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Lease Finance Group [LFG]

Lease Finance Group [LFG] review: will not cancel lease agreement 64

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1:18 pm EST
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One of my employees signed a lease a year ago for a credit card machine that we never used. My employee was talked into it by a new Credit Card merchant company and did not realize or understand what she was signing. We switched to a new credit card merchant, and never used this machine, so we called to cancel the lease. They said we could send the machine back, so we did. A month later we realized they were still debiting our account so we called, and they said we can't cancel the lease so they will still be charging us. They didn't care that we sent the unused machine back.
We then cancelled our bank account they were debiting, so they could not get paid. Now they call several times a day asking for my employee by name and are calling her home phone and sending statements to her home address. This is rediculous and can not be legal.

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64 comments
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memd
Hillsbo, US
Mar 02, 2011 3:32 pm EST
Verified customer This complaint was posted by a verified customer. Learn more

I miss-typed in the first comment--wasn't swearing!

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WJen
Tucson, US
Mar 07, 2011 8:02 pm EST

I had a lease with LFG 4 years ago and I sent back the equipment and paid the final payment. 4 Years later they billed my account for $75 for an administrative fee. I called them numerous times to get the info for this so called admin fee and nothing. They ring my fax machine and it always hangs up without sending me anything. I can't believe they can take $75 out of my account 4 years later without even contacting me. They need to be stopped. I am switching accounts and charging them back. We will see what happens.

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Thomas H. Reed
Ruidoso, US
Mar 18, 2011 7:57 pm EDT

I don't really care about getting money out of these jerks. but I think they need the pants sewed off of them. So any one interested. These jerks need to be shut down now. So if there is a lawer out there that is ready to soake these people up for a bunch of money let me know I am more than ready to go after them. Just for the fact that they are going to rip off someone else if we don't stop them.

Contact me at black2deep@aol.com if you are interested in a class action against these [censor]s. They are ripping people off for thousands of dollars.

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SMD Moore
Syracuse, US
Mar 24, 2011 9:46 pm EDT

My Company is in the middle of a law suit against this company they've been taking from us for 6 years unlawfully. This company is criminal and deserves to be shut down ! The EVERGREEN LAW AND THE BLUE SKY LAW ARE ON OUR SIDE thank god! But if anyone has brought this to the court system we will take any advice comment or story you've got to tell !... Also anyone experience in these cases i would love to listen to anything that may be offered ! This company cant keep getting away with this. It needs to stop !

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dupedbadly
Arvada, US
Mar 25, 2011 7:42 pm EDT

A few years ago I was duped into signing a lease with this company, by a smooth-talking salesman who promised me the lowest rates. I didn't realize that it was a non-cancel-able lease! I had an S-Corp, so when the business failed when the economy tanked, I contacted them and canceled the lease. Somehow, over the year that we were open, I ended up with three contracts and three separate credit card machines! I was the only one that worked in the business, so I'm not sure how this ended up. That salesman "sold" me one of the machines for $400, but then I ended up having an additional lease account somehow! The contract is so blurry that I can't even read it, but of course, as a naive new business owner, I trusted the salesman and signed the documents. The contracts have my business name on them, but also my own name too, as president. The salesman told me that I "had" to put down my name, and not just the company name. Now, they have charged-off the account and it has posted three negative hits on my personal credit report! Does anyone have any success against this company at all - or are they just raking in the dollars with no consequence?

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Rob Y
Denver, US
Apr 12, 2011 6:22 pm EDT
Verified customer This complaint was posted by a verified customer. Learn more

In response to Memd. I am now having to go to court with these clowns but I will tell you they tried a similar trick with me in the return game. I called to let them know I sent them a letter and the machine back which I never used. They told me they never recieved the machine. After going back and forth with them I stated "well I have the certified mail receipt right here" as to which they responded "oh, I do see you returned it, sorry about that". The other trick they used on me was when I called to cancel service right away and tell them I did not need the machine as it was the same one I had that the sales man told me would not work. The person I called took a message and they never called back. Since I was not able to get in touch with them I could not cancel the service. So wrong. Well, we will see what happens in court. the best part is they are making me go to Chicago! I signed the contract in Colorado but they figure if the court is in Chicago I will not go. Ha. They are wrong I will see them there and if there is anyway I can counter sue it will be done.

