Complaint Review: LFG Lease Finance Group LLC

I signed a lease with LFG in 2003 for 48 months for a CC processing machine. This company was brought to me through a sales represenative who was selling us CC processing services. This salesman sold this service as a great deal because I could buy the machine for $1 at the end of the lease. ("Total BS") My fault on that fantasy.

Reguardless I completed the 48 months (2007) and returned the equipment at the end of the lease to the addres they had provided. The $59.00 dollar monthly deduction disappeared for my bank statement.

Seven years later I found out that they had changed the deduction amount by a couple of dollars and continue to deduct monthly for (7 MORE YEARS). The amount flew under our radar as we thought it was another fee connected to our CC processing.

When I contacted them they claim not to have received our equipment and that we would have to provide a written proof of receipt from thier recieving department fro 7 years ago.( We never received one !)

They refused to stop the checking accout deductions so I put a stop payment on the amount via Key Bank NA. LFG simply change the amount to go around the stop payment. Key Bank NA has no interesti in stopping the deductions and refuses to help with the problem stating" they can't do that". Apparantely when you bank at KEY Bank NA,  LFG has more control over you account that you the account holder. 

Don't bank at KEY Bank NA as I find them unfriendly to small business. They are actually complicit to helping LFG to continue to rip me off. Thier Exsecutive complaint department is more concerned with a CYA mentality.

Bottom line LFG is a major rip-off company and the bank (at least Key Bank NA) is complicit with their scam.

So far I've paid over $8000.00 for a $300.00 obsolete piece of equipment!! This has to stop! The  fleecing of small business in America.