Evalon / Ladco Leasing 18 Negative Reviews | Customer Service

Excessive price gouging

I am pretty pissed off at myself, but more so with Elavon. I leased 2 terminals for my companies. 4 year...

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Arcade Credit Cards

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POS Terminal machines

In 2001 my wife was approached by I believe initially by First Data services which eventually were switched...

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Knoxville Equipment Leasing & Financing

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lease payments beyond the time of my restaurant building lease

In 2011 I leased a small building for four years and opened a restaurant. I recently closed it and called...

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1 comment Equipment Leasing & Financing

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Scam

For any of you who could utilize this information, here you are: Erik Porter is the Director of Busine...

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Equipment Leasing & Financing

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Credit Card Processing Scam

Like so many stories before, we were unscrupulously duped by Ladco Leasing. I certainly wished I would have...

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5 comments Dallas Equipment Leasing & Financing

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frampton ·

They might as well use a gun

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.

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AdPro LLC ·

Unfair business practices

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.

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De
determat Apr 24, 2012

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100% agree with you. Promise you save money on transaction where you do save some money:
They don't tell you about monthly service charge and then I had to lease equipment. Also you have to pay 50$ insurance on the machine and tell you it's worth 2000$ if you want to buy it. Where on the internet you can get them for 100-200$
Will change company (go back to global) as soon as contract is done.

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Cindy's Consignments ·

CONTRACTS

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.

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Sm
Small Town, Tenn. Mar 14, 2013

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I received a phone call from a representative of Ladco Leasing who basically conned me into leasing their product. Myself, being a new and first time business owner wanted to provide my customers with a ATM service. Unfortunately I was robbed 3 months after receiving equipment. I never could build the money back up to run the machine, but continued to pay for the ATM machine for 2 1/2 years until my business was forced to close due to the economy. At that point they said I owed them 10, 000.00+ dollars.After telling them that there was no way I could do that it jumped up to 14, 000.00+!Well I personally took the ATM machine to the place they asked it to be returned to in Knoxville.At that point it was turned over to a collection agency who basically threatened to sue. taking me to court and putting a lean on my home. I was able to work with them settling for 7, 000.00 dollars in which I had to borrow money from bank to pay. I deeply encourage anybody to steer clear of this company if anyway possible!

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Tjsalo May 17, 2013

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I as well am very dissatisfied with Ladco. I think they are unfair and unwilling to help their customers. All they want is your money through your bank account. DO NOT GIVE THEM ACCESS TO YOUR BANKING INFO! They will start charging you hidden fees and when you are fed up with them, they will say you have signed a lease and the only way out is to pay them for it.

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Luonglynn ·

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Verified customer

Stay away

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.

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Business & Finance

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Forged signature and fraudulent business practices

I owned a small business and was interested in getting financing for my customers. I looked at several...

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5 comments Metairie Equipment Leasing & Financing

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credit card processing fees

Same as the previous two guys. The old bait and switch. Paradigm representative J.W. showed up at my...

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1 comment Denver Equipment Leasing & Financing

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dubitable ·

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a verified customer

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leasing fees

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?

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Equipment Leasing & Financing

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Lu
LUIS kim Mar 04, 2011

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We will start the class action suit. Now we are gathering more people.
Please be a part of us and contact me at 858 568 5865 or [email protected]
You are not alone. Don't give up.
If you have been scammed by Payment systems, Azura or Ladco, please contact me.

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credit card Terminal

in April 2008, my business partner and myself went through Citizen's National Bank, the bank that our...

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21 comments Equipment Leasing & Financing

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Samantha ·

Sales person check box non cancellation

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.

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Loans

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screwladco Apr 10, 2010

Hi, I too am going through crap with Ladco Leasing. I did have the gumption to put a block on my checking account but now they are threatening me with $1800 bill or they will ruin my credit. I can't afford an attorney because my business is now closed. Is anyone aware of a class action suit I can join?
Thanks

D Starr
[email protected]

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Randy WF Feb 21, 2011

TOTALLY AGREE. LADCO LEASING IS THE MOST UNDERHANDED COMPANY I'VE EVER DEALT WITH. I AM ALSO HAVING A HUGE ISSUE WITH THEM TRYING TO EXTORT $6700. FROM MY BROTHER AND MY BUSINESS. IT WILL PUT US INTO BANKRUPTCY!!! THEY LIED AND CHEATED AND COULD CARE LESS !

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Randy WF Feb 21, 2011

ANYONE KNOW IF THERE IS ANY SERIOUS CLASS ACTION LAWSUIT TALK GOING ON ? FROM THE LOOKS OF THIS WEBSITE, THERE'S PLENTY OF VICTIMS AND THEY ARE ALL CLEAR ON WHO THE PERP IS!

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Lu
LUIS kim Mar 04, 2011

This comment was posted by
a verified customer

Verified customer

We will start the class action suit. Now we are gathering more people.
Please be a part of us and contact me at 858 568 5865 or [email protected]
You are not alone. Don't give up.
If you have been scammed by Payment systems, Azura or Ladco, please contact me.

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Karinusia Jun 12, 2011

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Verified customer

I just learned that I signed the contract with them, being trick to do so by a sales person. I am willing to look into pressing charges, I wanted to return the equipment in a first week. They wouldn't let me.

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