Evalon / Ladco Leasing
reviews & complaints

My business closed two years ago after I became permanently disabled. I still couldn't get them to end my lease, even though I literally cannot work or make money. All my other financial obligations were able to help me out and did so with compassion and respect. Not Ladco. They continued to charge me for years and then never sent a letter when my lease was finally ending, and thus continued to charge me month to month. All in all, I have had to spend nearly $3000 on a $100 piece of equipment. I feel absolutely scammed and it should be illegal to continue to collect on a lease when the person is permanently disabled. Even my student loans were discharged, which tells you the level of scam going on at this company.

Ladco leasing is a complete rip off. Do NOT lease credit card equipment from these ###. They might as well have put a gun to my head and robbed me. I was a new business owner and didn't know any better. I signed a 4 year lease for 2 credit card terminals for a $176 a month fee. I just purchased the same equipment for $149 per terminal. I paid them over $8000 to use their terminal and twice when power cords broke it was a HUGE hassle to get them replaced, AND I HAD TO PAY FOR THEM.

Run away from these ###. Just Google them. That will tell you what douche-bags they are.

I still kick myself for going with Ladco Leasing...I went to my USBank rep who I trusted to give me great advice on a merchant agreement. After telling me how great the service was and how much cheaper it was to go with USBank merchant services...I drank the kool-aid. Now that I think about it, I should have just gone with Paypal and paid the 3% transaction charge and not getting excited about the 2.1% these jokers promised. What they don't tell you is...you have a monthly service charge from Evalon and then I had to lease equipment from Ladco Leasing...this is where the problem starts. Ladco told me the only way to do credit cards over the internet is to lease their equipment to process the card over the web. So, I wasn't leasing any equipment, I was leasing the internet. Not knowing it was a personal guarantee for 4 years. I signed up. The company closed and they still wanted their monthly lease. Since, I bank at USBank they would steal money out of my personal accounts. Even took money out of a another company, that I was a partner in, which we banked at USBank. When I formally complained to USBank and demanded that money back, they did, but now have collection people coming after me. Not sure what to do but going to continue to fight them.

I am very disillusioned with Ladco Leasing and Elavon processing. I closed my business several months ago, I called both Ladco and Elavon to close the accounts and return the terminal. I signed a years lease which ended in March of 2011. I was informed by Ladco that I still had 36 months remaining on the lease which is impossible first off, then they proceeded to advise me that I could purchase the terminal for the amount of $1, 710.00 this is their fee of $47.50 per month for 36 months, I was shocked considering you can buy a new terminal ( same as I have ) for around $200.00. Either way I am paying the same amount. I was told that they could try and sub lease the terminal but there is $100.00 charge for this and no guarantee they will locate another company to take over their terminal. This is crazy. I also would like to locate anyone who has started a class action suite against LADCO, I would like to join the suite. Elavon also wants to charge me $190.00 to close my account with them. I am looking for advice from anyone who has dealt with these crooked companies.

On June 25, 2010, the salesman name Marc Palluck (Paradigm Direct Company) came to my shop and showed me the way to save money if I switched the service to Paradign Direct. I was promised that could cancel the service any time without penalty. I did cancel the service after 2 months using their service. After canceling the services, I received phone calls from Nick Adams- CCA ( Ladco Company) harassing me and want over $8000.00 for breaking contracts. I kept telling him I did not sign any equipment leasing with his company. To the point I could not communicate with him, I hired a lawyer to represent my case. Around the first week in March, Ladco's Lawyer email the copy of the leasing. This is the first time I saw the leasing equipment with Azura and Ladco Leasing company. They forged my signatures on all the contract / leasing equipments.

Now the Ladco' s Lawyer email to my lawyer: " The CCA representative is authorized to speak to you about trying to reach a resolution and will be contacting you to discuss settlement alternatives."

You guy should asked them for a copy of the contract / lease and look carefully to see if you sign that.

Ladco Leasing is billing me $42.02 per month, with a 36-month lease, for the use of "Virtual Merchant Software."

I do not have any equipment other than the old-school, non-electronic hand-swipe thingamajig, for which I was billed a one-time fee of $30.

Am I being scammed?

I was referred by my bank Regions to Ladco leasing after working in bank for 23yrs and knowing about merchant services I was told by Ladco that my contract was non cancellation. I never sign anything I can't cancel I have been paying this company for 5yrs now totaling 4000 for a machine for 350 or less and they still debiting my account for all kinds of unauthorized fees and every time I call to see when contract ends I get a different response. I am willing to join a class action suit also very much pissed off.I hope they will pay back every cent they have stole from business.