We signed a 48 month "Non-Cancellable Lease" (and it isn't even spelled correctly on the 'contract') on 3/4/07 and $78.94 is faithfully deducted from our checking account each month. I didn't even realize the contract was non-cancelable until we stopped using our machine to process credit cards.
I pulled the contract from our file and called LFG's customer service #1-866-781-0440 to see if there was any way out. A person who said his name was Angelo answered, and after explaining to him that we can no longer afford to lease the machine, I would like to know if there was any way out of the lease. I was told the only way out of the contract would be to pay the entire balance in full $2,473.75.
I don't remember if we were told during the 'pitch' if the contract was non-cancelable; and I don't remember if it states it on the top copy of the triplicate form that we got the pink copy of.
Now that I think of it, I get absolutely zero correspondence from 'LFG' (Lease Finance Group). I've never received any paperwork from them, not a statement, a receipt, or anything. Thinking about it now that is very odd; considering the company who actually processes our credit card transactions (a separate company) sends us statements monthly, and an occasional memo.
I really want to get out of this contract, it is not benefiting our company, especially now with the economy in the state it is in. We sincerely appreciate any help.
Thank you
P.S. I feel sick after reading their BBB report.
Copy & paste this link to see it for yourself http://chicago. BBB.org/WWWRoot/Report. Aspx? Site=46&bbb=0654&firm=27006448
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