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Jose Jaimes
Austin, US
May 07, 2011 2:42 pm EDT
Verified customer This complaint was posted by a verified customer. Learn more

Hello my name is Jose Jaimes I've been scamed threw LFG.My cousin and I open a music store in [protected] in Austin Tx, she talkd me into purchasing a POS Equipment that would allow for customers to pay there bills at the music store like cell phone bills, gas, cable, electric, etc so i thought it would a greate idea I only applied for the application to see if I had enough credit. I got approved I had gone on vacation for about a week came back and my cousins had called me said the equipment was there .I never signed for the equipment to be delivered or when it arrived ! I got back from Vacation and was trying to figure out what was gng on.I called the rep told him to come pick up the equipment that I never signed he forged my signatures took the equipment never saw him again.Now LFG IS ASKING FOR $18, 500 in fees for braking the contract. I called them but there not worried anything else but the money!We need to do something about this bc its all a scam let's get this guys any questions email me

Jose Jaimes
7612 Marl ct
Austin, Tx 78747
Jose072601@yahoo.com .

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Jose Jaimes
Austin, US
May 07, 2011 3:02 pm EDT
Verified customer This complaint was posted by a verified customer. Learn more

My cousin and I opened up a music store in [protected].My cousin talkd me into leasing a POS system that would allow customers to pay there bills like cell phone, electric, gas, telephone, etc .I thought it would b a grate idea I only applied for the credit report to see if I qualify.I went on vacation for a week my cousin called and told me that the equipment was there.I didn't signed for the equipment to be delivered or when it arrived.. Someone had forged my signatures I called the rep to confirm with him he said I had signed them..I told him if he had forged my signatures he said no.I told him that I didn't approve or signed for the equipment.He took the equipment and said he was gng to take care of it.A month later his nowhere to be found I get a letter from LFG that I owe $18, 000 in fees for the leasing and the equipment..Wtf! I called them but all they were worried about was the money !its all a scam we need to stop these guys from destroying our lives.Now my credit is very bad bc of this ..WE NEED TO GET THESE GUYS AND BRING THEM DOWN! any questions feel free to contact me thxz

JOSE JAIMES PS.LET'S BRING LFG DOWN
7612 MARL CT
AUSTIN, TX 78747
[protected]
JOSE072601@YAHOO.COM

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zaq123
ddd, US
Jun 03, 2011 12:02 am EDT
Verified customer This complaint was posted by a verified customer. Learn more

they got me for 30 bucks a month for 48 months its been a year and i havent paid them in over 4 months, my dad died like 10 months ago and his account was the one they are taking it out of, and the sales person came in desperatly trying every trick to make me sign papers. Im an employee not an owner, that alone should be enough.
i havent gotten any calls or mail, anyone know how long it takes before they start ?

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A Galloway
Taunton, US
Jul 19, 2011 4:02 pm EDT

i would like to be added to the class action suit, i have a automotive business and i too had to close my bank acc. to stop them, i still have their equipment, its been 2 yrs heyarn1@peoplepc dot com thanks

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PRitter
Trafford, US
Sep 08, 2011 12:01 am EDT

Is your credit damaged by LFG? Perhaps, I can help you…

My company is also a victim of LFG's non-cancellation clause. The merchant processing company was overcharging me and would not provide a statement which I was being charged $10 a month for. When I cancelled both of their services and closed my bank account the sparks flew. It took about two years of enduring harassing phone calls before they sued me in NY. I live in PA and my business is here as well. They recently obtained a judgment for $1, 118 and reported it on my credit report (even though I was not notified of the hearing, sneaky SOBs).

The fun part of my story is I own a credit repair company so having the bad trade line removed should be easy. Bottom line, although I have been annoyed by them their damage is minimized despite their ruthless tactics and underhanded approach.

