This company is a complete scam!! If they have screwed you too, please file a complaint with the NY Attorney General's office. He has already gone after them and made them pay millions! Google AG Schneiderman and LFG to see the story. You can also file an online complaint on that same website!
Describe what happened so we can understand the issue...
I have ben tracking this since Sept.2014 and contacted all of the BBB to help find this company LFG.
They were not heard from until I closed my bank account.
A salesman David Bouchillon approached us we did not call him.While at our store he flat out lied about saving us
money with our processing fees.He was representing a company called Payment Systems/Orlando.He stated there
were no interchange fees and that the equipment lease was all included in his figures.
Of course this all happens while the store is operating with customers inside. We were caught of guard and were too trusting of Davin.He left us with no paperwork except a hand written interview paper with the Payment Systems /Orlando logo on it.And his false savings figures. After realizing what had just happened I called Davin to request copies of the paperwork. He stated that he quit this job and did not help.Then Davin disappeared.
I did not even know who to contact,Payment Systems Orlando finally traced down to Merchant Processing Solutions
,LosAngeles,Ca.There was also a company in N.Y. that was involved but they pointed me back to Merchant Processing in Ca.
I had to contact the BBB for all these businesses to figure this out. After going back
and forth with the help of the BBB of Silicon Valley,San Jose,CA. Merchants Processing/Payment Systems closed the account.Turns out this is only the processing account. With the help of my bank we figured out LFG,Chicago was taking money directly from our account for an equipment lease.We were forced to close this account as I will not have a company like LFG with this bank information and the ability to go into my bank account.
I am now receiving statements for $200 plus dollars a month plus phone calls to my business and home.
There is no talking to LFG,I am trying to deal with them thru the BBB Chicago. When I ask to speak with someone
besides the accounts manager that calls me,She says that is not possible. there has to be a reasonable solution
to this fraud. I cannot afford this $200. plus a month equipment lease that I was scammed into.
I do not have any paperwork except a hand written piece of paper with the salesman phone numbers and a
heading of Payment Systems/Orlando.
Consent to publish the description of what happened? Consent provided
I leased a credit card terminal as a lease to own contract, a non-cancelable, 3 year contract. At the end of the three years I called and asked "what do I have to do to own the terminal?" The person was very short with me and refused to give me much information. He took my lease number and said "do you want to keep the warrenty?" I thought that sounded like a good idea so I said yes. He had me sign an agreement online. I could only see the bottom portion and he told me it wasto keep the warranty in force.
I received a copy of it in October and did not really pay much attention. When the charges from NPC my processing company went up I called and canceled that service with out any problem. But when I called LFG I was told no way.
I am locked into a contract. If I do not pay they will send it to collection and report to a credit agency.? Sure.
But when I did report this to the company should they have cared how their employee tricked me? YES, Should they let me out of the lease? Yes they should, it was obtained under false pretences.
To make matters worse, in October 2015 the terminal will be non compliant because it does not read chips, so if I use it I will be liable for any fraudulent charges and the resulting fines which can be from $10.000 to $25,000. This is not fair at all.
The agent supervisor I spoke to seems to think it is all on me because I let my self be swindledl When I asked her about the 600+ complaints on BBB she said they were all "people like me" who don't read the contract.
In other words this is the way they conduct their business all the time. The do not tell people they are getting into a non-cancelable contract they just do it and sit back and laugh, and threaten to ruin your credit.
I signed a lease with LFG in 2003 for 48 months for a CC processing machine. This company was brought to me through a sales represenative who was selling us CC processing services. This salesman sold this service as a great deal because I could buy the machine for $1 at the end of the lease. ("Total BS") My fault on that fantasy.
Reguardless I completed the 48 months (2007) and returned the equipment at the end of the lease to the addres they had provided. The $59.00 dollar monthly deduction disappeared for my bank statement.
Seven years later I found out that they had changed the deduction amount by a couple of dollars and continue to deduct monthly for (7 MORE YEARS). The amount flew under our radar as we thought it was another fee connected to our CC processing.
When I contacted them they claim not to have received our equipment and that we would have to provide a written proof of receipt from thier recieving department fro 7 years ago.( We never received one !)
They refused to stop the checking accout deductions so I put a stop payment on the amount via Key Bank NA. LFG simply change the amount to go around the stop payment. Key Bank NA has no interesti in stopping the deductions and refuses to help with the problem stating" they can't do that". Apparantely when you bank at KEY Bank NA, LFG has more control over you account that you the account holder.
Don't bank at KEY Bank NA as I find them unfriendly to small business. They are actually complicit to helping LFG to continue to rip me off. Thier Exsecutive complaint department is more concerned with a CYA mentality.
Bottom line LFG is a major rip-off company and the bank (at least Key Bank NA) is complicit with their scam.
So far I've paid over $8000.00 for a $300.00 obsolete piece of equipment!! This has to stop! The fleecing of small business in America.
