- Report: #110091
Complaint Review: Ladco Leasing - LandMark Merchant Solutions - Thousand Oaks California, Internet
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Ladco Leasing - LandMark Merchant Solutions
www.ladco.com/ Thousand Oaks, California, Internet, U.S.A.
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Ladco Leasing And LandMark Merchant Solutions I too am in the process of being ripped off by Ladco Leasing and Landmark Merchant Solutions Thousand Oaks California
I was not told my checking account would automatically be debited each month by Ladco Leasing until after the lease was signed and sent back to Landmark Merchant Solutions. I have never done business this way and don't intend to start. I choose to either pay my bills online or mail them out.
I was told my account would automatically be debited when the training person from Landmark Merchant Solutions called me and went over the lease. I told her right then and there that I don't do business that way. She said I'd have to call Ladco on that because they are the leasing company. I was told this after the lease was signed and faxed back to Landmark Merchant Solutions.
I called Ladco and they said to call Landmark. I did call Landmark and the sales rep gave me no satisfaction whatsoever. He just wanted to know why I didn't want the payment automatically debited and asked if I'd had a bad experience at one time. I told him I did not have bad experience because I choose NOT to do business this way. He said he'd get back to me and never did. I called him twice after that and he said he was on another line and would call right back. He never did.
This is a ridiculous way to do business and I am notifying my bank today to let them know that no company will debit my account for any reason. If I choose to pay a bill on line I will but no automatic debits.
I returned the credit card machine to Ladco. They signed and received it. Three days later I got a manual machine in the mail from Landmark Merchant Solutions which I refused and returned.
I contacted a lawyer and was told that because Landmark Merchant Solutions did not inform me of the payments being automatically debited from my checking account until after I signed their lease, that I have every right to break it. I told the lawyer that I figured I'm going to have to fight this out because Landmark Merchant Solutions and Ladco Leasing won't give me straight answers or discuss this with me. I am concerned about them reporting this to the credit reporting agencies but my lawyer said if that happens, that I can have it taken off because I wasn't informed of the automatic debits from my checking until after the lease was signed.
Marjorie
Stroudsburg, Pennsylvania
U.S.A.
I was told my account would automatically be debited when the training person from Landmark Merchant Solutions called me and went over the lease. I told her right then and there that I don't do business that way. She said I'd have to call Ladco on that because they are the leasing company. I was told this after the lease was signed and faxed back to Landmark Merchant Solutions.
I called Ladco and they said to call Landmark. I did call Landmark and the sales rep gave me no satisfaction whatsoever. He just wanted to know why I didn't want the payment automatically debited and asked if I'd had a bad experience at one time. I told him I did not have bad experience because I choose NOT to do business this way. He said he'd get back to me and never did. I called him twice after that and he said he was on another line and would call right back. He never did.
This is a ridiculous way to do business and I am notifying my bank today to let them know that no company will debit my account for any reason. If I choose to pay a bill on line I will but no automatic debits.
I returned the credit card machine to Ladco. They signed and received it. Three days later I got a manual machine in the mail from Landmark Merchant Solutions which I refused and returned.
I contacted a lawyer and was told that because Landmark Merchant Solutions did not inform me of the payments being automatically debited from my checking account until after I signed their lease, that I have every right to break it. I told the lawyer that I figured I'm going to have to fight this out because Landmark Merchant Solutions and Ladco Leasing won't give me straight answers or discuss this with me. I am concerned about them reporting this to the credit reporting agencies but my lawyer said if that happens, that I can have it taken off because I wasn't informed of the automatic debits from my checking until after the lease was signed.
Marjorie
Stroudsburg, Pennsylvania
U.S.A.
4 Updates & Rebuttals
Patsy
Killeen,Texas,
U.S.A.
Money Not being Posted
#2Consumer Comment
Wed, September 29, 2004
I feel as businees owners we need to file a class action suit against this company, they have lied to us and taking our money for their own use.
Cory
San Antonio,Texas,
U.S.A.
Good Luck, I commend you for starting your own business.
#3Consumer Comment
Sun, September 26, 2004
With all the millions of people being layed off and out of work and few good jobs to be found, many more will be starting their own companies. That way you have your destiny in your own hands. With that said, the real business world is a cruel and hostile place full of crooks and sharks out there who will try and seperate you from your hard earned money. My rebuttal was harsh as is the real world. This site is full of newbie's post about the ripoff CC leasing companies, leasing them CC machines for thousands of dollars, up to $6k that they can buy for hundreds. Buy don't lease, check any of the internet sites for the price of buying the equipment, BEFORE you lease. Check your local newspaper, in the commercial equipment section. Evem E-bay has it. It will shock you, at what you can buy straight out, compared to what these leasing co's want. I had a CC co come in last week and try and lease me one for $5995. Can buy a similar unit for under $1k. The scum tells me "It won't cost me a penney", "The IRS will pay for it". $99.95x60mo=$5997. I own my own equipment, cost me $250. Read everything and research, BEFORE you do anything. Good luck.
Marjorie
Stroudsburg,Pennsylvania,
U.S.A.
No need for smart remarks. Not all of us have experience in the business world
#4Author of original report
Sun, September 26, 2004
This is my first experience dealing with any CC leasing company. I just started a very small business about two month ago. You're right about them debiting their points and fees from my checking. That makes sense. Of course they have to get paid for their services but I still don't want the $52.99 debited from my checking each month for the next 4 years. When the training person went over the terms, I did stop her when she told me about the automatic debits but she said I'd have to talk to my sales rep about that but my sales rep won't talk to me so what am I supposed to do? No need for smart remarks. Not all of us have experience in the business world and maybe I don't have a "clue" yet about how CC leasing companies work. That all comes in time. Like I said before, I just started this small business two months ago.
Cory
San Antonio,Texas,
U.S.A.
Doesn't Have A Clue
#5Author of original report
Sat, September 25, 2004
In your first sentance, you say"I was not told my checking account would be auto. debit. ea mo by Ladco L. UNTIL AFTER THE LEASE WAS SIGNED... Then you say you don't do business that way.....pay on line or mail them out. Then you say you weren't told at all. Which was it? Did you even look at the lease you signed? I hate to tell you but that's the way ACH/CC companies work. Even if you own the CC equipment, CC still debit your account at the end of the month for discount points or fees. They aren't going to wait around for you to mail the a check for their points or fees. How about you wait around for them to mail you a check for your sales, minus the points and fees, at the end of each month. Man, this is a post from a person who doesn't have a clue about how things work in the business world. If you are in business, you ought to stick to cash or checks, something you seem to understand.
