ABCO Leasing / JLA Credit Corporation — Equipment financing rip off
I was contacted by Mr. Jim Flemming on June 14, 2007 in regards to funding new equipment for my well drilling business. This was cold call marketing by Mr. Flemming. He emailed me a financing application which I filled out and returned. He called me the next day to tell me that he ran my credit and I was pre-qualified for equipment leasing up to five hundred thousand dollars. I was then contacted by Mathew O. Burke from JLA Credit Corp., 4246 Lea Road, Suite 40, Amherst, NY 14226, [protected]. He said I was pre-qulified based on ABCO Leasing's credit check of me and my business and he required $2,500. to handle the leasing paperwork. I paid the $2,500., in three payments over one month, to JLA Credit Corp. After the final payment was done, nothing more happened. Any contact with ABCO Leasing or JLA Credit Corp., after the last payment was made, was initiated by me and the response from Jim Flemming and Mathew O. Burke was they were working on it. Here is the kicker; NEITHER COMPANY RAN A CREDIT CHECK DURING THE PREQUALIFYING PERIOD. I was told that my company and I were prequalified for the lease but that was not true. These guys were only interested in the $2,500.