jennlaz
London,#2Consumer Comment
Tue, May 17, 2011
Just today I came across a PAD payment on my work's bank statement taken by "GCN Holdings". After the accountant and I looked into it further it appears that we do not have any record of dealing with GCN Holdings, and we do not know what we are being charged for. In our research we "googled" GCN, and came across your report. It appears that we have been being charged by GCN Holdings (or LFG) for a very long time now!
As per what you mentioned in your report, we've stopped all PADs for both LFG and GCN, and are expecting a phone call in the near future. As terrible as your situation was, I'm somewhat interested in seeing how this situation plays out.
Gloria
Cottonwood,#3Consumer Suggestion
Tue, April 08, 2008
Hi, Please try to relax. This is typical for this group and since they keep getting away with it, they keep doing the same thing. This is so typical. Independent Rep comes and makes a deal, and then somewhere along the line Lease Finance Group Comes in and says you have a Irrevocable or Non-Cancelable Lease and it doesn't matter what the Independent Rep Told You. When in reality, the Independent Rep is supposed to abide by the rules and explain everything, but doesn't. So as I said, the trick is, It is always the Other Guy!!! Irrevocable Leases should be OUTLAWED. As a recipient of this lease, were you told it was Irrevocable and at the time you purchased the equipment, where you given a Truth in Lending Statement of how much it would cost you over the life of the lease??? I don't know in your state, but in California, if a full disclosure is not given at the time of purchase, this is Fraudulent. I have been making this suggestion to many other people being RippedOff by CIT & Independent Reps. So far, I have received no additional calls since I did this plus told CIT that this was FRAUD & FORGERY. But who knows???? So check this out>>>> You may want to send a complaint to FTC (Federal Trade Commission) or equivalent agency. I did and received a response saying they don't do individual cases. However, if they log enough complaints, they will start an investigation and possibly legal action. So here is the link: https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01 to the FTC complaint forms. I've told many people about it, so you may want to do the same. Make sure you give specific examples or even let them know you have documentation of deceptive or misleading information. Please remember if things weren't CLEARLY disclosed at time of sale, this may be FRAUD in most states Also, you may want to file with your State Attorney General or equivalent. I haven't given up, but it does take a while for the squeaky wheel to be heard. The lease finance group did file to the credit bureau as a lost debt. However, I recently refinanced my home. I showed the Financing Company all the correspondence I had with this company, plus the many RipOff Reports, and she had a great laugh and I got my loan at a very low interest rate. As far as CIT, here is their main site: http://www.cit.com/main/default.htm . Also, within this site, I found e-mails and have sent copies of my rip-off report, including a copy of all the complaints listed under Lease Finance Group in the Rip-Off site. Here are some e-mail addresses, you may want to send your concerns to: [email protected], [email protected], [email protected], [email protected] Just to let them know how you feel about their fraudulent relationships with Independent Sales Representatives. I did get the Rip-Off Report Do-It-Yourself Guide and it did have some good steps to follow. However, it was a little lacking in the cyberspace rip-offs. I've been paralleling the thoughts or ideas in this Guide to try to apply them to the internet. For example, instead of sending faxes, send e-mails. So every web site I am interested in, I look for e-mails and make up a group listing & start bombarding them with e-mails and include my rip-off report, plus any other rip-off concerns. I hope this helps and relax, they want you to get upset. Thanks, G for California