We origninally signed an agreement with Citicapital who transferred the agreement to Citicorp Vendor Finance, and subsiquently to CIT. There was no notice from Citicorp that the rental was being transferred.
The new billing from CIT appeared fraudulent because we had no record of doing business with CIT.
CIT used all kinds of tactics to not allow the lease to sunset. They refused multiple attempts by me to return the equipment as stipulated in the documentation and insisted on continuing to add charges after the rental's end.
Do not choose this vendor as they continue to act in bad faith.
If you have a lease agreement that lets the lender transfer the lease without notice—cross that stipulation off of the agreement. Apparently, CIT purchases a lot of paper from other reputable companies and then abuses the lender.
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