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  • Report:  #193255

Complaint Review: Lease Finance Group

Lease Finance Group - CIT Lease Finance Group - NPMG A Registered ISO/MSP Of Chase Manhattan Bank ripoff this company ripsoff small businesses Chicago Illinois

  • Reported By:
    Hudson Florida
  • Submitted:
    Thu, May 25, 2006
  • Updated:
    Thu, May 25, 2006
  • Lease Finance Group
    233 North Michigan Ave, Suite 1800
    Chicago, Illinois
    United States of America
  • Phone:
    888-321-2307
  • Category:

I was looking for a merchant account and came across a company that came out to my home and sold me equipment. Everything was fine with the merchant but I started having problems with the company that leased my credit card machine, Lease Finance Group LLC.

I first started having problems with this company when I went to change my bank. I called Lease Finance and told them that I was changing banks and needed to change my banking information to my new bank. Well they said that would be fine and told me they would fax me the proper forms to change the information. They did send it. I filled it out and faxed it back. They said they never recieved it. So I faxed it again. Again they said they never recieved it. So I said is there a way to do this over the phone. The man I spoke with said yes and he would put my new credit card information on the account and that would be charged every month automaticly.

I figured everything was taken care of until I got a call from another agent asking for payment. I then told them what I had done the previous month. She told me that there is no way for them to take the old banking information off of their system. I had to actually go down to my bank and request a stop payment. I asked why I wasn't told this before when I tried changing the information the month before. Of course she didn't know. So I went down to my bank and put a stop payment on that account. Well while I'm going through this I find out that they charged my old account, which I still had open for a few things. The money of course was not in that account so every time they charged that account they gave me a return back fee and my bank charges me as well. I asked them how many times they charged the old account and they said the first month they charged it 5 times and this month they charged it 3 times. On top of that they charged me late fees.

Now I thought I took care of this the month before. At least that's what the agent said when I spoke with him. So I started to get angry. I asked to speak with a supervisor and they always tell me that there isn't one for me to speak with. I tell them I will not pay for these charges and they tell me that they will keep calling every day until I do. They refuse to take the charges off. I just don't know what to do. I have been hung up on and yelled at. I will not take any more of this abuse. If anybody has any suggestions on what I should do I would greatly appreciate it.

Steven Hudson, Florida
U.S.A.

1 Updates & Rebuttals


Crystal

Garland,
Texas,
U.S.A.

It is more scary them Enron case, if you know what you are into

#2Consumer Suggestion

Thu, May 25, 2006

I call them Leech Finance Group LLC.
You may not know you are signin on-cancellable lease for the terminal, like other merchant complaint in this issue by NPMG and ring leader Leech Finance Group.
They are very sensitive to bank account changing or closing, because many people did it when they knew what happen to them.
So you change your bank account make them alarming, so they charge you many time because of many people does to them.
They never have good customer service because they did not need to, all they need your Non-cancellable lease (which they make 5000.00 in 5 year for the terminal you have cost 350.00).
If you want to walk away from the processing service, they still collect the rest of the lease term even you do not use it.
Now you may know what you into.
There was no short term solution, they are like deaf person, they do not care what and how many times you call them. If you want long term solution do like other people do in hope some day Federal or State will start to investigate them.
I only suggest like other people do, write them a formal letter, may need a Lawyer to write for you. Send them by certified mail. Let them know what you will do if they do not reply within certain day.
If they do not reply (normally they do not).
File complaint with BBB in IL and also in AZ.
File complaint with FTC (goto ftc.gov has online form).
File complaint with IL, AZ, also in your State General Attorney Office ( all have online form, you need to scan all your support document, before you file so you can upload when you file).
Write to your State Rep, Senator, local police, Local Newspaper....
It sound complicated and time spending, but it may be only solution, make them come back to talk to you (one case indicate they did solve their case due to that person make mane publicity to expose them).
If you consider to sue them ( many do ) contact the editor of this site, he may get you a local Lawyer. Most case will be settle before go to trail because they do not want to loose.
If you want join in support group, keep this word in mind unitedtofight.

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