Their rep. Solicited my shoe store to use their credit card processing sevice. We were very busy and I foolishly did not read the contract. I just asked him what I was signing and he just told me it would save me "hundreds of dollars in processing fees"! He never mentioned anything about a 48 month lease on their machine @ $69.99 per month deducted from our store bank account. Auditing our account I noticed that they deducted $80.71 each month and not $69.99. I called them and informed them I was told I could cancel at any time. They said no! They said "read your contract"! They said the rep. Could not have promised that. The contract says it the service can be cancelled for a $395.00 charge if cancelled within one year of the contract and for $295.00 if cancelled after one year.
The contract also says the lease of the machine from MBF Leasing cannot be cancelled for any reason. So I was lied to and in fact swindled according to my lawyer. He says I can close my account but that they will then come after me in small claims court in New York He also says the New York court would be sympathetic to me and that we would probably prevail because this is obviously a rip-off!
However he said MBF Leasing would assume that I wouldn't journey to New York to defend myself, and that is how they would ultimately prevail by getting a default judgement and transfering it to California.
I am hoping for a class action lawsuit. These people are lowest form of disgusting pig puke, and I'd love to see them go down!
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