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Report: #1256960

Complaint Review: es equipment finance - Norwalk Connecticut

  • Submitted:
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  • Reported By: Art Chap — DALLAS Texas USA
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  • es equipment finance 50 Washington St Norwalk, Connecticut USA

ES Equipment Finance & North Mill Equipment Finance Predatory Lenders Norwalk Connecticut

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Predatory lending practices designed to cheat the honest working man out of the equipment that they are trying to pay for. High interest rates along with balloon structured pay-offs make it nearly impossible to complete the loan even after full term of on time payments. Finding out something as simple as a pay-off is difficult and even then no interest is deducted from the pay-off amount. Early payment penalties are put into place and the worst thing of all I've ever heard is the balloon payment which in my case is $4500 due at end of 30 month term, but if payment is not received in full then your monthly payment will continue until you can pay it in full even though you've completed your contractual obligation outside of the balloon payment. Please brothers and sisters out there if you're looking for a finance company to get you on the road trust me this is definitely not the one. They've changed their name from ES Equipment to North Mill Equipment finance due to backlash. Try other options.

This report was posted on Ripoff Report on 09/24/2015 12:18 PM and is a permanent record located here: https://www.ripoffreport.com/reports/es-equipment-finance/norwalk-connecticut-06854/es-equipment-finance-north-mill-equipment-finance-predatory-lenders-norwalk-connecticu-1256960. 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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