Complaint Review: Mbf Leasing/ Merchant Services

Please help me from the nightmare of fraudulent billing and lease agreement by Merchant Services and mostly MBF leasing!!

Back in Jan. '06 I had a represenative from a company by the name of Merchant Services. They came in during business hours which I asked asked them not to due to we get really busy.The sales rep laid out the sales pitch for me on how they could save my business alot of money.

I only had 3 concerns.One was; is their company connected with my bank for deposit purposes.They responded with a yes.Secondly were their any hidden fees or charges? and his response was "no".Third question was the equipment any more expensive than what I was already paying? It came out that I was paying 48$ a month and theirs was 56$ but in the long run I would be saving tons a money a month on debit card sales.

After all that was said it sounded legit.I signed a few boxes and they were off. A couple of days later the merchant machine arrived and we set it up.The very next day nothing was deposited into our account.So I immediately called Merchant Services and another employee told me that it takes 2 to 3 business days for deposits to be made.Which I was told they would be made the very next day(very crucial to my business).

I freaked out and told the lady that the sales rep told me something completely different.I said that I immediately was to cancel my lease and she said I had to pay 300$ to end my contract.I did so just to end the situation.

But it was just about to begin.By the beginning of Feb (two weeks later)another 300+ dollars was taken out of my account.So I called the lady back and she told me that I now am locked in a lease agreement with a third paty called MBF leasing.This was never revealed to me at any point.I went to look at my lease agreement to realize I never was given a copy.So I asked them to fax me one and whe it arrived my monthly amount was now 156$ a month(even though they actually had taken out 178$ amonth thereafter).

Now I'm furious because not only did the initial company I signed up with deceive me but a another company has me locked into a non-cancellation lease agreement.

MBF calls me constantly sends me inconsistent bills with various amounts threatening me legally with court.I need help in a big way and would love to know what my rights are and how can something be done.I can't afford to hire a lawyer to fight this unless others are involved.At this point they have taken about $1500 from me for a machine I used one day.

Sean
los Angeles, California
U.S.A.