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  • Report:  #1210032

Complaint Review: Lease Finance GroupLLC - Chicago Illinois

Reported By:
DragonC - San Pedro, California,
Submitted:
Updated:

Lease Finance GroupLLC
65 East Wacker Place-suite 150 Chicago, 60601 Illinois, USA
Phone:
312-980-5600
Web:
N/A
Tell us has your experience with this business or person been good? What's this?

I leased a credit card terminal as a lease to own contract, a non-cancelable, 3 year contract.  At the end of the three years I called and asked "what do I have to do to own the terminal?" The person was very short with me and refused to give me much information.  He took my lease number and said "do you want to keep the warrenty?" I thought that sounded like a good idea so I said yes.  He had me sign an agreement online. I could only see the bottom portion and he told me it wasto keep the warranty in force. 

I received a copy of it in October and did not really pay much attention.  When the charges from NPC my processing company went up I called and canceled that service with out any problem.  But when I called LFG I was told no way.

I am locked into a contract.  If I do not pay they will send it to collection and report to a credit agency.? Sure. 

But when I did report this to the company should they have cared how their employee tricked me? YES, Should they let me out of the lease? Yes they should, it was obtained under false pretences.

To make matters worse, in October 2015 the terminal will be non compliant because it does not read chips, so if I use it I will be liable for any fraudulent charges and the resulting fines which can be from $10.000 to $25,000. This is not fair at all.

The agent supervisor I spoke to seems to think it is all on me because I let my self be swindledl  When I asked her about  the 600+ complaints on BBB she said they were all "people like me" who don't read the contract.

In other words this is the way they conduct their business all the time.  The do not tell people they are getting into a non-cancelable contract they just do it and sit back and laugh, and threaten to ruin your credit.



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