Retriever Payment Systems Did not disclose that this was a non canceable lease Vanceboro North Carolina

I was talked into leasing a credit card machine for my sign business that I had just started up in 2007. The salesman led me to believe that this was a really good idea for to help my business grow. I was referred by someone locally who had already purchased a machine from him. I told him that I was running low on funds and that my business was not up and running good at the time, he persisted that I needed this machine in order to compete with other shops in the area. So I decided to take the chance.

Well about 4 months later I had to close shop due to bills out weighing my income. So I closed to keep from being in debt to much. At the time that I leased this machine the salesman, promised me that If something like this happened that he would help me to find someone (another sucker) to assume the lease. Well I have called him several times and he has not held up to his promise. I have tried to get people to take it over and they say the rates are to high. I called them and after an act of congress, I finally got to the right place. They tell me that I have to continue to pay or transfer to someone else for $100. I called back again yesterday and the lady said that I still owe $450 plus $119 at the end of the lease to own the machine. I asked her what would happen if I was to send it back, could they still make me pay, she pretty much said that yes and they would harrass me until I did pay. But she did not know the answer when I asked her would it go against my credit. She was dumb founded to the question. I have excellent credit but I am sick of giving them $29.50 every month.

When I closed my business I closed that checking account that I had authorized them to draft the money from. So they started sending me a statement and I would send them a check for payment. Do you know that they then started drafting my personal account for the $29.50 without my authorization. How can they do this? So here I am 2 years later still paying for the machine that I used once. What rights do I have? Can I get out of this? Will it hurt my credit if I send it back? It does not show on my credit report at this time.

Kim
Vanceboro, North Carolina
U.S.A.