Lease Finance Group
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Category: Business & Finances
Contact Information
233 N Michigan Ave #1800, Chigaco, Illinois, United States
Phone number: 866-781-0440
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Lease Finance Group Reviews
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21 Degrees Cigars
May 9, 2011
Additional Fees Charged
We entered into a lease with Lease Finance Group on 7/31/2008. The lease amount was to be $39.00 a month for 48 months, we are now being billed $42.73 a month. The total cost of the debit card pin pad was $1872.00 which is $1500.00 over what it would have cost us to purchase a debit card pin pad. But the credit card processing sale person, John Cannon from Icon Payment Solutions said we had to get this machine since it was the only one that was programmed for their system. So ok that was how it was but now the lease company keeps adding fees for sales tax, property tax, and insurance. We have the machine insured under our business and they can not tell me how they calculate the sales tax or property tax on the unit. They have charged total of $109.14 just for taxes since 7/2008. I have called and they just give me the run around and I can not talk to a supervisor as she is out of town until next week. Funny I have tried numerous time in the last 3 years and she is always out of town. I can not stress strongly enough if you are approached by Icon Payment Solution or any credit card company that wants you to lease equiment run away as fast as you can as they are all crooks and scamers. As soon as our lease is up in 15 months lease finance group will be getting their inferior quality machine back and I hope to never hear from them again. I also will never lease another peice of equipment. These companies prey on small businesses and should be hung out and dried. Does anyone know of any class action law suites again lease finance group as I would love to join and sue the heck out of them.
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Asek Q
March 22, 2011
Scam
In September of 2009, a guy named, Shawn Wallace, representing Merchant Services visited me at my deli and told me that his company will give me $1, 500 for switching my credit card processor and will give me the machine for free that will work with DSL connection and there would be no contract. It sounded too good to be true but he showed me the paperwork to prove that. I, unfortunately, trusted the guy and signed the paperwork. A few days later I got the paperwork in the mail from Lease Finance Group stating that I signed up a 4-yr. contract. I tried to contact LFG but to no vain. Now, they're taking me to a court in New York (I live in Kansas), I want to sue this company bad! And wish to see SHAWN WALLACE behind bars.
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AJ
February 24, 2011
I closed my bus./account 2 years ago they just charge my acc. $50
In 2004 the FIRST month with this company they lost over 38 thousand dollars in cc sales and debits.It took 8 months to get all but $53.00 back in my account.4 year lease. 2008 canceled my lease and mailed the equipment back. We shortly closed the business.Had to keep the business account for direct withdraws for existing loans.2 years 2 months later they just took $50.00 out, no reason/explanation from the 800#. 5 times I called I was put on hold, disconnected and given the run around. They finally gave me a complaint EMAIL address. I should have known from the beginning but I was locked in. I did email with NO response.Didn't really expect one
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KS_MAN
January 21, 2011
Equipment Lease
In September of 2009, a guy named, Shawn Wallace, representing Merchant Services visited me at my deli and told me that his company will give me $1, 500 for switching my credit card processor and will give me the machine for free that will work with DSL connection and there would be no contract. It sounded too good to be true but he showed me the paperwork to prove that. I, unfortunately, trusted the guy and signed the paperwork. A few days later I got the paperwork in the mail from Lease Finance Group stating that I signed up a 4-yr. contract. I tried to contact LFG but to no vain. Now, they're taking me to a court in New York (I live in Kansas), I want to sue this company bad! And wish to see SHAWN WALLACE behind bars
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abbys
December 6, 2010
They will charge you forever!
This company said i was on a 48 month lease for this NURIT credit card machine...then it would be mine (if I had only known these are about $200 to purchase outright)! They have charged me over $6000 for a broken down machine I stopped using 5 years ago...YOU CANNOT REACH THEM BY PHONE...Had to end up stopping their automatic drafts thru my bank..., DO NOT DO BUSINESS WITH LFG LEASE FINANCE GROUP...THEY ARE CROOKS!
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njr33306
November 2, 2010
SCAM ARTIST
I was looking for a merchant account and came across a company that came out to my home and sold me equipment. Everything was fine with the merchant but I started having problems with the company that leased my credit card machine, Lease Finance Group LLC.
I first started having problems with this company when I went to change my bank. I called Lease Finance and told them that I was changing banks and needed to change my banking information to my new bank. Well they said that would be fine and told me they would fax me the proper forms to change the information. They did send it. I filled it out and faxed it back. They said they never recieved it. So I faxed it again. Again they said they never recieved it. So I said is there a way to do this over the phone. The man I spoke with said yes and he would put my new credit card information on the account and that would be charged every month automaticly.
I figured everything was taken care of until I got a call from another agent asking for payment. I then told them what I had done the previous month. She told me that there is no way for them to take the old banking information off of their system. I had to actually go down to my bank and request a stop payment. I asked why I wasn't told this before when I tried changing the information the month before. Of course she didn't know. So I went down to my bank and put a stop payment on that account. Well while I'm going through this I find out that they charged my old account, which I still had open for a few things. The money of course was not in that account so every time they charged that account they gave me a return back fee and my bank charges me as well. I asked them how many times they charged the old account and they said the first month they charged it 5 times and this month they charged it 3 times. On top of that they charged me late fees.
Now I thought I took care of this the month before. At least that's what the agent said when I spoke with him. So I started to get angry. I asked to speak with a supervisor and they always tell me that there isn't one for me to speak with. I tell them I will not pay for these charges and they tell me that they will keep calling every day until I do. They refuse to take the charges off. I just don't know what to do. I have been hung up on and yelled at. I will not take any more of this abuse. If anybody has any suggestions on what I should do I would greatly appreciate it.
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Sheriff
August 22, 2010
Huge scam
I signed this 48 month contract for this machinr through LFG that never even worked properly, but still made payments of $116 for 48 months. My contract is now up, and they are now telling me that I have to pay a buyout price for the machine. I asked to speak to a manager, and they refused to put me on with one. I tried to even pay the buyout but everytime I call they raise the price!! I now have to pay a lawyer to get this resolved. They keep threatening to ruin my perfect credit. I don't understand how they are still in business with over 100 complaints. Please bring us customers some justice and shut them down!
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katieann0320
July 20, 2010
Scam
This place is a scam!!! Do NOT sign a lease with them. You cant terminate the lease even if your not accepting credit cards anymore. They are very rude also!
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Binkys Beads
June 7, 2010
won't terminate expired lease
This company would like to continue to bill for an expired and cancelled contract.
As of today they say I have two accounts past due.
One expired Nov 2009 and it was confirmed that it would not be renewed back in 2007 because the
machine and processing did not work and the sales rep got me another machine that worked
sporatically.
The second machine was returned for servicing with a letter of cancellation/do not renew contract.
I gave LFG the tracking number and address I was advised to send it to.
When processing sales when the machine double billed the client I was charged for double processing and
then another fee for reversing their mistat4e. The double billing did not even show up on the daily
batch report but would show up on the end of month report. The machine never worked on a regular
basis.
They say they have passed my account on to collection. After I just paid a lease for 4 years on a machine that never worked and I paid the lease on until 2 months ago. That lease was up in November 2009.
The sales reps employer has a problem with him and he no longer works for them.
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ithappnd2me
April 22, 2010
Scams
Yes. Lease Finance Group will take your money. They are billing me for a machine I don't even have and made my credit score look awful. They want $5000 for a $99 terminal! CRAZY!!!
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