In 2002 my gallery signed up with BB&T to process credit cards. The rep introduced us to the equipment vendor LFG who sold us on a lease for the credit card processing and talked us into "trying" a check processing machine that we could supposedly cancel and return in first 60 days. We were young and newbies to mom & pop business so we said yes to the trial.
We quickly realized we did not want the check approval machine and called to reurn it, we were told by Lease Finaince Group that we could not return it unless we bought out the 4 year lease for over $1700. We tried in vain to contact the sales person then the District Manager and then the Bank VP. At most we got one call and then never a follow up. As we were starting up our business with many many things to worry with we let the lease go assuming we were stuck.
At the end of the 4 year lease we returned the equipment and enlisted a new company and equipmenet.
What we did not realize was that Lease Finaince Group LLC continued to debit the lease aoount from our chekcing account. Using now another credit card authorization company made it very difficlut to tell what debits were for who and for what. I take the blame for naive business practices and accounting and record keeping. live and learn.
In 2014 I had to close my business account as the bank I used was closing the branch in our area. I then begin receiving calls from the LFG demanding payment. When I realize who they are and why they are calling, they tell me they never received the equipement and I learn I have been paying on the lease for 8 years. I have paid over $7000 for a $400 piece of equipment.
Had they stood by the orignal promise that I could trial the equipment and had taken it back as promised, which was a complete lie, I would have avoided this situation. They prey on small Mom & Pop business' where the principals are so busy just trying to keeo the doors open and then lie from the start. Granted I was dumb and niave starting out but now just one more hard lesson from unethical companies.
Now I see Clas Action Lawsuits settled in 2013 and many other similar complaints. Do I have any recourse for the thousands of dollars I have paid these crooks?
Lease Finance Group was taken money out of our checking account monthly for so called Credit card equipment that we did not even have from them.
When we realized what was going on we cancelled our checking account so they could not receive any more money from us.
Then we started receiving phone calls from them constantly. We finally told them we were getting our lawyer involved and the calls stopped for awhile.
Then the letters started coming in demanding the money and equipment we never had in the first place. What started out at $61.50 they wanted has now gone up to $1644.30.
We have sent numerous letters and made numerous phone calls demanding they show up a contract. It's been 4 years and they still have yet to produce any contract.
this company is a total rip off! Someone needs to stop these people from harrassing people for money that is not owed to them!!!
Lease Finance Group LLC Reviews
This company is a complete scam!! If they have screwed you too, please file a complaint with the NY Attorney General's office. He has already gone after them and made them pay millions! Google AG Schneiderman and LFG to see the story. You can also file an online complaint on that same website!
This company has provided me a product that has malfuntioned 5 months ago and has done nothing to help me with my problem.
Describe what happened so we can understand the issue...
I have ben tracking this since Sept.2014 and contacted all of the BBB to help find this company LFG.
They were not heard from until I closed my bank account.
A salesman David Bouchillon approached us we did not call him.While at our store he flat out lied about saving us
money with our processing fees.He was representing a company called Payment Systems/Orlando.He stated there
were no interchange fees and that the equipment lease was all included in his figures.
Of course this all happens while the store is operating with customers inside. We were caught of guard and were too trusting of Davin.He left us with no paperwork except a hand written interview paper with the Payment Systems /Orlando logo on it.And his false savings figures. After realizing what had just happened I called Davin to request copies of the paperwork. He stated that he quit this job and did not help.Then Davin disappeared.
I did not even know who to contact,Payment Systems Orlando finally traced down to Merchant Processing Solutions
,LosAngeles,Ca.There was also a company in N.Y. that was involved but they pointed me back to Merchant Processing in Ca.
I had to contact the BBB for all these businesses to figure this out. After going back
and forth with the help of the BBB of Silicon Valley,San Jose,CA. Merchants Processing/Payment Systems closed the account.Turns out this is only the processing account. With the help of my bank we figured out LFG,Chicago was taking money directly from our account for an equipment lease.We were forced to close this account as I will not have a company like LFG with this bank information and the ability to go into my bank account.
I am now receiving statements for $200 plus dollars a month plus phone calls to my business and home.
There is no talking to LFG,I am trying to deal with them thru the BBB Chicago. When I ask to speak with someone
besides the accounts manager that calls me,She says that is not possible. there has to be a reasonable solution
to this fraud. I cannot afford this $200. plus a month equipment lease that I was scammed into.
I do not have any paperwork except a hand written piece of paper with the salesman phone numbers and a
heading of Payment Systems/Orlando.
Consent to publish the description of what happened? Consent provided
I leased a credit card terminal as a lease to own contract, a non-cancelable, 3 year contract. At the end of the three years I called and asked "what do I have to do to own the terminal?" The person was very short with me and refused to give me much information. He took my lease number and said "do you want to keep the warrenty?" I thought that sounded like a good idea so I said yes. He had me sign an agreement online. I could only see the bottom portion and he told me it wasto keep the warranty in force.
