• Report: #913071
Complaint Review:

Ladco Leasing

  • Submitted: Mon, July 16, 2012
  • Updated: Mon, July 16, 2012

  • Reported By: Macy — Benton Arkansas United States of America
Ladco Leasing
7300 Chapman Highway Knoxville, Tennessee United States of America

Ladco Leasing Elavon Merchant Services Recent News Release District Attorney, County of Ventura, Calif files court action against Ladco Knoxville, Tennessee

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

just posted under Elavon Merchant Services Review & Complaints this info:
The District Attorney's office of Ventura County California, recently announced the court's ruling in their civil law enforcement action against Ladco Leasing and Elavon.  Here is the website to the press release.   http://da.countyofventura.org/12-030.htm    
My story is almost the same as written by Anthony Q - Pawling..extremely small business trying to set up CC procesing, bank sent rep whom I assumed worked for bank, had me initial an authorization to begin service as to the type of equipment, never mentioned non cancellable lease or any fees. The letter from Ladco Lease letter I received after the fact said that all the terms and conditions of the lease are contained in the Terms of Service, located on their website. (51 pages).

After six months of automatic withdrawals from my bank account for all kinds of fees taking 81.5% of what I had taken on CC's, I closed my bank account and returned the equipment after trying to resolve the 48 month non-cancelable lease. The previously friendly sales rep, became very unfriendly and stated that "if you try to dodge this fee, it will be turned over to collections and we will ruin your credit".  And that is where exactly that I am now...the C.D.R.S. Inc in Santa Clarita, Ca has sent letter stating I now owe $2,355.64.
So reading this news release from the District Attorney, County of Ventura, California which states that Ladco and Elavon must pay $418,601 in civil penalties, restitution and cost recovery to the Ventura County DA office is very comforting. If you have not read this, please do so.

This report was posted on Ripoff Report on 07/16/2012 09:49 PM and is a permanent record located here: http://www.ripoffreport.com/reports/ladco-leasing/knoxville-tennessee-37920/ladco-leasing-elavon-merchant-services-recent-news-release-district-attorney-county-of-ve-913071. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Click Here to read other Ripoff Reports on Ladco Leasing

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?