Complaint Review: Ladco Leasing - Thousand Oaks California

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.

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.

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.