Complaint Review: LEASE FINANCE GROUP LLC - Chicago Illinois
- LEASE FINANCE GROUP LLC 233 N. Michigan Avenue Suite 1800 Chicago, Illinois U.S.A.
- Phone: 888-625-8869
- Web:
- Category: Credit Card Processing Companies
LEASE FINANCE GROUP LLC lease doctoring Chicago,Illinois
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I believed I was signing a 24 month lease for a credit card machine at $48 per month with very low rates. First the rates went up. then after paying for 2 years I found better rates and purchased a machine for $600.
I canceled out and then it started.
The phone calls asking for payment on my 48 month lease. If I asked questions or try to dispute, they would hang up and call back..Sometimes 10-15 times each day.
Finally I got someone to send me a copy of the agreement. I could not believe the document. My signature on a 48 month non-cancellable lease for $50 a month and on a personal guaranty. I have been 20 years in business and have never signed a personal guaranty for any business maters.
I asked to buy out the remaining 24 months they wanted $1862.50. My math would put it at $1200. They told me that I had agreed to buy the machine at the end of the lease and that is why it was $1862.50.
Ok now I'm really feeling ripped off. Pay The exact machine I just bought was $600.00 (omni verifone 3750). The calls continued the threatening letters came every 2 weeks. They finally turned it over to a collection company.
I sent them a letter disputing the charges and they wrote it off.this was June 2007. It is now on my personal credit report as a charge off of $1529.00.
I have tried to get it off with no sucess.
Mike
putnam, Connecticut
U.S.A.
This report was posted on Ripoff Report on 02/21/2009 07:55 AM and is a permanent record located here: https://www.ripoffreport.com/reports/lease-finance-group-llc/chicago-illinois-60601/lease-finance-group-llc-lease-doctoring-chicagoillinois-426816. 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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