If you want me to help you with repairing your damaged credit, I will be happy to help but I would like to make certain it comes off my report prior to offering this to the group. If I do offer my help I would provide this service at my cost, $99 for any / all items related to LFG negative reporting. I too would take great delight in "sticking it" to LFG. I will be able to provide a follow up success or failure rendition in about 40 days from today. This is when I will receive results from the credit bureaus. Look for another posting in relation to this topic around the middle of October.

In the meantime feel free to call me with questions or comments. My company Credit Investigation Service we are on facebook and the www. I can be reached directly at [protected].

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sangar
brampton, CA
Feb 28, 2012 5:02 pm EST
Verified customer This complaint was posted by a verified customer. Learn more

signed the lease to buy in 2009 with LFG monthly payment $55x13% =$62.15 but they charge $67.10 and top of that quarterly $28.25. now i stop paying through my bank account . i found the cost of machine is $1400 . it was 4 years contract . $67.10x48=$3220.80 +$28.25x16 total $3672.80-$1582=$2090.80(profit)

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joannct
Southbury, US
Feb 26, 2013 10:08 am EST
Verified customer This complaint was posted by a verified customer. Learn more

They contacted me after my business closed over 4 years ago. I sent the machine back and they say they have no record and that my lease was never closed out. they will setttle for half, which is over $1000.00. i donlt know what to do and I dont have the money. I can't afford more bad credit or a law suit, as the business itself put me in financial ruin. Any suggestions?

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maylon meek
Franklin, US
Jan 25, 2014 5:22 pm EST

Any one wishi ng to file a Federa l suit or joint an existing suit filed in NYC atgainst lfg, Northern leasing and SKS and other shell companies contactAttorney General Eric Schneidermans consumer fraud division @[protected]

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SIK-SIK-SECO-MO-MUCN1985
Great Falls, US
Nov 15, 2014 2:19 am EST

L.F.G. GOT ME TO...IM A NATIVE AM., ...A BLACKFEET...I TELL THEM THIS WHEN THEY USE TO CALL ME NITE AND DAY: YOU TOOK MY LAND, MY HORSE, .MY WOMAN, MY CHILDREN, MY WATER, MY AIR...WAT YOU WANT NEXT?...OH!...MONEY?...WELL!...YOU WON'T GET ANOTHER RED CENT FROM ME (HA HA HA, ...I MADE A JOKE...GET IT?, ...RED CENT...LOLOLOLOL!...WELL THAT ALL BEGAN BACK IN 2007...ITS BEEN 7 YEARS...YA, ...THEY SEND ME A STATEMENT SAYING I OWE THEM 4400.00 SOME DOLLARS, ...BUT KNOW WAT?...YOU CAN'T SQUEEZE BLOOD OUT OF A INDIAN WHEN EVERYTHING HAS BEEN TOOK ALREADY...NO MORE BLOOD TO GIVE...I GAVE AT THA OFFICE. THE DIRTY S.O.B.'s P.S.S. THIS IS HOW THE PREZ OF L.F.G. LOOKS..."WITH MAKE-UP!"

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SIK-SIK-SECO-MO-MUCN1985
Great Falls, US
Nov 15, 2014 2:24 am EST

THE PREZ OF L.F.G LOOK LIKE THIS...THE DEVILS KID!

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imope
CA
Jan 22, 2015 3:28 pm EST

This is one of the worst companies that you could ever hope to deal with for a POS terminal. My lease contract ended January 5, 2014 and I faxed them a letter of non-renewal of the lease, and sent back the two terminals. They arrived in their depot 3 days after the monthly payment date and are now going to charge me another monthly lease fee in February. I just got off the phone from them. I said that I was going to advise my bank to reverse the fee when they took it, to which the agent responded that I would be reported to the Credit Bureau and my credit rating would show this non payment. I will have to monitor my bank account very closely but at this point it's not worth fighting over a one month lease payment. They have you by the short hairs.

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casamurphy
US
Jun 02, 2015 1:53 am EDT
Verified customer This complaint was posted by a verified customer. Learn more

LFG got a default judgement against me about a year ago. I live in Texas. I'm interested in hearing from any other Texans in my same circumstance who have actually had LFG try to enforce the judgement.

