Difference between revisions of "LeaseComm"

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[[Category:Business
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[[Category:Businesses]]
Ratings]]
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[[LeaseComm]] Corporation is a company which lends money for purchases of relatively low-cost ("small ticket") business equipment. They are headquartered in [[Woburn, MA]].
[http://leasecomm.com/ LeaseComm Corporation] is a company which lends
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==Links==
money for purchases of relatively low-cost ("small ticket") business
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* [http://leasecomm.com/ LeaseComm] web site
equipment. They are headquartered in Woburn, MA.
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==Reviews==
=Opinions=
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From [[User:Woozle|Woozle]] 12:28, 29 Apr 2005 (EST):
==[[User:Woozle|Woozle]] 11:28, 29 Apr 2005 (CST)==
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These people have a special place on my hate-list. Admittedly, the
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These people have a special place on my hate-list. Admittedly, the fault may lie as much with [[Cardservice International]] as with
fault may lie as much with [[Cardservice International]] as with
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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.
LeaseComm, but all of my contact with LeaseComm over the incident had a
+
 
very strong flavor of sleaze.
+
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.
In 1995 or 1996, I signed on with CardService International to receive
+
 
credit-card processing services. As part of that, it was necessary to
+
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.
have software, and since we already had computers they recommended the
+
 
[[PTC]] software rather than purchasing a separate "terminal" as was
+
(Article to be expanded with additional details and documentation at a later date.)
more common at that time. When I was signing the 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, but the salesman insisted that it 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 $60 automatic deductions from my
 
account did not stop. The agreement 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 agreement (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.)
 

Latest revision as of 21:57, 7 November 2005

LeaseComm Corporation is a company which lends money for purchases of relatively low-cost ("small ticket") business equipment. They are headquartered in Woburn, MA.

Links

Reviews

From Woozle 12:28, 29 Apr 2005 (EST):

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.)