over $7000.00). Payments were to start in February - the deal closed in December. In mid January he received a bill for interim rent and other miscellaneous charges - around $2800.00 from Five Point. How did we owe interim rent when the deal closed in December, put 2 payments down and payments start in February? Then in February we got the first bill of $3376.20 (from Pentech - the finance company)- not the $3170.00 per month it was supposed to be. Paid $3376.20 for over a year and called to make a payment and they said it was $3500. Asked why the new amount and said that they had forgot to charge a tax from the beginning of the loan - the girl in that department was backed up. FOR A YEAR? So he decided to sell the equipment. Had to jump through hoops to get a pay off - everytime we called they would transfer you to a recording that directed you to leave your name, address, phone and send them a check for $25.00 for a payoff. So I called Pentech and they said we had to get the payoff from Five Point. Finally got a real person to give me the payoff and was shocked at the amounts. He had two options - pay $130,000 and return the equipment or pay $150,000 and keep it. How do we owe more than we paid for it? Especially after making over $47,000 in payments. My guess is they are charging interest up front? And we found it the account was a LEASE, not the LINE OF CREDIT they had said. Of all the leases we've ever had, the payment always went down and you paid the interest due at that time - hence the term TEN DAY PAYOFF. So now we're stuck with 2 machines that we're upside down on and can't trade in or sell, and won't own at the end of the note. This company is as sneaky as they come and crooked to boot. Save yourself the headache and don't touch either of them with a ten foot pole!!!