• Report: #378131
Complaint Review:

Mbfl Leasing/ Vericomm

  • Submitted: Fri, October 03, 2008
  • Updated: Fri, October 03, 2008

  • Reported By:Colden New York
Mbfl Leasing/ Vericomm
132 W.31 St. 14th Floor New York, New York U.S.A.

Mbf Leasing/ Vericomm I was lied to and ripped off by Mbf and Vericomm California / New York New York

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About one year ago I foolishly switched my credit card processing service. Previously I had owned my equipment. I was told it needed to be updated and they could save me all this money. A representative from Vericomm set me up with Mbf and Ipayment. I was told the lease was 29.95/mo. for two years and that if I didn't want to be charged during the months we were closed it would be just a little higher. I have been charged $70.64 for 12 months.

Last October, only two weeks into this agreement, which was actually for 48 months, I could see it was costing more not saving. I immediately tried to terminate this agreement. No one wouldl talk to me or answer my phone calls. The best I could do was switch the card processing service back to my previous processor, which they charged a $350 termination fee.

My lawyer has advised me that this is not a fair debt. I was mislead as to the fees and the terms. I have put a stop payment on the equipment lease charge.

Colden, New York

This report was posted on Ripoff Report on 10/03/2008 04:46 AM and is a permanent record located here: http://www.ripoffreport.com/reports/mbfl-leasing-vericomm/new-york-new-york-10001/mbf-leasing-vericomm-i-was-lied-to-and-ripped-off-by-mbf-and-vericomm-california-new-yo-378131. 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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