Lease Finance Group - Chicago

call me or email me .. THere are hundreds of us. We are trying to file a class action....

Jason,

Sorry to hear about your woes. Since your disgusting experience with these reptiles, I hope you have gone online to investigate them and, much to your chagrin, probably discovered that there are thousands, maybe tens-of-thousands of victims just like you (I'm one).

There are too many problems in getting justice:

1) Because of the small amount of money involved (usually under $5k) the credit reporting agencies consider it "frivolous" and won't do anything --especially TransUnion, which I suspect is in bed with LFG (they gave me exactly the same response as they did you).

2) The IAG's office has been inundated with complaints about this company. Do they have bigger fish to fry, definitely, or is there a Blogo element here? I don't know.

3) THE BIGGIE: LFG is a subsidiary of CITICORP! The corporation that we --the taxpayers-- just paid $45+ BILLION to bail out! And then they're scamming and ripping us off for a thousand, two thousand, three thousand dollars!

Welcome to "fair" --small-- business in America!

Best of luck in getting the upper hand on these slime balls.

I am wondering if anyone had any luck with the AG of Illinois. I previously filed a complaint with them and wondered if anyone has been helped.

You are stupid!! Get your "facts" straight. They are not a subsidiary of CITICORP!! That's like me saying your related to Charles Manson.

Do some real research on the company and you will see who owns them. Continue to call them and get an attourney to apply pressure on them and you can get out of the lease.

contact monica prandi in her office....and they will do something about it..

I entered into a lease agreement with LFG and did not know it. I suppose to have a warranty and they have no clue as to who the hell i send it to for repairs. I received several different numbers and no one has a freaking lue. The slim ball sales agent (who conveniently LFG does not know...does not work with them is a bigger slim ball). I want in!! i will be happy to sign a petition, contact states attorney'S offices to help put these SOB's out of their misery. This is one of the reasons we are in such a financial mess.....greedy,lying scum like this!! I have not mentioned all the crap i have been through because i can go on-and-on... Please let me know when to expect the class action suit/what i can do to help the process.....

Thanks for listening,
Pissed off small business owner

Who is Monica Prandi? I got taken and would like some help.

LFG has many vulnerable points, in my opinion. One is the different charges that, in addition to the lease amount, they charge their customers. The company, formed in Delaware and registered in Illinois, charges for insurance over the equipment that they state "they did not sale" but only made the money available to the end user. The agreement says it is "non cancellable" by the lessee for any reason and also that if the equipment is damaged or lost the lesse still is bound by the agreement. In other words, why they charge insurance on something that they don't own or care about. Another thing is that they charge sales tax for the State where the lessee has its business. I have not searched other states, but in Florida they are not registered with the Department of State, nor they have a Resale Tax Certificate, both of which are necessary to file and pay taxes in Florida.

In addition, the lease indicates that Lessee has 7 days from the date of signing to return the machine and cancel the lease; but the lease to be effective should be also signed by a LFG officer and this is done -at least in our case- much later than the 7 days. Then we never got copy of the lease until recently, when we wanted to cancel the lease and found that we never got the lease back from them.

Lastly, the person who signed our lease -an illegible signature, by the way- purports to be the President of the company. LFG is a LLC - limited liability company - and it has MEMBERS, not President and the likes. When doing a search on Illinois entities data base, it appears that it has only one member, by the name of Jay Cohen, who is/was also a member of many other similar lease-finance entities.

Doing additional research on other states may give interesting results as to their authorization to do business in such other states and their registration with the respective Department of State and Department of Revenue to collect sales tax.

I've been trying to call them and cant get in touch with them. I actually paid off the machine over a period of 3 and a half years and I just want a letter stating that I paid the equipment off. I didnt know this was a scam even though the equipment didnt work and the small business I had closed about 2 and a half years ago. Nonetheless lease finance group still made me pay for it and threatened to jack up my credit report if I didnt pay. So now I see all these complaints about this company ripping people off and I'm realizing that I've been ripped off too. If anybody knows anything about a class action suit I can be contacted at **. I would appreciate any information and help in getting my money back.

