Lease Finance Group, A Division Of CIT
Ripoff, deception, and a non-cancellable lease ripoff

Glad (and very sorry) to hear that there are some other victims of this fraudulent scheme perpetrated by Lease Finance group, a division of CIT and the merchant service companies that are in cahoots with them. They got me also and my story is very simalar to the rest of the complaints you might be reading.

I am a small business owner, I was contacted in November by National Translink Corporation about setting up a merchant account to accept payment by credit cards for my services. Since it was a home-based internet business, I figured accepting credit cards was probably a good idea. The telemarketer set up an appointment for us to meet with one of their representatives.

Rule number one: never invite a vampire into your house! The meeting was leaning towards high pressure to accept. Mark Marcanio of Midwest Chargeservice Inc explained all of the benefits and answered the questions that we had. Everything seemed on the level.

Mr Marcanio even explained about the leasing of the equipment and the fact that it was a 2 year contract which somehow turned out to be 4 years. Knowing what I know about products like cellular phones, a 2 year contract (which always have some kind of out-clause) did not seem out of the ordinary. NO mention of Lease Finance Group, CIT, or a non-cancellable lease.

I signed, and received my receipt which is a yellow piece of paper with Midwest Chargeservice, Inc. I did not find out about CIT until 8 months later when we moved the business and they sent a bill, then a late notice, then another bill for 2 months with a penalty fee. I called CIT to find out what these charges were for.

Kim King (probably not her real name) of CIT informed me that they were the lease charges for my POS terminal. I said I never heard of them, she responded, Didn't you read your lease? What lease? I looked high and low for a paper that I never had received.

Well, you probably know the rest of the story...$51.91 per month with no end in sight. I hope that by filing this report it will add more credability to any lawsuit that may be brought against Lease Finance Group, a division of CIT.

Kind of like a recent candidate got caught saying: "These guys are some of the, well, you know, most crooked bunch of liars out there

Company: Lease Finance Group, A Division Of CIT
Country: USA
State: Illinois
City: Chicago
Address: 233 N Michigan Ave, Ste 1800
Phone: 8883212307

  <     >