LeaseComm - Revision history

Woozle: moved to htyp

2005-11-07T21:58:14Z

moved to htyp

← Older revision		Revision as of 21:58, 7 November 2005
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	~~[[Category:Business Reviews]]~~		{{to htyp}}
	~~[http://leasecomm.com/ 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=~~
	~~==[[User:Woozle\|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.)~~

Woozle at 20:45, 24 May 2005

2005-05-24T20:45:34Z

← Older revision		Revision as of 20:45, 24 May 2005
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	[[Category:Business ~~Ratings~~]]		[[Category:Business Reviews]]
	[http://leasecomm.com/ 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 money for purchases of relatively low-cost ("small ticket") business equipment. They are headquartered in Woburn, MA.

Woozle: /* Woozle 11:28, 29 Apr 2005 (CST) */

2005-04-29T17:33:12Z

Woozle 11:28, 29 Apr 2005 (CST)

← Older revision		Revision as of 17:33, 29 April 2005
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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 LeaseComm, but all of my contact with LeaseComm over the incident had a very strong flavor of sleaze.		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. ~~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.		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.

	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.		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.)		(Article to be expanded with additional details and documentation at a later date.)

Woozle at 17:29, 29 April 2005

2005-04-29T17:29:32Z

← Older revision		Revision as of 17:29, 29 April 2005
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	[[Category:~~Reviews~~]]		[[Category:Business Ratings]]
	[http://leasecomm.com/ 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 money for purchases of relatively low-cost ("small ticket") business equipment. They are headquartered in Woburn, MA.

Woozle at 17:28, 29 April 2005

2005-04-29T17:28:48Z

New page

[[Category:Reviews]]
[http://leasecomm.com/ 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=
==[[User:Woozle|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. 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.)