Have closed my bank account and will not give them another dime just recieved a call from a Shamal Harmon and he wants me to call him directly for the payoff which is crazy because it has been years now and I feel I have paid the amount owned then he said with a final payment of $225.33 I will be out? after 5 years That is enough.
I will take the advise and call the BBB in IL and in AZ I am still in business and feel I do not need LFG taking any more money.

does anyone have a contact number for lfg? i got scammed too

1-800-683 5433 x 6442 will get you to Wendy Civil - Manager is Tomeka Small...hasn't helped me thus far

Quote:

Hello my name is Nikki and I noticed you are having the same problem with lfg leasing...................well I have had with this company. Please contact me at it's time someone do something about this. Its been two years since I had any dealings with them and they have their machine, however two days ago they attempted to take 3300.00 from my account. So I am pissed and ready to take action and I'm asking for your help and others. Please contact me.


Thanks,

Nikki

Has anyone had any success with a class action yet? If not, maybe I can get a lawyer to do one. I have contacts...used to be in the legal profession. I got taken too... 10 years after I "owned" the machine, they lifted $652 out of my business account.


[EMAIL="marcy@delesandri.com"]
[/EMAIL]

My business shut down 8 years ago, only 3 months after opening. I paid off my lease sent back my machine and never heard another word...until last week. There was a $1400 ACH withdrawal on my bank account. Now, there is nothing on my credit from them (because this was rectified years ago) I have had the same bank account the last 8 years and they never tried to withdrawal a dime until recently. It is obviously fishy because if I infact still owed them money (which I don't), having my banking information you would think they would have went after it yearssssssssss ago and put something on my credit report. I haven't even gotten letters in the mail. No contact with this company at all in 8 years. I called my bank told them it was an unauthrorized transaction. They refunded my money. After reading about LFG online I closed my bank account. I tried calling LFG the day it happened, I was told I needed to speak with Wendy Civil (1-800-683 5433 Ext 6442). I called and left messages and didn't hear back, I was giving them the benefit of the doubt this was an error. After reversing their transaction I got a call from them today go figure. I proceeded to tell them I got my money back and didn't need her assistance. Boy was she ever mad. Try to get the funds back from your bank, no court in their right mind would take their suits seriously. 8 years and nothing on my credit, and even if it did end up there, dispute it and make them send proof of debt, THEY DONT HAVE IT!!! Good Luck LFG your going to need it, everyone is onto your SCAM!

I too have been ripped off. It's been three years of harrassment. I get letters and phone calls at home and at work. I'm tired and wished someone could help..

hello,
i have also been scammed by LFG. I am making facebook page for a class action lawsuit against them. If you'd like to join, kindly send me your full name (as it appears on facebook) so i can invite you to join the group. this is the only way we can get everyone together and decide how to take action. i have proof that i was scammed !
my email address is

Hello All, I am a small business owner. In my eyes LFG is not to be blammed for any of these issues. When your CC processor (The one you freely selected) came and set up your account, did you ask any questions of him or her. There are many different ways to set up your merchant account. It seems that their are many people complaining, that did not do their due diligent research on an intigral part of their own business. Remember, some people choose to have free equipment but pay a higher % rate for transactions. Other business owners choose to lease the equipment and have a low rate to allow their business to expand exponentially. I went with the lease and felt that I was being taken also, until I actually looked at the cash I was saving in my processing rate. I would have been wasting 1000's per month if I would have taken free equipment. Before you start blaming anybody, take a look at yourselves and ask, "Did I do my research properly and was my CC Salesman one of integrity?" I will not promote who I have as my processor, but they explained everything very clearly. Most of you are probably pissed off because a salesman sold you something and you took it hook, line and sinker because you didn't know any better. This is the first time I have ever written in a blog and all I have to say is, EDUCATE YOURSELF before you jump into something that has to do with your livelihood. Thank you to whomever reads this and hopefully it opens the right eyes. God Bless

Quote:

Yesterday my lease has been terminated after 4 months been opened, i've had the confirmation on the phone today, now i'll wait for something in written in the mail ! You wanna get out of your lease ? do what i did, but it's not immediate and requires a lot of toughness and time ... don't pay these crooks and forget state attorneys, BBB, FTC or even your bank will help you, but it's still good to let them know ... contact me i'll help you out, Alex

Listen "Knowledge is power" ... you don't know what you're talking about, Lease Finance Group and its sister Northern Leasing have been condemned many times in a court of law for fraud and misrepresentation, by a judge not by me, so don't talk just to refresh your mouth to people who have been scammed and ripped off by crooks, because that's what they are, i hope you'll read this and think the next time you open your useless mouth. Alex, Pissed business owner who fought and won against these crooks !!!

