Report: #950281

Complaint Review: LeaseSource LLC- LSI LLC - New York New York

  • Submitted:
  • Updated:
  • Reported By: AURORA Colorado United States of America
  • LeaseSource LLC- LSI LLC 132 W 31st Street #1320 New York, New York United States of America

LeaseSource LLC- LSI LLC Northern Leasing Systems aka LeaseSource Inc. Fraud !! New York , New York

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March 2007  I had signed up with this company to lease my credit card machine with Lease source. The guy who signed me up had to take the paperwork with him when he left and came back a few days later saying that i was missing information. After about a week i had to call to request a copy of the lease. a few months later I noticed that they were taking out alot of money and that the rates were way more than i was even making. Fees here, fees there and they  had signed me up for a 4 year lease term. I was just starting my business in June 2007 and only had a year lease for my space. I would not have signed up for a four year lease. I called the company and informed them that i would be sending them back their equipment. I sent back the equipment and they threatened to continue to take money from my account unless i paid the buyout costs and termination fees. I called the rep who originally signed me up  and he no longer works with them because he said himself that they were a "bad company". He didn't tell me much more about it but he did apologize. 

Fast forward five years and now i a formal complaint from them against me for thousands of dollars. I had received many letters from them demanding payment with all different made up amounts. Every person i talked to said that they would look into and get back to me. Surprise Surprise..No call backs ever! Now i see tons of complaints all over for the same company with all the same problems! Do NOT use this company! 

This report was posted on Ripoff Report on 10/03/2012 11:36 AM and is a permanent record located here: https://www.ripoffreport.com/reports/leasesource-llc-lsi-llc/new-york-new-york-10001/leasesource-llc-lsi-llc-northern-leasing-systems-aka-leasesource-inc-fraud-new-york-950281. 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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