Its funny how the owners of these fly by night scams will come out trying to defend their own unethical practices!!! It makes me happy when I see them try to "save" their reputation... I.E. Their scams because I know that someone avoided being ripped off! Its obvious their lies were brought to their attention and they googled to find their shady dealings exposed!
This company (LRM Leasing and WWEL Finance) is one big sham! They put tracking devices on every vehicle and will pick up your truck when you are miles away from home and under a load. They justify their repossession for you being over 5 days late on a payment or if you don't answer their phone call or at their own discretion. Can you imagine your mortage company foreclosing on your home because you paid 5 days late? Or because you changed your phone number? If they did they'd end up on Dateline! Or can you imagine paying rent on a home for 6 months and after 5 weeks the landlord evicts you for changing your phone number and refuses to refund your money? They'd end up in court!
These crooks use thug tactics to repossess the vehicle such as blocking you in at truck stops, try to file a false police report stating that you stole the vehicle, encourage the repo man to instigate a fight with you, tampering with your trailer so you can't move, cutting the seal on your load to cost more money, pretending to be someone else, and lying. They'll repossess it for any reason and refuse to give it back unless you pay the full amount of the vehicle.
All truckers need to band together to get rid of guys like this. Due to a bad economy they are popping up everywhere ripping people off. All of them, WWEL Finance, LRM Leasing, NO Credit Check.com (Gulfport Mississippi) now known as the American Truck Group, Moutaineer Leasing, etc... Should be put out of business. Its just a matter of time before you see these guys on "American Greed." All truckers who have been ripped off should band together to form a class action lawsuit and get the justice we deserve! They are ruining the trucking industry with these schemes and scams putting hard working truckers out of work and out of their hard earned money.
Don't think that their shady contracts will stand up in court! These are bait and switch operations that will show you one contract or vehicle and then sweet talk you as they present you with a different contract to sign. These guys work with shady dealers and will tamper with the vehicles to cause so many maintenance issues that you loose the truck in less than 3 months so they can re-lease it to another unsuspecting victim. They make their money off of the high deposits not the monthly payments so they keep flipping the vehicle over and over. Think about it if they re-lease the same vehicle 10 times in 1 year requiring a $12,000 deposit they've earned $120,000 in 1 year! Versus only earning $18,000 by allowing one driver to keep the vehicle all year long (12 payments at $1500/mth). The deposits may be higher or lower based on the amount of the vehicle.
Don't let them get away with it! Stop patronizing these crooks today!!
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