Quote:

I am concerned about what everyone is writing about. I just recently paid off on my lease account and intend to close my account before I receive any more billings from LFG. My question is: where are they telling you to send the equipment when you want to return it (payed off). I just received an address from one of the representatives and I checked on the company name using reverse address ???Equipment Processing Center??? in New York but there is no such business, instead it is a persons name under the address?

Quote:

These guys are complete F#%$s!!!
Can someone PLEASE put an end to these $#%@?

Has anyone actually been taken to court by LFG?

I signed the contract with salesman from SUMMIT MERCHANT SOLUTIONS who offered lower check and credit card processing fees. Weeks later found out that salesman lied to me. Salesman never told me about NON-CANCELABLE LEASE and THIRD PARTY COMPANY LFG. I called LFG and they told me they can't cancel the contract and threatened to ruin my credit score. i am stuck with the equipments for 5 years. This is complete lie and DON'T DEAL WITH THEM. I am paying lease + insurance for the equipments not being used. please help me to get out of this.

My husband and I closed our businees almost two years ago. We never did use the machine and when he called to return it the company refused to take it back stating that we owed then for he entire lease. They continues to take payments out of our account until we finally closed them. I have tried to contact them to settle the account only to be told that I owe them an amount that is worth more them the two year lease. I spoke to a Julissa Gomez at 800-683-5433 ext 8144. She is very rude and unprofessional. She states that she is the account manager and that she has no supervisor. According to her, she is in charge of Lease Finance Group. Maybe someone else can give her a call and see if she truely is in charge.

Is a Class Action still planned against LFG?
Please count me in!

I own a restaurant and have been completely taken by LFG. I am absolutely livid over the deceptive practices conducted by the salesperson, company, affiliates, etc. I have planned to contact the BBB, Attorney General, etc. I have developed a nice family restaurant for my family and am now in danger of seeing it go down because of these lawless merchant service companies. I saw where you got out of it Alex...please let me know the steps that you have taken. I can be contacted at .

Personal info removed for your safety - Jason

Thanks so much,

KB...small business owner in the South

My contract was finished about 6 months ago and I put a stop / blocked pay on them on my account to prevent them from taking money from my account. It worked, but, my stop pay only went for 6 months. I noticed 2 days ago that they were scheduled to get a debit from my account for $4.50! I went right to the bank and did another stop pay for 6 months. Cost $30. I am contacting an attorney to see what I can do. I am going to point him to this blog also.
KB - they won't let you get out of it. And even when you pay for 5 years (like I did = $17,000) they still are going to try and steal it. I would consider changing bank account numbers.

Please contact me [EMAIL="Joyful2009@hotmail.com"]Joyful2009@hotmail.com[/EMAIL]

Ollie Gibbs

I see that a lot of people for many years have been getting ripped off from this company. I am one of the most recent. I have hired a lawyer. Their contract is shady to say the least. Their business ethics are bottom of the barrel, greedy, shit all over you type. I would love to gather some people for a class acton lawsuit if any one is interested to try. One of my main problems is I am in TX and they have the clause in the contract to pull the suit it IL. We are working to find a way around that. If anyone out there is in TX please contact me.

spam removed[URL="http://www.facebook.com/#%21/group.php?gid=133272530043168"][/URL]

I have similar problems. I paid my lease off. As per the terms told them I didn't want their services anymore via phone and email. Asked them to send address to return fecesy machine they sent me and got not reply. Two months later I get a bill for 2 months of service I told them I no longer needed. The gluteus maximus on the other end of the phone told me the address to send the machine and told me I still owed the two months lease. Then as I told her what exactly I thought about her company in no uncertain terms, the female dog hung up on me.

