Complaint Review: Direct Capital Corp - Portsmouth New Hampshire
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- Author Confirmed
- Direct Capital Corp 155 Commerce Way Portsmouth, New Hampshire U.S.A.
- Phone:
- Web:
- Category: Financial Services
Direct Capital Corp Bait and switch Portsmouth New Hampshire
*UPDATE Employee: Response
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I was told by 3 different representatives that the interest rate for the lease I was applying for was 8% and that at the end of the lease, I would be able to purchase the equipment for $1. The interest rate for the lease agreement that was e-mailed to me was 25% and there was no provision for purchasing the equipment for $1 at the end of the lease. Instead, the lease document stated that I could purchase the equipment at "fair market value" at a value determined by Direct Capital.
Each time I pointed out discrepancies, the company would send a new lease agreement for an amount that exceeded the original.
The company's rating with the New Hampshire BBB substantiates all of the claims I have made here.
Mike
Hailey, Idaho
U.S.A.
This report was posted on Ripoff Report on 04/17/2009 07:09 PM and is a permanent record located here: https://www.ripoffreport.com/reports/direct-capital-corp/portsmouth-new-hampshire-03801/direct-capital-corp-bait-and-switch-portsmouth-new-hampshire-444588. 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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#1 UPDATE Employee
Response
AUTHOR: Paul Ringuette - (U.S.A.)
SUBMITTED: Monday, April 20, 2009
Mike,
Sounds like you certainly didn't have a positive experience with us. As DCC has been in this business for the past 17 years this certainly isn't how we've stayed in business and not standard procedure. I'd certainly like to find out how this all came about with the Finance Manager you were working with but will need to know your company name so I can research.
Best,
Paul Ringuette
VP Sales
pringuette@directcapital.com
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