First of all, MBF Leasing is a huge rip off! They leased equipment to us valued at $800 (tops--if we had bought it from an expensive retail store) for $250 per months for 48 months (not including tax and insurance, which totaled $280/mo). That means we paid $13, 400 for equipment worth only $800. Okay fine, we made a mistake by signing with these greedy money grubbers--that's not the killer.

Their customer service representative lied to us and told us to return the equipment a whole month early. We paid for 48 months of leasing and only received 47. I called customer service and spoke with their manager, the most useless manager I've ever spoken with. He said that the bottom line is that we signed a lease for 48 months, they got 48 payments, and that he will terminate the contract--then he hung up on me.

Total losses: $12, 500 and a month of leasing

Seriously, do NOT sign with this company, unless you don't care about your money.

November 28, 2006 a representative from Merchant Services (a credit card processing company) came to our place of business (small Auto Repair) my Husband was busy and the rates the saleman quoted were less than the company we were currently with. At that time, we owned our own Credit Card machine. The Salesman (Mark DiResto) told my husband that we couldn't use that machine we would have to lease. Thinking the lease would be until the machine was paid for, he said he would lease it. After 3 years we wanted to change companies and I called Merchant Services to see when our contract was up. I was told it was already up and the contract was only 3 years. They informed me that the machine was a totally different company not connected in any way to them. I had only one contract and the worksheet the Salesman left. The company name on the worksheet was Merchant Services and the contract was blank at the top with no company identification on it. The person from Merchant Services gave me a number to contact MBF Leasing. I tried several times to contact them but it all led to their system disconnecting me. Finally, I sent a fax asking someone to contact me. I got not call. I put a stop payment on the account. In checking my records I found that the contract started at $139.99 and ended up @ 159.46 per month, we were never notified of the increase. They rudely contacted me after they were unable to get a payment. I asked for a copy of the contract and they faxed it to me. I couldn't read it and the next person who called and harrassed me (Eric) They were calling 2-3 times a day, told me he would send a hard copy. I never received a hard copy. In the meantime, they somehow, without authorization, took $1990.86 out of our account! They sent me a copy of the contract which seems to be signed by my Husband but we did not have a copy of it nor do we remember it. We paid over $6, 000 for a $400.00 machine! I checked MBF Leasing on the internet and found that they have An "F" rating with the BBB and 756 complaints filed against them. Can someone please stop them?

I quit using the terminal several years ago when I changed my merchant company to Icon. A big mistake. Icon was supposed to pay MBF leasing but has never paid it. I am stuck paying of the lease for 2 more years of $59.06 per month.
When the lease is over I have to return the terminal so I decided rather than keeping it here and it getting damaged or mispaced. I returned it. Now MBF is telling me they never received it. When my lease is over they will charge me $300 for the terminal. It never came back to me so you know they received it.

Carole Hughes

Credit card processing company salesman came in 2 years ago promising lower rates. after completing a worksheet showing how i would save hundreds of dollars a month. i agreed as long as he got rid of my other processors contracts. I told him i did not need a machine i already had one that was paid for that worked with my pos system. I was told i neededthe new machine and it would work with pos and still save me lots of money. when i got my first bank statement i complained to the salesman and he said he no longer works for the company they made him do unethical things. Iwas shown my signed lease agreement. i really don't remember signing it. why would i sign it? For the last 30 months i paid 143 a month for something i did not need. the proccesing company who had cheaper rates went up a few months later and now i'm paying for that as well. I need to get out of this lease, any suggestions.

I was cheated by this company the same way they cheat other company.
I was sued by them in New York Court. I went on to answer the court and follow the court order to appear in court to defense myself. I demanded this company to provide me a solid original contract with my name, signature. This company do not ave the contract. and they are very onerous each time I appear in court they reset the court date without notice you. They scam the consumer and cheating the legal system. They cheat me like they cheat thousand of people. Can we start the class action against this company