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Aunt Martha's Houase
Fairfax, US
Jul 08, 2015 7:13 pm EDT
Verified customer This complaint was posted by a verified customer. Learn more

This is really scary! I kept paying on my machine even after I wasn't using it anymore, because they said it was a non-cancellable lease, but last month should have been the end. This month I got charged again and I am trying to get it stopped, but it seems to be impossiible. I will not give up on this even if I have to close my business checking account with all the hassle that requires. I am so fed up with all these people who take advantantage ofsmall business people!.

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Lukeyugangdu6112
CA
Oct 07, 2015 9:55 am EDT
Verified customer This complaint was posted by a verified customer. Learn more

I am Luke. Two months ago a called the LFG and told them I want to cancel the lease before I used 5 years.
The gay told me he will send a letter to me. but after two month I just get the email because yesterday the LFG call me and let me pay $63.18.
I told the boss this morning I get return information and afternoon I returned it why you charge me two months payment.

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The Toy Box
US
Oct 13, 2015 4:26 pm EDT

I got completely frauded into signing the contract with "lfg". The ? GUY called me saying he was with my cc company that i was under contract with (first american) which he lied... Surprise... Of course i didin't check i took him at his word. He said i had to update my equipment with them or first american was not going to allow me to take cc nomore...Of course i didin't want to risk money coming into my business. I am a small business trying to keep my employees paid...When another company came in and asked me who i was with for my cc merchant account.. They looked it over and said they can do me at a lot less. Soooo thats when i looked into when my contract was up with first american... I pray that that cancellation will be smooth butttt lfg is separate... Soooo thats when i found out they are not affilated with first american
totally separate contract... Now i contacted lfg... They told me tooo bad for me... I am paying $82.58 for 4 years for a machine that cost $250.00 yes... I am paying $3, 963.84 for that machine i no longer use because i know have a wonderful cc merchant that don't even charge for the same machine... No contract..."""""""heartland""""" is the way to go... """"""""""""""""""no contract"""""""""""""""""""""""""""" they aren't scared to lose you because they treat you right..
Now...I don't know how to get out of lfg from charging me even more...Any ideas?please... I need to know how to get lfg off my butt...

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57kingrat
US
Oct 13, 2015 8:47 pm EDT

I too am in a contract with LFG, After reading many many complaints I decided to do something and I called to file a complaint with the Federal Trade Commission. These are the fed people that are there to protect us. Please call them and file a complaint. Enough complaints and they will have to do something. LFG's parent complaint is Northern Leasing which had to pay and 11 million dollar fine just for reasons like ours. Call the FTC, NOW.

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Billy Willard
US
Dec 29, 2015 8:46 am EST

Count me in, I too have been scammed by this company. I see that there was a class action lawsuit against them in New York some years back. Seems like they need another class action lawsuit since they've not yet learn a lesson in honest business practices. I just filed a BBB complaint against the company. I encourage everyone that has been scammed by this company to do the same.

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Kevin Nguyen123
US
Nov 02, 2016 8:26 am EDT

The state of NY is sueing this company but they need your help. Please file a complain with the attorney general in NY at
https://forms.ag.ny.gov/CIS/consumer-complaints.jsp

If you don't come out of the closet we will never be able to get this company.

Below is more info
http://ag.ny.gov/NLFAQ

  1. Lease Finance Group [LFG] Contacts

  2. Lease Finance Group [LFG] phone numbers
    +1 (866) 781-0440
    +1 (866) 781-0440
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    Customer Service
    +1 (866) 781-0411
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    Collections
    +1 (888) 625-8869
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    Business Developement
    +1 (888) 588-6213
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    Vendor Relations
    +1 (888) 588-6214
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    Lease Verifications
    More phone numbers
  3. Lease Finance Group [LFG] emails
  4. Lease Finance Group [LFG] address
    65 E Wacker Pl Ste 510, Chicago, Illinois, 60601-7255, United States
  5. Lease Finance Group [LFG] social media
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    Checked and verified by Stan This contact information is personally checked and verified by the ComplaintsBoard representative. Learn more
    Nov 20, 2024