Weekly Bulletin Board Complaint

1) The vendor called saying he had not been paid for a piece of equipment, and should have followed the Better Business Bureau report on this company located in Southern California. The lessee located in Tennessee signed the contract on November 22, and stated to the Leasing Company in Orange County that they check in amount of $10,406.86 “...cleared my bank on December 2nd. I do not understand why your company would ask for more information after accepting a deposit.”

“ *********finally came back to the customer with an approval that required an additional $6,000.00 upfront   This was in addition to the $10,400 he had already sent them with his lease for a $105,000 machine.  Needless to say the customer was completely frustrated and trapped.   He didn't have the additional $6,000 and knew he could not cancel and get his $10,400 back so he has ordered a panel saw for around $25,000 to clear his account with ********* and get what money he could back from them.    It was a very unfortunate experience and his plans for the CNC machine have been postponed indefinitely.   

“I wish he would have sent me the lease agreement to read before he sent it in.   He was to trusting and as we all know - if it is too good to be true it probably is. “

2) “Because of your news letter and because it would be unthinkable for us to send $50,000 to a man in Florida without a contract, and escrow account, etc., we did not send the money.  Since then, several "customers" of the ******s have contacted us with similar stories.  They are such smooth talkers.  They play against each other.  When I had a problem with old man *******, I called ******* and asked why would ****** wanted to know if I had talked to my attorney and why did I not trust them.  "Good ole *****" smoothes things over and attributes any misunderstandings to old age and the generation gap!”

“. Either way, both wanted me to wire them money.  Then they
could take the wired money to the rich investor looking for the tax write off.  I would have 60 days to purchase all the equipment, etc., present them with the bills, then get the money wired to me.

”First of all, how do you get $2,000.000 to spend on equipment, if you need the $2,000.000 to buy the equipment.  There were so many outs for them in the contract.  If we didn't meet certain requirements, our $50.000 would be a non-returnable deposit!!

”Tell all to stay away from the ******....Nothing but bad news.”

There are two other complaints, but too early to comment upon them at this time, as they involve companies already on the Leasing News Complaint Bulletin Board.