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Report: #476834

Complaint Review: American Capital Group - Irvine California

  • Submitted:
  • Updated:
  • Reported By: Idaho Springs Colorado
  • Author Confirmed What's this?
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  • American Capital Group 175 Technology Drive #100 Irvine, California U.S.A.

American Capital Group Lied about lease agreement Irvine California

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I bought a Direct To Garment Printer from US Sceen in Phoenix, AZ. They suggested I finance through American Capital. I did so & soon after found out the loan was transfered to Manifest Funding. The amount was $573 for 3 years. The machine was not made very well. It ran so-so for about 14 months then completely quit. I took it to US Screen to be repaired and they worked on it, charging me about $3000. It never worked after that. This was Feb of 2007. I was getting involved with other owners about doing a class action against US Screen, then they went bankrupt. I told Manifest Funding that the machine I was paying for was gone. Non-existment. They said tough. I paid loan off not wanting to screw up my credit. Now American Capital tells me I have to pay lease payments every month of $573. I was told by the salesman from American Capital that after the machine was paid off the buy out was a dollar or less if the machine was wore out by then. Now they are reneging on what there salesman stated.

George
Idaho Springs, Colorado
U.S.A.

This report was posted on Ripoff Report on 08/05/2009 06:09 PM and is a permanent record located here: https://www.ripoffreport.com/reports/american-capital-group/irvine-california-92618/american-capital-group-lied-about-lease-agreement-irvine-california-476834. 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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