My husband and I were ripped off by Leasecomm just like all of you.
We owned a small computer business and were approached by a salesman who offered us a credit card machine. We jumped at the opportunity and filled out an application. He sent us the machine and got us set up and running. He said that he would fax us a copy of the lease contract and we never got it.
We thought that we were leasing the machine from Northern Financial, Inc. Which was the company that approached us. For 6 months the payments came out of our business account and when we had to close the store, we called the salesman and never got a call back to tell us what to do with the machine.
About two years later we got a phone call from our banker saying that someone was trying to levy money from our accounts and he told them that there wasn't any money in the accounts to levy. That is how we found out that they had sued us and in Mass. Not in Minnesota. They also sued us for about twice what they were entitled to under the lease agreement. For two years I have been fighting the attorney they hired to take our money and after reading a report that I found on the Federal Trade Commission's web site it changed everything.
You see Leasecomm was court ordered to vacate all of those judgments they illegally obtained in Mass. And on top of that they were court ordered to stop any and all collections.
If you want to read that for yourselves here is how you do it. Go to www.ftc. Gov. Go to the top of the home page where it says search. Type in "Leasecomm" just like that. Scroll through all of the reports until you get to the court order. Print that and read it. If you don't understand it bring it to an attorney. It will be the best money you ever spend. If I hadn't started college last year to become a paralegal I would never have found any of this out. I was taking a legal research class and just for fun typed in "Leasecomm" into a few search engines and that is what I found out.
I immediately called the attorney who was trying to garnish our money and ordered him to stop immediately. He admitted to having knowledge about the order but chose to ignore it for almost a year. Meanwhile we have had that thing on our credit report and have been unable to get a mortgage because of it.
I am looking forward to what an attorney will have to say about all of this when we meet next week. Please update on-line so I can see if I have been of any assistance to any of you. I would love nothing more for Leasecomm to lose millions to people just being informed about their unfair business practices. Most a year ago.
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