CIT Aka Lease Finance Group ripoff fraudulent, dishonest, unprofessional, practice These sales tactics need to be stopped. Chicago Illinois
I purchased a credit card machine for my hair salon. The salesman did not give me the lease to sign. He had me to sign a paper saying that I agree to pay my monthly payments. That paper happen to be the front of the lease. He led me to believe that I would own the machine after term of lease for $600.00 (Not True) Machine was $1600.00
I did not know that I would have to pay a percent off each transcation, and also buy insurance for the equipment. When questioned about the different terms that was told to me by friends the salesman stated that he thought I was aware of this, because the business next door had the same machine. I was told that I could not break the lease, because they claimed I signed a lease agreement. At that time a copy of the lease was sent to me.
After reading the lease I send the machine back to the company within 30 days. Lease Finance harrassed me for months. Making statements like I must can not read, because I signed the lease, and they want their money. Now I am trying to do everything to get this off my credit report. The company updates the account regular causing my beacon score to lower. These sales tactics need to be stopped.
Steele
Panama City, Florida
U.S.A.
1 Updates & Rebuttals
Gloria
Cottonwood,California,
U.S.A.
File your Report with FTC
#2Consumer Suggestion
Tue, June 29, 2004
Hi,
You may want to sent a complaint to FTC (Federal Trade Commission) . I did and received a response saying they don't do individual cases. However, if they log enough complaints, they will start an investigation and possibly legal action. So here is the link: https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01 to the FTC complaint form. I've told many people about it, so you may want to do the same. Make sure you give specific examples or even let them know you have documentation of deceptive or misleading information. Also, if possible, please scan & send copies of these documents to me at [DELETED]. I haven't given up, but it does take a while for the squeaky wheel to be heard.
As far as CIT, here is their main site: http://www.cit.com/main/default.htm . Also, within this site, I found e-mails and have sent copies of my rip-off report, including a copy of all the complaints listed under Lease Finance Group in the Rip-Off site. Here are some e-mail addresses, you may want to send your concerns to: investor.relations@cit.com, corpcomm@cit.com, directors@cit.com,
I did get the Rip-Off Report Do-It-Yourself Guide and it did have some good steps to follow. However, it was a little lacking in the cyberspace rip-offs. I've been paralleling the thoughts or ideas in this Guide to try to apply them to the internet. For example, instead of sending faxes, send e-mails. So every web site I am interested in, I look for e-mails and make up a group listing & start bombarding them with e-mails and include my rip-off report, plus any other rip-off concerns.
I hope this helps. Thanks, G for California