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Evalon / Ladco Leasing
reviews & complaints

Evalon / Ladco Leasing
reviews & complaints

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19 complaints
10 resolved 9 unresolved
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E
11:48 am

Evalon / Ladco Leasing - Poynt terminal lease

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.

Desired outcome: I’d love for the company to get shut down or put on blast so nobody ever signs another lease with them.

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6:03 am
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Evalon / Ladco Leasing - Excessive price gouging

I am pretty pissed off at myself, but more so with Elavon. I leased 2 terminals for my companies. 4 year agreement at $34.00 a month. So that should be $1632 for the lease. With an option to continue the lease or purchase for $400.00 So, that would be about $2000.00 for each terminal at a cost of about $4000.00. FOR A $300.00 MACHINE! I have read alot of...

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Evalon / Ladco Leasing - POS Terminal machines

In 2001 my wife was approached by I believe initially by First Data services which eventually were switched to Elevon administered by Ladco leasing. We used their equipment for approximately 4 years at pre determined monthly fee which seemed to increased considerable over time. Now when we closed our business in Aug/2015 and wanted to return our lease...

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Evalon / Ladco Leasing - 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 Ladco to return the terminal which I haven't used for a year because I went from Elavon to another credit card company. I called yesterday to find out where to return the terminal and was told I had 18 more months of my lease and would have to pay...

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L
6:03 am
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Evalon / Ladco Leasing - Scam

For any of you who could utilize this information, here you are: Erik Porter is the Director of Business Development at Ladco Leasing (corporate office in CA) from Jan. 2011 to present. Formerly he was in Sales & Marketing with U.S. Bank in the Business Equipment Finance Group for 7 years. LADCO's domain is LADCO.COM. The registrar is NETWORK SOLUTIONS...

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J
7:09 pm
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Evalon / Ladco Leasing - Credit Card Processing Scam

Like so many stories before, we were unscrupulously duped by Ladco Leasing. I certainly wished I would have googled them before falling for this horrendous scam. Unfortunately, the account representative that was trying to get me to change processors never mentioned anything about Ladco. Our business was cold called by Entrust Bankcard Services, which...

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F
11:35 pm
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Evalon / Ladco Leasing - 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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7:02 pm
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Evalon / Ladco Leasing - 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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D
Apr 24, 2012 9:16 am

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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Evalon / Ladco Leasing - 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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T
May 17, 2013 9:16 am

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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S

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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12:02 pm

Evalon / Ladco Leasing - 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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Evalon / Ladco Leasing - Forged signature and fraudulent business practices

I owned a small business and was interested in getting financing for my customers. I looked at several options and chose a company. I was told I would have to lease a specific machine that takes images of checks. I was also told if I didn't like the service I had 30 days to cancel. After a couple weeks, we decided we didn't like the service and tried to...

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Evalon / Ladco Leasing - credit card processing fees

Same as the previous two guys. The old bait and switch. Paradigm representative J.W. showed up at my business asking to see my old processing statements. He ran a bogus analysis showing how much money they could save me. I asked why I needed the credit card swiper when my POS already was capable and he told me that because they don't make money on the...

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D
10:04 pm

Evalon / Ladco Leasing - 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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L
Mar 04, 2011 9:16 am

We will start the class action suit. Now we are gathering more people.
Please be a part of us and contact me at [protected] 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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B
11:11 am
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Evalon / Ladco Leasing - credit card Terminal

in April 2008, my business partner and myself went through Citizen's National Bank, the bank that our business account was in, to get a credit card terminal through Nova (Elavon) for our small new business. We were told by the representative that we could not purchase the terminal, but only lease it with the option to purchase it after a year. The lease wa...

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4:34 pm
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Evalon / Ladco Leasing - 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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K
Jun 12, 2011 9:16 am

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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L
Mar 04, 2011 9:16 am

We will start the class action suit. Now we are gathering more people.
Please be a part of us and contact me at [protected] 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.

Helpful?
0 0
R
Feb 21, 2011 9:16 am

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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R
Feb 21, 2011 9:16 am

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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S
Apr 10, 2010 9:16 am

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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J
11:57 am
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The complaint has been investigated and resolved to the customer’s satisfaction.
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Evalon / Ladco Leasing - ladco leasing scam

Thank goodness I am not alone in this leasing nightmare, like so many of you I started a small business and was convinced by a very friendly bank repersentative at my local bank to go through them for merchant services. At the time I was going to go with an online service where I bought the equipment for a couple of hundred dollars and they needed a letter...

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10:16 am
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The complaint has been investigated and resolved to the customer’s satisfaction.
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This review was chosen algorithmically as the most valued customer feedback.

Evalon / Ladco Leasing - over charged and not reimbursed

I had closed my business, and wanted to finalize my leasing the credit card machine (it was paid off)...they kept charging me and 3 months later I still haven't received a credit on these charges. I have emailed them twice, called a few times. I can't close my business account until this is finalized.

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5:20 pm
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Evalon / Ladco Leasing - RE: Month Charging from Cking Acct

It has come to my attention that Ladco leasing has been charging me a fee every month for the last to be safe 4 years at $37.00 plus dollars and then for Nov. & Dec. over $60.00 a month. I, closed my business in 2003 and they are still Charging me this fee. I, recently sent the machine back to a address in Knox Ville Tn. They were able to deduct another...

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10:43 am
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Evalon / Ladco Leasing - Leasing terms

After working years for someone else I decided to buy a franchise. Ladco was strongly recommended by my back as their partner in merchant services. The contract was written up the rep reminded me over and over that the lease amount was tax deductable as a business expense. (should have reaised a red flag but what did I know) Well 18 months later the...

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Evalon / Ladco Leasing contacts

Phone numbers

+1 800 725 1243 +44 345 850 0195 More phone numbers

Website

www.elavon.com
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