Sorry to say we got taken in by LFG's deceptive marketing techniques. They have scrapped our credit and would love to join a class action suit. These guys need to be run out of town!

Dear Alex!
I do know what I should do now... I couldn't sleep every night, and in the morning be woken up by Finance Leasing Group..they called me every morning.. I didn't know I was in 4 years non cancellation contract with them.. As the first time, the sales man from Global Company called me and offer me really good deal as he told me I could cancel it anytime as long as I paid the termination fee... I signed the paper with $59/ month.. And I got overcharge everymonth.. After 4 months , my business going down, I have to close my business, They push me to pay $2800 for remaining months I owe... It's ridiculous that the machine costs only $400 and I have to pay with that amount even I don't use it... I tried to contact the salesman and his company in CA, but it is useful. No one pick up phone, and I ho search on the Internet, find out a lot people just like me... I tear out everyday... I try to negotiate with them but they don't give me a chance, just want my money, my bank account... Please. Alex can you help me out... Please send me the email via

Email removed per Terms of Service. ~OG

I like to know if any one know about a class action low suit to Lease Finance Group. I like to partecipate

Our office was finagled by these swindling bastards about 2 years ago. We would be happy to join in a "class action" lawsuit against these unethical, malicious S.O.B's.
We are in Louisville, KY and I have tried to contact them numerous times about some equipment that was never even used. They claim we can buy out for almost $3000 without the equipment or $2500 if we return the equipment. We have contacted the Attorney Generals offices in Kentucky, Illinois and New York(location of their parent company). This has got to be the most classless, unprofessional group of people ever put together by a company. Apparently, they are allowed to say and do whatever they would like when calling your place of business.........we have been told over the past few months...."shut up so I can tell you what you can do..." , "if you would stop moving your F_ _ King lips then I could explain....' - nice way to be spoken to by representatives of LFG. Thank you for those warm words. What frustrates me most is that several official offices and government officials know about this damn disgrace and simply look the other way and allow LFG to continue their "Consumer Terrorism" from one end of this country to the next.

Daughter and I want to join a class action suite against LFG. -I was a co-signer for daughter. We have had nothing but problems with this company. Started the lease on 8/23/2006 (5Yr lease) and daughter was only in business not even 2 yrs, but couldn't get out of lease, but setting this aside, the following occurred each payment cycle. -The lease payment was paid on time, but I would get a phone call as co-signer that the lease wasn't paid which it was. One time my daughter paid with a money order and again they said the lease payment wasn't paid and because she couldn't find the money order receipt she had to pay twice in one month. After the double payment daughter had to send in the payments certified mail and again I would get a call saying the lease payment was not received even when sent certified. -this goes on and on for months At the end of the lease (June 2011) I wrote out a final check for my daughter for a paper trail stating paid in full final lease payment with lease no. on check. I just found out this week after getting ready for income tax that LFG did an electronic debit using the routing no. from the final pay off check not once but twice out of my checking account using the info without my permission in August 2011 after lease was paid in full June 2011. Besides stealing from my personal account, daughter had a signed witness and documentation on the return of the card machine sent registered mail back to LFG, AND AGAIN they said that they didn't receive the machine. ALWAYS HAVING TO PROVE THAT EVERYTHING HAS BEEN PAID AND DONE!!

Yes, I sympathize with you and others. We need a class action!!

Hang in there girlfriend.

Darline

PS: I have contacted the Attorney General, Department of Corporations and my bank, and will file senior financial abuse. I spoke with our family attorney, he said that we could take LFG to small claims beings this is between businesses, but LFG took out money from my personal banking account after the June payoff that was sent by certified mail. My conclusion in this matter is that what happened regarding taking money out of my checking without cause or having my permission and the harassment all the years leads up to disclosure of their Illegal activity and a class action law suite!

I am also being scamed by lfg. how to get rid of them I wish I knew. where is the law in this stuff? I would think there is laws aginst scams. they need to be in jail. The FBI should be intrested, I filed complaints with every place I could find. I am sure they are taking millions!