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Ladco Leasing ripoff dishonest fraudulent billing Thousand Oaks California
I started my own home based business as being a distributor for a health company. My business was going good and the money started coming in, but I would sometimes have to wait for payments with some of my customers. So, I decided to look into using a credit card machine. I contact a card service, which they in turn hooked my up with Ladco Leasing. Not realizing it at the time, I had to pay the card service plus Ladco Leasing for the machine.
The payments was taken out of my business account for the machine at the cost of $34.25 a month. Well, after a while, my business started going down hill. I discontinued the card services without any problems, but as for Ladco Leasing, I was in a contract for 48 months. To me there was nothing I could do. So, I continue to pay the fee of $34.25 a month. Then in August of 2004, I closed my business account and Ladco Leasing contact me about payment. I told them I would just start sending payments by check...no problem...NOT!!
From September of 2004 til May of 2005, I have faithfully sent in my payments each month. But in June 2005, Ladco Leasing has add $5.00 charge to my bill for MANUAL BILLING!! Now, when I talked to them back in September about just paying by check, there was nothing said about an extra charge for billing. And for about NINE months, I never got charge that extra $5.00!! I have excepted the payment of $34.25 a month for a machine I don't even use, but why should I get charge $5.00 extra for billing when it doesn't cost that to simple mail out a bill!! I haven't paid the $5.00 for manual billing and now they are saying they may report information about my account to the credit bureaus.
It's just so stupid to get charge extra money for billing when even on the back of their billing statement they have "FOR YOUR CONVENIENCE WE ACCEPT" to make payments by credit cards! It's my choice on how I want to pay my bills. And with things that go on today, I don't want to given out any information about my personal bank account to anyone. Pay a bill by check, money order, credit card or automatic payments...it's all the same...the bill is still getting paid!!
Amy
Emporium, Pennsylvania
U.S.A.
3 Updates & Rebuttals
Kathleen
Phoenix,Arizona,
U.S.A.
Hi Amy - I already got involved with these psychos, back in 2002
#4Consumer Comment
Wed, March 07, 2007
Too late I already got involved with these psychos, back in 2002 I was trying to start a fertilizer business I wasn't even started up yet with my business until all of a sudden they call asking me to buy their credit card machine well actually it was their partners in Arizona called Merchant(something) I told the guy on the phone named Ricard Kulmann or whatever his affiliation to these chumps that I could not afford it and I don't want the machine but he kept on going on with selling this machine I didn't want. and then somehow he wormed his way in sending some other chump over to my house named Al who is bald and got some sinus infection. yuck anyway he comes over trying to be nice and then somehow I get tricked into getting in this mess of owing $2,395 to Ladco Leasing, something I didn't want and couldn't afford. and they took out money from my account too so now I owe Compass Bank money too,thanks to them. They took out $324.07 and then 197.00 but in the Compass Bank I only had a total of $147.00 in a account that I closed back in 2002. what a bunch of crooks. and this Mary Schiender person calls me threatening to make me pay them but I only paid $209.18 minus the $2395 they want. so if some other debt company comes after me which I know they will. they will only get $2185.82. not the whole total because I already paid Ladco $209.18. sorry Amy for your problem.
Amy
Emporium,Pennsylvania,
U.S.A.
Ladco Leasing Had to refund my money
#4Author of original report
Wed, December 14, 2005
On Nov. 14, 2005, I reported to my bank about Ladco Leasing taking out money from my personal bank account without my permission. Ladco Leasing had to replace the money they illegally took from my account and they did. I returned the machine to them, but still haven't gotten back the signed slip stating they have received the machine. But they sent a letter stating that "while returning the leased equipment may reduce your liability, it will not terminate your lease agreement." They have also stated if I do not pay the amount of $212.29 that is past due with 10 days they will assign the account to an attorney or agency for collection. And at this time they will accelerate the remaining balance of $803.80, including all taxes and charges due.
So, if they want to get a lawyer, I will took. Cause they went into my personal bank account with out any permission from me and I had knowledge that they did until a month after. They took my checks that I made payments to them and used my checks to break into my bank account. This company is beyond rip-offs. They are the worst company I have ever dealt with. And believe me I have dealt with other companies who were more understanding then these people are and FAIR. Don't ever get mixed up with Ladco Leasing.
Amy
Emporium,Pennsylvania,
U.S.A.
Ladco Leasing took money out of my bank account without my permission
#4Author of original report
Mon, November 14, 2005
UPDATE:As of November 14, 2005...Ladco Leasing has broken into my personal bank account and has twice helped themselves to my money. I got my bank statement on Saturday, November 12 and saw that Ladco Leasing took out over a $100.00. I had been only paying them by check, but I stopped paying them after they kept adding on the $5.00 MANUAL BILLING FEE, so I never paid for the manual billing, so they in turn slapped on a $7.50 LATE FEE for the $5.00 manual billing fee. They even called me at my home and told me that my bill was still over due for August, but it wasn't...I paid it. According to them, it was overdue only because of the manual billing fee that they decided to add to my orginial bill. So, I just stopped paying them all together. So, here comes my back statement and there is a payment to Ladco Leasing for over $100.00. I never gave them permission to go into my bank account. They used my checks from the past to break into my account. I went straight to the bank today and found out they also did it again just this month for Nov. for a payment of $66.00. I received the billing statement from Ladco Leasing with this amount and there was a $20.00 RETURNED ITEM FEE!!! I have no idea was that is for. I am curently disputing those two trans actions that they illegally went into my account without my knowledge and took money. Everyone else please be care with your money and bank statements...keep your eyes open for any wrongful charges from this company. They are nothing but thefts and scam artist.