I received a copy of it in October and did not really pay much attention. When the charges from NPC my processing company went up I called and canceled that service with out any problem. But when I called LFG I was told no way.
I am locked into a contract. If I do not pay they will send it to collection and report to a credit agency.? Sure.
But when I did report this to the company should they have cared how their employee tricked me? YES, Should they let me out of the lease? Yes they should, it was obtained under false pretences.
To make matters worse, in October 2015 the terminal will be non compliant because it does not read chips, so if I use it I will be liable for any fraudulent charges and the resulting fines which can be from $10.000 to $25,000. This is not fair at all.
The agent supervisor I spoke to seems to think it is all on me because I let my self be swindledl When I asked her about the 600+ complaints on BBB she said they were all "people like me" who don't read the contract.
In other words this is the way they conduct their business all the time. The do not tell people they are getting into a non-cancelable contract they just do it and sit back and laugh, and threaten to ruin your credit.
I signed a lease with LFG in 2003 for 48 months for a CC processing machine. This company was brought to me through a sales represenative who was selling us CC processing services. This salesman sold this service as a great deal because I could buy the machine for $1 at the end of the lease. ("Total BS") My fault on that fantasy.
Reguardless I completed the 48 months (2007) and returned the equipment at the end of the lease to the addres they had provided. The $59.00 dollar monthly deduction disappeared for my bank statement.
Seven years later I found out that they had changed the deduction amount by a couple of dollars and continue to deduct monthly for (7 MORE YEARS). The amount flew under our radar as we thought it was another fee connected to our CC processing.
When I contacted them they claim not to have received our equipment and that we would have to provide a written proof of receipt from thier recieving department fro 7 years ago.( We never received one !)
They refused to stop the checking accout deductions so I put a stop payment on the amount via Key Bank NA. LFG simply change the amount to go around the stop payment. Key Bank NA has no interesti in stopping the deductions and refuses to help with the problem stating" they can't do that". Apparantely when you bank at KEY Bank NA, LFG has more control over you account that you the account holder.
Don't bank at KEY Bank NA as I find them unfriendly to small business. They are actually complicit to helping LFG to continue to rip me off. Thier Exsecutive complaint department is more concerned with a CYA mentality.
Bottom line LFG is a major rip-off company and the bank (at least Key Bank NA) is complicit with their scam.
So far I've paid over $8000.00 for a $300.00 obsolete piece of equipment!! This has to stop! The fleecing of small business in America.
In 2002 my gallery signed up with BB&T to process credit cards. The rep introduced us to the equipment vendor LFG who sold us on a lease for the credit card processing and talked us into "trying" a check processing machine that we could supposedly cancel and return in first 60 days. We were young and newbies to mom & pop business so we said yes to the trial.
We quickly realized we did not want the check approval machine and called to reurn it, we were told by Lease Finaince Group that we could not return it unless we bought out the 4 year lease for over $1700. We tried in vain to contact the sales person then the District Manager and then the Bank VP. At most we got one call and then never a follow up. As we were starting up our business with many many things to worry with we let the lease go assuming we were stuck.
At the end of the 4 year lease we returned the equipment and enlisted a new company and equipmenet.
What we did not realize was that Lease Finaince Group LLC continued to debit the lease aoount from our chekcing account. Using now another credit card authorization company made it very difficlut to tell what debits were for who and for what. I take the blame for naive business practices and accounting and record keeping. live and learn.
In 2014 I had to close my business account as the bank I used was closing the branch in our area. I then begin receiving calls from the LFG demanding payment. When I realize who they are and why they are calling, they tell me they never received the equipement and I learn I have been paying on the lease for 8 years. I have paid over $7000 for a $400 piece of equipment.
Had they stood by the orignal promise that I could trial the equipment and had taken it back as promised, which was a complete lie, I would have avoided this situation. They prey on small Mom & Pop business' where the principals are so busy just trying to keeo the doors open and then lie from the start. Granted I was dumb and niave starting out but now just one more hard lesson from unethical companies.
Now I see Clas Action Lawsuits settled in 2013 and many other similar complaints. Do I have any recourse for the thousands of dollars I have paid these crooks?
Lease Finance Group was taken money out of our checking account monthly for so called Credit card equipment that we did not even have from them.
When we realized what was going on we cancelled our checking account so they could not receive any more money from us.
Then we started receiving phone calls from them constantly. We finally told them we were getting our lawyer involved and the calls stopped for awhile.
Then the letters started coming in demanding the money and equipment we never had in the first place. What started out at $61.50 they wanted has now gone up to $1644.30.
We have sent numerous letters and made numerous phone calls demanding they show up a contract. It's been 4 years and they still have yet to produce any contract.
this company is a total rip off! Someone needs to stop these people from harrassing people for money that is not owed to them!!!