Lease Financial Group

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Category: Business & Finances

Contact Information
United States

Lease Financial Group Reviews

Gebi May 18, 2011
Rip off
Represetative from 'Principal Payment Solution' came to my business location with his lap top and talked a lot for how my little busness can be benefiting using their credit card processing. he never explained verbally that this was noncancelabel contract. and even I did not know there is another company (LFG) been envolved. the represetative is unethical and deceptive in order to acquire my signiture and took my social security number instade of the busness number. on 08/06/09 the machine came to my business place and I called the PPS Rep to help me install and for two days I am calling the given phone number in Phonix Arizona and I have been frastrated with the kind of anwers given, returned the machine immidetly and faxed to cancel the progrm with PPS at the same time. here is the problem the so called LFG sending me letters and calling hundred times for I have to pay $5251.00 or they are going to sue me in New York. what a disaster experiance. I am now on the belief that I was taken advantage of by someone who knew more about service contracts than i did, and did not share with me what it all meant. it is not fair to damage my small 15 seat cafiteria serving ethnic food, runing my credit and hurting my my business. I filed complain to Business Bureau of chicago, and also filling to athrony genral office. with no result yet. I need advice ... help from any one for how can i resolve this problem .
October 23, 2008
Fradulent Billing
I signed a 60 month lease for a credit card terminal with this company in July of 2003. In August of 2008, I contacted Lease Financial Group and spoke to a customer service representative regarding the process for terminating our lease and returning the credit card terminal back to them. We followed the directions given to us and shipped the leased equipment to an address in NY, NY. The customer service representative stated that one final payment would be deducted from the business checking account within 30 days of receipt of the terminal which occurred in September 2008.

So far this month, October 2008, Lease Financial Group has sent one billing invoice and has made three attempt to deduct fees from the business checking account (all for different amounts). After receiving the invoice, I finally had a phone number that I could call to rectify the situation and was told that the equipment received was incomplete; no mention of this was made in August when the equipment was returned. Now I am receiving five to six automated phone calls per day. A search on the internet has many other business owners reporting the "eternal lease strategy" of Lease Financial Group and the various ways that this company extorts further monies out of their own clients. Most interesting of all is the the address show above, which is from the invoice from Lease Financial Group, is for a different branch of the same company that leases health care equipment. Also I have been uable to find a valid web address for this company. In short, this is an unscrupulous company.

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