Pissed Consumer - MBF Leasing Customer Service

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MBF Leasing Customer Service

Mar 3, 2008

MBF Leasing complaint by Thecornerstamp

I have tried to contact MBF Leasing Co. so that i could update the information about my company. i have not been able to do so. on top of all the other problems that i have had with them.. i also am charged $50 a month until 2010. at the end of my contract i would pay $3500.00 for a machine that costs $400.00 And i hope no one elses' machine breaks down. it takes them on average 2 weeks to get a "lender" machine and... to get it shipped to you faster.. You have to pay !! this is so horrible

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Comments (6)

1. Written by Juan, on 27-05-2008 18:37

I got rip off by MBF leasing also. Never do business with them

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2. Written by BAE, on 04-04-2008 14:48

I read today the numerous complaints reference MBF leasing. All of the complaints are exactly what we have been dealing with. I too have been scamed and will fight them all the way.

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3. Written by Angelo, on 14-03-2008 12:06

First of all. I work in the merchant services business. The lease that you sign is just that A LEASE like anything lease. A Car, House, building for your business. If you don't own the building that you are doing business out of you are leasing it for a x amount per months. YOU ARE NOT BUYING ANYTHING YOU ARE LEASING THAT EQUIPMENT. Now if you enter into an agreement for x amount of dollars per month on a lease IT'S YOUR JOB to see want is the lowest lease amount they will take. DON'T TAKE THE FIRST THING THEY OFFER. Like buying a used car. Might be one price on the car but talk them down to car price you like. Just like No ripoff you just don't know and like much business THEY WANT TELL YOU!!! First thing if a rep comes in your store and offers a lease for one piece of equipment YOU shouldn't agree on amount over $49 per month on a credit card terminal unless it's wireless!!!! NEVER I MEAN NEVER LEASE A PIN PAD BY ITSELF!!!! I don't lease pin pads never have never will. I don't lease terminals for more then $69 and that includes wireless terminals as well. I lease most of all my teminals for $34 per month. If I can help you contact me This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

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4. Written by Thangaraju A/L Annamalai, on 06-03-2008 19:33

Need to change my current mailing address to new address for the transaction.

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5. Written by mbfscam, on 03-03-2008 16:15

You can learn even more at this website about mbf leasing and their business practices, including tips on dealing with them:

www.merchantpointofsale.com

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6. Written by JHMesser, on 03-03-2008 15:09

If you want out, just check out www.ripoffreport.com under MBF Leasing and see what a number of others have done to get out of their "iron-clad" contracts. My advice is: NEVER (did I tell you NEVER?) NEVER sign ANY contract that has the wording "Non-cancellable" in it. NEVER. That is your FIRST red flag that this is a bad deal. If it were any good, they wouldn't need the back door clause to make "exit money" off of you. That is, to charge you for the remaining contract, charge you a cancellation fee, or a pro-rated fee to get out early. Any time you see these things - you can translate it to read "warning! You are about to be a$$ raped!! Sign here to get started.." Five years ago this whole scam started with a company called Leasecomm. They got sued. But-not before they got rich. the FTC got them for $4 million. It should have been $400 million. They have since changed names and still operate, but not quite so blatantly.

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