I had leased credit card processing machines from The Lease Finance Group through my agreement with Card Services International. I sold the business using those credit card machines, the new owners continued to use the machines and Card Services International to process credit card transactions. Lease Finance Group took payments from the new business owners for the machines. The business was subsquently sold again tha the third set of owners continued to use the machines. Only when the bank account disallowed auto lease payments to be made did LFG contact me.
Their approach was more hardline than an organized crime family looking for loan shark payments. Their insistent calling was unsettling as was their angry tone on the messages. Their threats included trashing my credit rating and compiling interest, late payment penalties, as well as continuing the lease charges even after I agreed to help them with the new owners.
I found the whole experience with Lease Finance Group, a division of CIT Financial to be the most negative business experience I have ever had.in order to get them to stop the assault I agreed to pay over the phone and take the matter to the subsequent business owners myself even though LFG had been doing business with them for over a year.
Anyone even considering using Lease Finance Group should run, not walk, away from any deal they propose.
Richard
Campbell, California
U.S.A.
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