Leasecomm has finally run afoul of the law and is canceling $24 million in judgments against consumers (story).

Ladonna of St Marie, MT February 25, 2008

I have originally started with them in late 2001 and have been forced into payments for a "Virtual" terminal that started off at 49.00 a month...which I never got a chance to use. Now, some 6 years later, the contract amount is still above 1400.00 and I have been making monthly payments of 100.00 per month, only to find that they have given me a negative credit report, in addition to continual contract extensions without my knowledge. This amount seems to never end and get threats from them every 2 weeks and I am victim of fraud. Please help as I refused to make any more payments to this shady organization.

Gerard of Red Bank, NJ December 16, 2007

Gerard of Red Bank NJ (12/16/07)
I was solicited by phone first, then in person by a salesman from Xtracash ATM looking to place an ATM terminal in my place of business. This soon became a team of three salesman with the team leader being Joe Messina of Xtracash ATM. I eventually agreed to place the ATM after reviewing a contract from Xtracash, but shortly before delivery this contract was switched to Leasecomm who they claimed had just merged with Xtracash and I would need to sign this contract. I was assured by Mr. Messina that the contract could and would be voided and the ATM terminal relocated if the bussiness needed to close its doors.

Due to our close proximaty to the World Trade Center Path station we were forced to close this location.  I had contacted Mr. Messina and Leasecomm to have the terminal relocated . They refused and Leasecomm denied responsibility or knowledge of Mr. Messina and continiued to withdraw payments from my business account until it was depleted. Leasecomm filed suit, won a Judgement, has a lein on my home and has destroyed my credit rating. I have just learned the Federal Trade Commission has a ruling against Leasecomm for deceptive sales practices. I did not know this when I went to court. What can I do?

6000.00 lein and credit rating damage.

Carlos of Jupiter, FL February 12, 2007

On or about 03-01-06 I received a letter from Leasecomm demanding over 600.00 because I did not cancel a contract properly. Not knowing what this was about I contacted Leasecomm and spoke to Mike Mahoney. Mr. Mahoney indicated the contract was for a lease of a credit card machine leased to Best Rubber Stamp and Seal Corp. I informed Mr. Mahoney that Best Rubber Stamp and Seal Corp. was dissolved in Feb. of 2006 and the credit card machine lease was up in april of 2004. Mr. Mahoney indicated the machine was to be sent back to Leasecomm within one month of ending the contract with a letter closing the account because I did not follow this plan I owed Leasecomm over 600.00.

I advised Mr. Mahoney the Card Services International salesman informed me BesRubber Stamp and Seal Corp. would own the machine at the end of the lease which was opened in April 2000 and ended April 2004. I continued the lease for an extra 20 months until the corp. dissolved in Feb. 2006. I paid Card Services International 59.95 for 68 months for a total of 4076.60. Mr. Mahoney insisted I pay Leasecomm and did not care what the Card Services salesman promissed. After speaking with Leasecomm I contacted Card Services who advised they could not help me. They indicated the lease of the machine was a separate issue which they had nothing to do with. I pointed out I was making payments to Card Services Intl. and the machine has a Card Services logo on it yet they had nothing to do with the machine.

Following my contact with Card Services I went on the Internet and discovered a multitude of complaints against Leasecomm most of them mirroring my complaint. I e-mailed the Federal Trade Commission who suggested I contact an attorney for help. Please help me. I dont want these crooks to get away with ripping me off!

Donna of Cleveland, GA May 22, 2009

I "leased" a credit card processing terminal through this company via my processor...Merchant Lynx...for a period of 4 years...2002-2006....they NEVER contacted me to renew or renegotiate but continued to go up on my lease payments each year...they started at 59.99 for the first 4 years..they are now up to 74.87....

I finally did some investigating and realized that was being scammed and decided to change companies....they have become extremely aggressive and nasty over the phone. I have paid thousands of dollars for a terminal that is only worth 100 or less. Now they want another 300 to keep it or return it. This company has many complaints against it...is there no way to stop this kind of business??

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