ATM Leasing Companies Riping off small businesses. Promising to install a free ATM machine in your business for five years. The company would ask you to lease the machine and then they would guarantee to make the lease payments for you to keep the machine in your business. They say they will make there money by advertisement that they will place on the ATM machine.
The company would send you a check for a month or two for the lease payments and stop. The business owner is then stuck with having to continue to pay off the lease. If you don't or can't make the payments the Lease company then file for a judgement againt the business owner for nonpayment of lease that amount to over $18,000. Then the business owner has a judgement againt them for $18,000 and a court order to pay back the money. The lease company has a attorney to place liens and holds on all your personal property and assets including your bank accounts.
There's an article posted on the Attorney General of Vermont website about these ATM Leasing Companies agree to Refund payments to local businesses of Vermont. This ripoff is still happening nationwide. I'm trying to get my money back from Frontier Leasing Corp. I was a victim of this ripoff in NC. So I'm telling you they are still out there taking small businesses with this same story. If anybody can help me to get my moneyback feel free to contact me. If you know someone who has been bitten by these company get them to speakout. The more people come forward the better the chance we have to fight back.
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