Lease Finance Group (LFG) Payment Systems Lease Finance Group LLC & Payment Systems Corp - Unethical and fraudulent! New York, New York

I've had the same experience with this company. My small claims court date is next month, but would love to see these guys out of business. Please contact me at (((ROR redacted))). Thanks!  Mike

I would like to make contact with you as I have had the same situation occur with me and am interested in joining a class action lawsuit.

Hello

I was so upset when I realized that I was supposed to have been on a 3 year term, the representative that came into my store advised that I return my machine back to my bank and buy one with her from Monex group.  I signed up and encouraged my neighbor to do so as well.  After running my business, paying my monthly fees and service charges, 7 years later I realized I was not contacted, a letter was not send that I own my machine as their agent advised.  I contacted Monex group and they advised that I would have to contact LFG? But I signed up with Monex Group, contacted LFG, for seven years they got $24.18 every month no bounced payments, etc.  I was told by LFG, that I could own it for a cost of an additional $250.00? So I was so upset, I let them know my concerns and that they and Monex lied to me advising that I would outrightly own my machine in 3 years, the representative went on to say that it was my responsibility to contact them after 3 years, not their responsibility to do so? What an outrage! I was so upset, so they advise that if I can pay that now, the machine would be mine however there was a kicker...If I buy the machine outright and anything happens to the machine, I am on my own? What? After paying an additional 4 years of $24.18, they could not even get a 2 year compensation in case the machine does not work? So they advised that I should stay with them for an additional year and a half and then buy it out of $79.00.  Now this month of June 2013, apparently the payment actually bounced, got a couple calls from LFG and they are demanding the payment that was reduced to $20.79, that when can I make payment.

 Furthermore, I had a failing out with Monex for they wanted to charge me big fees some 2 years ago and I cancelled all services with them, so I basically have the machine but haven't used in that 2 years, so in speaking with the respresentative at LFG, he advised that the contract is up in July 2013 and if I want to buy it out, it will cost me an additional $150.00 or if I do not want the machine, that I must give it back to them? WHy does the government allow fraudsters such as LFG and Monex Group to rip off small businesses, like this? WHy? I will be calling and escalating this to upper management for I do not see as being fair for hard working self employed people, who are just trying to get buy and support themselves and their businesses.

Disgruntled business owner in Toronto, Canada

It is an outrage....If some can fight my case to get back a fraction of my money, I would be eternally grateful!

I have also been affected by payment Systems. Today I got another 1000.00 taken from my account for fees. I have tried everything possible to reason with this company, they are evil and need to be stopped. Any one know of a law suit that is active?

Hi, to you who has been sued in NY court, I spoke to the NY AG handling the case against LFG and all the various shell companies that they operate under.  You do NOT have to appear in court physically, she told me you CAN APPEAR BY PHONE.  You will need to contact the court clerk to set it up.  You should write a letter to the NY AG detailing your situation and also giving your phone  number.  

File a complaint with the FTC, the FBI, and your state's consumer fraud unit.  My client was about to get sued in NY court (we are in CA) and we basically paid to have them postpone so I could attempt to settle it.  We offered a very generous settlement like 50 cents on the dollar of what we owed, but there was negotiating.  Ultimately, my client paid out a sum of money in exchange for a Release.  The good news is that in this Release that you will get you are not waiving any of your rights to sue them, become compensated as part of a class action and so forth.. So, if you pay to get them off yoru back and get your credit back, consider it hopefully something you will recoup.

I have talked to several government contacts at places like the FTC and they said when you file your complaints do it in a way that sets forth proof they LFG have committed a crime of fraud or whatever.  Google the elements of the crime and set it forth.  ALSO if there are enough of these situations, you should start looking for law firms who will take this case as a class action on a contingency basis against these crooks.  There just needs to be someone to organize everyone against them.  ALSO the case in NY court is limited to issues of accounts being debited after the contract had already expired.  SO the more letters they get of additional fraud, the more likely they can go after them for MORE 

Write your letters to the NY AG.  Consider Settling your claim with LFG, get the release, and then go after them.  That is what I advise. Good luck

Im in my way to fight these frauds. Got my credit report screwed by them. Got it reported to CA, IL and NY general attorneys but wouldt help much. CA GA said they wouldnt resolve business business issue, IL n NY attorney couldnt help much except keep it for record. FTC logged it in and no answer from then.

I have the trial day in April 2013 and I have to travel all the way to NY from CA to defense myself. However, I m filing in a small claim court a counter claim in California trying to get these frauds to California for the damage they had done to my Credit report. I dont hope to win but try to get them to go all the way to California to defense themself. The same tacti that they used against us. Let s see how it turns out. I ll update.

Any suggestion will be appreciate. We need to find a way to help everyone to fight these crooks off.

In April 2012 the NY Attorney General filed a law suit against a company called Northern Leasing and it's affiliates including Lease Finance Group LLC.  Call this number 1-800-771-7755 it is the NY Fraud Hotline, but refer to these groups and they will forward you to someone working on the case.  Additionally, there are at least 2 class action law suits happening now.  LMK if you learn more.

I have made several attempts to cancel my account with this company as well without any success. I sent a cancellation letter in May and the account is still active.  I filed a complaint with the California attorney general and I got a letter back stating that this is something they don't handle.  I also spoke to Lilia and she told me that my cancellation letter is being reviewed but yet six months later nothing has been done and my account is still being debited. I don't know what to do anymore at this point.  I spoke to an attorney and he told me that this was something that would be handled in small claims so I would have to take care of it myself and fight them back with the negative background the company has racked up.  He said to cause them problems and expose them by calling a local t.v. network, the BBB, the Federal Trade Commission, and the California AG. If you find and successful way of dealing with this company please post it up, I would greatly appreciate it.

I noticed that you are talking to an attorney and filing a complaint with the Attorney General's office.  I would love to be in touch with you as my client is in a similar situation and we are looking to see who else is out there dealing with this horrible company in California.

Thank you