Complaint Review: RPSI Inc. Lease Capital Group - Orlanda Park Illinois
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- Author Confirmed
- RPSI Inc. Lease Capital Group 16604 107th Court Orlanda Park, Illinois U.S.A.
- Phone: 512-9472322
- Web:
- Category: Credit Card Processing Companies
RPSI Inc. Lease Capital Group 4 year non-cancellable lease fee to terminate is over $1000 Orlanda Park Illinois
*General Comment: Signing A Lease CONTRACT.
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On July 31, 2006, Marc Robson, senior account executive for Elements Payment Services Inc. came to my business to discuss using his company to process credit cards. After a his presentation I signed a three page "Merchant Application" with him for the credit card processing he had described.
He then added the lease for the terminal, saying it was better to lease than buy so if anything went wrong with the equipment it would be repaired under the lease agreement. He went over the lease in hast saying it was standard. I have had cell phone leases and know that if you terminate the lease early you pay a penalty. This lease is different big time!!!!!!!!! The monthly payments are taken out of my business account and there is no end if you close the business.
Due to family health issues I have had to close my business. When I call to discuss the penalty for early termination of the contract and to find out where I should send the equipment; I was told I could not terminate the contract. It was a non-cancellable lease and I would have to pay it off in full. If I wanted to send the equipment back that was fine but I would still have to pay the total amount for the lease.
I explained the health issues and that I was closing my business and no longer needed the credit card machine. I got a to bad so sad response followed by a you were really stupid for signing the lease. I was told I should have read all the fine print and never sign anything that you don't read.
I was told I would have to pay the lease or else they would take it out of my bank account. If I closed the account they would call a collection agent to get the money.
Is there anything I can do? I will gladly send the machine back and pay a reasonable penalty but I just can't see paying $1500 for something I am not even using. The story that Karen and the other person wrote are exactly like my experience. There has to be some way to stop these people from taking advantage of people who are already overworked and short on the time necessary to read 5 pages of extremely fine print.
I am open to any legal suggestions.
Lillian
New Braunfels, Texas
U.S.A.
This report was posted on Ripoff Report on 11/13/2008 12:31 AM and is a permanent record located here: https://www.ripoffreport.com/reports/rpsi-inc-lease-capital-group/orlanda-park-illinois-60467/rpsi-inc-lease-capital-group-4-year-non-cancellable-lease-fee-to-terminate-is-over-1000-390749. 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 General Comment
Signing A Lease CONTRACT.
AUTHOR: ALEX - ()
SUBMITTED: Saturday, December 20, 2014
In response to your statements regarding your lease agreement. You as a business owner were obviously component enough to sign documents in opening up your business and now your stating you don't agree with the Lease Agreement you signed. Before you ever go ahead and sign any sort of documents, you should always read through the documents thoroughly. Once you sign any documents you are held responsible to the terms of conditions, regardless of whether you agree with the terms or not. I recommend to you going forward to be more business oriented and pay more attention to what your signing to avoid the circumstances your currently in. Blaming your Sales Representative is definitely the wrong thing to do. He's just doing his job. Just be more component next time and learn from your mistake.
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