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Lease Finance Group [LFG]

Lease Finance Group [LFG] review: credit card lease 85

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10:57 am EDT
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Hi,
I am looking for any info you may have on a credit card company. I was approached by a sales person from Wholesale Merchant Services in Feb 05. He told me my Hypercom machine was illegal as it printed out the customer card #. I found out later that it only needed to be
reprogrammed. He convinced me to take their machine in its place. Once I had the machine and sent them mine in exchange he then told me I had to agree to a "non-cancelable" lease. I balked and told him I would not. He promised to let me out anytime I requested, so I agreed. When I realized that I had been had by these guys I switched credit card companies. I was charged $800 for this. I'm guessing it was in the fine print. I found that the credit card lease was held by a different company - Lease Finance Group LLC. They refused to sell me the machine or let me out of the lease. This meant paying about 10 times the cost of the machine over the 4 year period. I later had my bank stop the withdrawals and switched to a local bank. They have harassed me constantly ever since. Calling my cell / home / and business non-stop. I am hoping I was not the only dummy to fall for this scheme and am wondering if the Virginia attorney generals office can help me resolve this problem. Any help with this matter would be most appreciated.
Sincerely,
Craig Stewart

Craig Stewart
http://yourgolfballshop.com
Your Golf Ball Shop
6229 Indian River Rd
Virginia Beach Va. 23464
tel: [protected]

85 comments
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rif
Emeryville, US
Apr 06, 2009 8:12 pm EDT

Hello Henry,

These scam artists put a scam on my mom as well. She had a credit card machine that she owns and was paid for in full. The sales guy in Oakland, CA made my mom sign the contract while hiding the lease schedule. He was extremely clever while pushing my mom to sign the documents. He hid the top portion of teh lease scehdule from her. The lease schedule is for 48 months at a cost of about $45 / month. My mom is 64 years old and about to retire. Why in the world would she sign a 48 month lease for something that she already has.

After my mom realized what happened, we tried contacting them many times, and no one ever picks up the phone.

The smart thing to do is to change your bank account or change your bank completely. Since this is a scam, the odds of them taking legal action is low. I'll be surprised if a lawyer does not make a class action law suite against them in the near future.

We will visit this site as well. I will inform my lawyer friends. These scam artists need to be stopped. I just wonder HOW CAN THEY LIVE WITH THEMSELVES...

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Dance America
Coral Springs, US
Apr 03, 2009 10:50 am EDT

My complaints are the same as everyone else. fraud, misrepresentation, forgery, harrasment! Has anyone had any luck fighting them?

I complained to the BBB and after 3 months the BBB closed the complaint.
LFG sent me a "affidavid of misrepresentation" that required me to give them my SSN, drivers liscene number and much more. I refuse to give them any further acces to my personal life than they already do.

If anyone has had any luck fighting them please contact me
admin@dance-america.com
I am at the end of my rope with them & their revolting business practices!

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Polished and Pretty
Atlanta, US
Mar 06, 2009 9:13 am EST

I too was ripped off by the lease finance group. The sales rep, promised that i could get out of the lease as long as i cancelled within 30 days. She reassured me that the non- cancellable clause would not hold true as long as i cancelled within the allotted timeframe. Everytime i call the company to try to cancel they tell me that i have to pay becasue the lease is non cancellable. I've called to get the address to send the machine back to and they will not give it to me. What type of shady comapny does that. I finally spoke to one of the supervisiors in an attemp to get my sales reps supervisor on the line. He told me his first name, COLTE but said that he didnt know his last name. I canceled my bank account as the collector informed me that they are going to begin drafing all types of fees out of my account. This has been a complete scam! I am going to contract the BBB, FTC and Attorney General Office here in Georgia to nake sure that they are aware of whats going on.

tsd973@hotmail.com
Polished & Pretty Jewelry

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lloydh
San Francisco, US
Jan 15, 2009 2:59 pm EST

i also got screwed over by lease finance group and i am still trying to fight them off. please help me out, contact me at lloydhoshide@hotmail.com

i dont know what i should do please help

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Henry Hubby
Anaheim Hills, US
Dec 09, 2008 6:28 pm EST
Verified customer This comment was posted by a verified customer. Learn more

Sorry to hear you had a similar experience with Lease Finance Group LLC. What a scam these guys are. I have stopped payments to them now that I am seeing the bigger picture of what a ripoff they are. I have never used their services and was shocked to find out that I had been charged about 10x the value of the equipment that they sent me. The sales person that contacted me was very pushy and now I know why, but at the time, I was trying to get the credit card accepting end of my new business squared away and up and running. Little did I realize that they feed on this kind of a situation where someone new to small business looks to them for "professional advice" and in return, gets ripped off.

I have decided to take the route of writing a letter to the attorney general's office here in California to begin with. They have started their series of threatening phone calls, etc., but I am not going to sit idle on this one, not this time. They are damaging too many people and the internet is filling up with stories of how they took advantage of new ones and their small business needs.

I will share everything that I am doing here on this site as the days go by. I want to see them hit with an avalanche of attorney general calls from whoever also files at least a letter against them. I will do whatever it
takes to put the spotlight on them and will share any and all information related to them with anyone.
I have a friend who is a lawyer and can advise me of what steps to take to offset their response to these various agencies. If they have a website presence, I will send a letter to the FTC as well. By law, they have to pursue any names given to them that is associated with a complaint.

I would also appreciate hearing from any one of you who have taken any action against them. Whatever works, let's use it corporately to get rid of these scam artists.

Henry Hubby

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