Like many of the others I recently read about here, I too was ripped off by Ladco Leasing & LandMark Merchant Solutions. Ladco refused to do anything about thier affiliate not providing the website which basically reulted in the POS equipment being un-useable by me. At least LandMark Merchant Solutions was wise enough not to push thier contract. After advice from my attorney, as well as a Federal Officer, I stopped all payments to them as well as had my bank retract the last payment from August.
Seems now they (April) have filed a charge off against my credit report without my knowledge, so I could not contest thier information to the courts. Which action has resulted in my losing valuable business credit, possibly losing my bonding as well. Haven't heard from the bonding company at this time yet, although I did get a letter stating they would be looking at my credit again in a few months.
I have just began hiring an attorney whom I am going to have file a suit for $100.00 on each dollar of charge off filed against me. Which only comes to 235k, I've already lost well over 250k in financing due to this.
Rip-offs like this company need to be pursued and sued by anyone and everyone that has had problems with thier tactics.
As a long-time contractor, I believe in the extra mile and making things right, not ripping honest and hardworking people off.
If any others have information, or wish to get involved in a case against this company, I would welcome thier input. However, I fully intend to start this case immediately and have already started the ball rolling.
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