Report: #102159

Complaint Review: Preferred Capital

  • Submitted: Wed, August 04, 2004
  • Updated: Wed, August 04, 2004
  • Reported By: Flushing New York
  • Preferred Capital
    6860 West Snowville Road Suite 110
    Brecksville, Ohio

Preferred Capital - One of Norvergence's leasing companies that bought our lease Brecksville Ohio

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Preferred Capital bought my lease from Norvergence. They, along with other leasing companies funded Norvergence's scam.

They paid Norvergence for supposed "equipment" that isn't worth the amount of the lease. Now with Norvergence out of business, and none of us getting any service, Preferred Capital and other leasing companies are still demanding payments for the equipment.

Why would Preferred Capital pay Norvergence, who at the time was a debt-ridden company, way more than the equipment was worth, unless they had intent with Norvergence to defraud the customers?

Flushing, New York
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This report was posted on Ripoff Report on 08/04/2004 03:14 PM and is a permanent record located here: 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

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