Like everyone else that has reported CIT, our experience is no differetn. My wife signed a lease and the business is now closed. We have tried to work with them to understand what it would take to make it go away, and have received the same threats: Pay us everything we want or we will ruin your credit. Further, they would not tell us the details of the financial arrangement, ie. The amount paid for the credit card machine and the interest rate, but rather became very angry when we asked the questions and refused to provide any other information. Again just making threats, which we call extortion.
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