Complaint Rating:

Company information:
MBF Leasing
United States
mbfleasing.com

They approached my on the premise that they could lower my credit card transaction fees. I gave them copies of my previous statements and a week later offered a slightly lower rate. I accepted. A week later they showed up with the machine, already programed with my company's info, we installed it, and she handed me a lease to sign. I signed.

On my next month's bank statement, there was a charge for $167 as "lease payment" for the new machine. The previous machine's lease was less than $25 per month. I thought the new amount was for several months, but a telephone call to MBF revealed that this was going to be the monthly amount over the 4 year lease time.

I got a credit card authorization system based on my PC/internet connection and returned their machine. Now they're calling with threats to sue me and/or ruin my credit report. They want $5000 for a piece of equipment that cost $250 after already having paid more that $1000 already!