Northern Leasing Systems, Inc.insists that even if equipment as described in lease is not received, Lessee must still pay full lease amount! I tried to cancel the lease the day after it was signed, because the equipment received was NOT the same as the equipment listed on the lease. Also, the date on the lease for the ISO signing over ownership to Northern Leasing is BEFORE any equipment was received by me! But they refused to cancel it, and they tried to return the shipment to me when I tried to send it back.
Equipment actually received:
Old, used, deliberated altered and mislabeled. Possibly stolen as the serial number and other markings were scratched out or covered up with other stickers.
Did a search on the Internet for the actual equipment received, and found that the same model, in as used a condition as the one I received, could be purchased for ONLY FIVE DOLLARS! The Northern Leasing Systems, Inc. Lease totals up to $2,312.64.
I filed a complaint against Northern Leasing Systems, Inc. With:
FTC: fraud and deliberate misrepresentation
USPS: mail fraud, since lease arrived in mail
Washington State Attorney General: fraud and deliberate misrepresentation
BBB: fraud and deliberate misrepresentation
Some people say that my actual complaint is with the ISO? How can that be, since I didn't receive ANY equipment until AFTER the equipment was signed over to Northern Leasing Systems, Inc.? That means that Northern Leasing Systems, Inc. Already OWNED the equipment BEFORE I received it. When I tried to contact or mention the original ISO, who had sent me a signed letter stating the terms, to have those terms enforced, I was told that the ISO "wasn't an employee" and had "no authority", depsite the ISO using the company letterhead and signing as "Director of Operations"!
It seems to me that Northern Leasing Systems, Inc. Should have immediately rescinded my lease and gone after the ISO themselves. But nooo... They must be part of the scam, since they are basically protecting the ISO and going after me (I was served a complaint summons on June 7) as the personal guarantor, more than two years after I stopped all payments, ACH, etc. From my company when I realized it was a scam.
Further, the original lease that I signed was only one page, and was DIFFERENT from the lease copy which Northern Leasing Systems, Inc. Mailed to me more than 2 weeks after the original lease was signed. My original lease only had one page, the copy that Northern Leasing Systems, Inc. Sent me had four pages. Terms that were on my original lease were crossed out, with new terms written in, and "initialed" by some person "R.G." who I do not know nor have any knowledge of.
Also, on their complaint summons, they have used an address for me WHICH I NEVER USED BEFORE IN MY LIFE. My only view about this is that they were deliberating using an incorrect address in order to receive a default judgment against me.
I have kept all records (document photocopies, photographs of equipment, photographs of boxes and all delivery records and envelopes) to document this experience and hopefully will win my day in court soon.
* And this is just the equipment leasing aspect of this fiasco. I won't go into the shenanigans and theft by the merchant processor company itself! 1st National Processing is their name, and they are NOT an actual processor, but only a representative of Humboldt Bank. However, 1st National Processing will divert your merchant deposits into their own account, the take out fees of their own before allowing the funds to finally make it into your bank account. They were regularly taking, without any notice to me or my company, approximately 20% to 50% of any proceeds in any given month! *
I am creating a website, "northernfleasing.com" in the next few days. Hopefully it can be a repository of information on other's experiences with this company.
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