Difference between revisions of "LeaseComm"
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have software, and since we already had computers they recommended the | have software, and since we already had computers they recommended the | ||
[[PTC]] software rather than purchasing a separate "terminal" as was | [[PTC]] software rather than purchasing a separate "terminal" as was | ||
| − | more common at that time. When I was signing the contract, I noted that | + | more common at that time. So I signed both an agreement with |
| − | the language of the fine-print seemed to be presenting the transaction | + | CardService, for card processing services, and a contract with |
| − | as a ''lease'' of the software rather than a purchase. I pointed this | + | LeaseComm for the PTC software. |
| − | + | When I was signing the LeaseComm contract, I noted that the language of | |
| − | opted for the shorter purchase period, which was something like | + | the fine-print seemed to be presenting the transaction as a ''lease'' |
| + | of the software rather than a purchase. I pointed this out to the | ||
| + | salesman, but he insisted that the contract was in fact a purchase. I | ||
| + | also opted for the shorter purchase period, which was something like | ||
$60/month for 2 years instead of $30/month for 5 years -- and again, | $60/month for 2 years instead of $30/month for 5 years -- and again, | ||
these numbers wouldn't make sense for anything but a purchase. Being | these numbers wouldn't make sense for anything but a purchase. Being | ||
somewhat naive at that time, I signed. | somewhat naive at that time, I signed. | ||
| − | Long story short, two years later the $60 | + | Long story short, two years later the automatic monthly $60 deductions |
| − | account did not stop. The | + | from my account did not stop. The contract apparently really was a |
| − | branch of Cardservice which had provided the salesman in question was | + | lease. The branch of Cardservice which had provided the salesman in |
| − | nowhere to be found (email bounced, letters returned). After a lot of | + | question was nowhere to be found (email bounced, letters returned). |
| − | arguing with LeaseComm I was able to get out of the | + | After a lot of arguing with LeaseComm I was able to get out of the |
| − | less pleasant than it sounds), but only after paying an extra $400 or | + | contract (this is less pleasant than it sounds), but only after paying |
| − | so. | + | an extra $400 or so. |
(Article to be expanded with additional details and documentation at a | (Article to be expanded with additional details and documentation at a | ||
later date.) | later date.) | ||
Revision as of 17:33, 29 April 2005
[[Category:Business Ratings]] LeaseComm Corporation is a company which lends money for purchases of relatively low-cost ("small ticket") business equipment. They are headquartered in Woburn, MA.
Opinions
Woozle 11:28, 29 Apr 2005 (CST)
These people have a special place on my hate-list. Admittedly, the fault may lie as much with Cardservice International as with LeaseComm, but all of my contact with LeaseComm over the incident had a very strong flavor of sleaze. In 1995 or 1996, I signed on with CardService International to receive credit-card processing services. As part of that, it was necessary to have software, and since we already had computers they recommended the PTC software rather than purchasing a separate "terminal" as was more common at that time. So I signed both an agreement with CardService, for card processing services, and a contract with LeaseComm for the PTC software. When I was signing the LeaseComm contract, I noted that the language of the fine-print seemed to be presenting the transaction as a lease of the software rather than a purchase. I pointed this out to the salesman, but he insisted that the contract was in fact a purchase. I also opted for the shorter purchase period, which was something like $60/month for 2 years instead of $30/month for 5 years -- and again, these numbers wouldn't make sense for anything but a purchase. Being somewhat naive at that time, I signed. Long story short, two years later the automatic monthly $60 deductions from my account did not stop. The contract apparently really was a lease. The branch of Cardservice which had provided the salesman in question was nowhere to be found (email bounced, letters returned). After a lot of arguing with LeaseComm I was able to get out of the contract (this is less pleasant than it sounds), but only after paying an extra $400 or so. (Article to be expanded with additional details and documentation at a later date.)