• Report: #267697
Complaint Review:

LADCO/Global Tech Leasing

  • Submitted: Wed, August 15, 2007
  • Updated: Wed, August 15, 2007

  • Reported By:Houlton Maine
LADCO/Global Tech Leasing
555 St. Charles Dr. Suite 200 Thousand Oaks, California U.S.A.

LADCO/Global Tech Leasing I was sold an expensive "non-cancelable" lease, and when I requested to terminate it, they took funds out of my bank account after I put stop-payment orders on withdrawal. Thousand Oaks California

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I was contacted by phone as a new business owner and was sold a credit card processing machine lease. I found out shortly into the venture that it was not affordable for my very small business and I could get a local company to do the same thing for less than half the price. I contacted LADCO and tried to get out of my lease but was told that it was "non-cancelable" but I could buy the equipment from them at an outrageous price or simply continue to pay for equipment I was no longer using. I returned the equipment to them and put a stop-payment order on my bank account to put a halt on the automatic payments, which cost me a hefty fee at the bank.

Somehow they got around that to take funds out of my account at an even higher payment than I was paying before! I've written letters and talked to customer service people at this company to no avail. They've now sent my account to a collection agency who is threatening to sue me. I don't know what I can do to stop this legal nightmare. If anyone has any suggestions I sure would be open to them.

Houlton, Maine

This report was posted on Ripoff Report on 08/15/2007 11:17 AM and is a permanent record located here: http://www.ripoffreport.com/reports/ladcoglobal-tech-leasing/thousand-oaks-california-91360/ladcoglobal-tech-leasing-i-was-sold-an-expensive-non-cancelable-lease-and-when-i-reque-267697. 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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