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  • Report:  #1135131

Complaint Review: Lease Finance Group LLC - Chicago Illinois

Reported By:
BMS - Clearwater, Florida,
Submitted:
Updated:

Lease Finance Group LLC
65 E. Wacker Place Ste 510 Chicago, 60601 Illinois, USA
Phone:
866-781-0440
Web:
www.leasefinance.com
Tell us has your experience with this business or person been good? What's this?
In august 2013 two employees from Payment Systems, pressured me into a lease agreement with Payment Systems Merchant and Leasing Equipment. My business was not set to open it's doors until the end of January. These men said that if I signed up now, I would get reimbursed for the first 3 months to offset costs until I would use this equipment. I began to receive bills from Payment Systems and Lease Finance Group (which I was not aware of this company or name) for much more than the contract indicated. The money was directly taken out of my account, by the hundreds. I called numerous times to see when I would be reimbursed for the first 3 months, well that never happened. The company transferred me to many different individuals while I wasted time on the phone for hours within the months between August and May, getting no where with my requests. They never sent me emails, said they didn't do "faxes", representatives never gave full names or allowed me to call back on their direct lines because there weren't any. The monthly charges and fees were so high, I could simply not afford it. Nothing in terms of the contract was full-filled on their side. Finally, after numerous attempts to cancel this "non-cancellable" agreement, Payment Systems credited $1,400 out of my account overnight - without any warning, phone call, email or letter. I was dead broke. Not a dime to my name. I called and they said this was their "cancellation fee" after telling me I could never cancel. I was mortified they could do this, and asked for anything in writing to let me know this was over and I was officially out of the contract. I never received anything. I had to cancel my bank account, my business went under and then more was to come.


 


Lease Finance Group (again, never saw or heard of) began their harassing calls at ALL hours of the day, every day for months. They demanded money, said I owe them through the entire 48 months, threatened they would "sue me for all I'm worth", screamed at me that I'm stupid for not having my contract on hand, threatened me with lawsuits on my business. I'm a massage therapist, this is my first business venture and I work for myself, making very little money. I was terrified, I tried to speak with them nicely and asked LFG to send me this "contract" I didn't know I had with them, to work with me with other payments or just send me to collections. I just wanted the harassment and threats to stop. I sent the credit card machine back to the return address back in July. They accused me of still using their equipment to make tons of money, when we only used it for maybe 2 months (February/March) before sending it back. The machine itself sells for $200.00 on ebay. The fact they can get away with charging small business owners like myself over $4,000.00 for this is just criminal. LFG has caused me undue stress, sleeplessness, financial crisis and a loss of a business venture. BBB has LFG listed as a F-. There are numerous Rip-Off reports online, YouTube videos and SCAM reports on this company. Attorney General Schneiderman of New York sued this company - "To disguise the scheme, Northern Leasing and its affiliates, Lease Finance Group LLC, MBF Leasing LLC, Golden Eagle Leasing LLC, and Lease Source-LSI, LLC, used a shell company, SKS Associates LLC, to deliberately mislead customers in an attempt to avoid any harm to Northern Leasing’s business reputation. Tens of thousands of former customers were shocked to discover automatic debits from their bank accounts, by a company they had never heard of."


 


ag.ny.gov/press-release/ag-schneiderman-sues-business-equipment-company-ripping-35-million-former-customers


 


They continue to call me trying to garnish wages and sent me an attorney filing, which the contract they have listed I have never seen, and is not in my own handwriting. The signatures look like mine, but the handwriting is most definitely not - and I would have NOT sent or faxed a contract if not in my own handwriting. I don't know what to do at this point. I just don't want other hard-working, honest, small business owners to go through this. Between the companies combined, they have "stolen" almost $4,000.00 from me already. I don't believe I owe them anymore. 


 


I have documents, saved voicemails, witnesses that tried to call and work with the company, bank account reports and bills. There are too many red flags with this company, they are not legitimate and the most disrespectful representatives I have ever spoken to. 


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