Ladco Leasing

Ladco Leasing Bullseye Payment Solutions scam, credit card processing scam, ladco, bullseye payment solutions, colorado Thornton, Colorado

28th of Nov, 2010 by User936029

A sales agent of Ladco Leasing, going by the name of Bullseye Payment Solutions, signed me up for a service to do credit card processing and payment plans. I told the sales agent that I needed to do entirely virtual processing. She said to do the check processing for the payment plans, it was necessary to lease a piece of equipment that had a value of $4000 but that I could lease from Ladco for only $54 a month for 3 years.
I believed her. I signed the contract. Once I got the equipment, I saw that it wasn't portable as I had specified in the sales conversation that I needed. She had me send the equipment back and she sent me a regular credit card processor. By now I was already in a signed lease with Ladco. I asked her if this new piece of equipment was still valued at $4000 since I was continuing to pay the $54/month installment. She assured me, yes it was. Well I did my own research. The same equipment was on sale on its manufacturer's website for $300. Enraged, I asked her to cancel the contract and I'd send back the equipment, since this was not the deal that was represented. Her response - "sorry, you signed a contract" And there is the scam. Ladco leasing and Bullseye put together a pretty clever trap. Beware. Don't go anywhere near these companies. I'm in a long battle now to get out of a dishonest, faulty agreement.

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