B. Ware
Hollywood,#2Consumer Comment
Wed, July 23, 2008
I had a similar situation with Lease Process. They absolutely nailed me on interest rate for some equipment leases. When I try to get the paperwork from them that shows the rate charged, they pointed the finger at the lease companies. When I asked the lease companies for the rate, they pointed back at Lease Process. Lease Process is a broker, which means they get a commission from the lease companies on the difference between the rate the lease is bought for, and the rate the lease is sold at. However, the lease company must approve that sell rate. We were charged absurd rates not because of bad credit, but because of our ability to pay a higher rate. How obnoxious it that?!! If it's not illegal, it should be! These people need to be exposed so they can be stopped.
B. Ware
Hollywood,#3Consumer Comment
Wed, July 23, 2008
I had a similar situation with Lease Process. They absolutely nailed me on interest rate for some equipment leases. When I try to get the paperwork from them that shows the rate charged, they pointed the finger at the lease companies. When I asked the lease companies for the rate, they pointed back at Lease Process. Lease Process is a broker, which means they get a commission from the lease companies on the difference between the rate the lease is bought for, and the rate the lease is sold at. However, the lease company must approve that sell rate. We were charged absurd rates not because of bad credit, but because of our ability to pay a higher rate. How obnoxious it that?!! If it's not illegal, it should be! These people need to be exposed so they can be stopped.
B. Ware
Hollywood,#4Consumer Comment
Wed, July 23, 2008
I had a similar situation with Lease Process. They absolutely nailed me on interest rate for some equipment leases. When I try to get the paperwork from them that shows the rate charged, they pointed the finger at the lease companies. When I asked the lease companies for the rate, they pointed back at Lease Process. Lease Process is a broker, which means they get a commission from the lease companies on the difference between the rate the lease is bought for, and the rate the lease is sold at. However, the lease company must approve that sell rate. We were charged absurd rates not because of bad credit, but because of our ability to pay a higher rate. How obnoxious it that?!! If it's not illegal, it should be! These people need to be exposed so they can be stopped.