CIT Financial

eugene of san antonio, TX September 24, 2009

at the beginning of july i noticed that my bill was not sent and I called right away and they said that there was a problem with the address and i gave it to them and they said that there would be a late charge and that it would be removed and it was not then a new bill was sent and the amount was double we paid it and another one was sent right after that was paid and we paid the difference but the late charge was charged to my account 3 times and now the no interest was canceled just because some one new changed my address and i am about to default on this payment because of their mistake.

carol of 1810 franwill ave nw, VA September 2, 2009

I purchase this vehicle in may of 2003 it had a 72 months payment, the car was suppose to be paid for may 09, i had got five deferrement over the six years, instead of me just owing for the five deferrement, citi financial stated that i owed them 6000.00, due to that had taken the payment that (267.00) i was paying and applying to late fees and interest only, so that are trying to get 6000.00 for a five month defferment, and stated that they extended the pay off two more years, so I ended up paying 23,000.00 for a 11,000.00 car with a 8 year payment.

I do know that this isn't right, i only owed five payment on this car, not 24, can you help with this, because at this point i am really financial strap, with only one source of income, debt is more than income cant afford to continue pay 6,000 more for a car that only have five deffered payments, now actually four. any help you can provide will be appreciated.

Steve of San Jose, CA June 17, 2009

End of Lease Contact has expired. COmpany was advised that I would not renew the lease contract and they should pick up the machine. Invoices continue to arrive. The company refuses to pick up machine and I feel they are holding us hostage because the interest continues to increase.

Belinda of Ennis, TX October 11, 2005

My sister and I own separate businesses in different towns, but fell prey to the same shady salesman on separate days. He came into our stores to try and switch our credit card processing. His rates were good, so we each agreed. He then told us that our existing machines were no longer going to work and that we needed to lease his (this was not true). I asked if I could just purchase the machine and he told me no (also not true), but that his company would allow us to lease on a month-to-month basis. "Keep the box", he told me and send it back if you are ever unsatisfied. We each signed and then he asked us to go and get a copy of our DL for him.

We are speculating that in her case as well as mine, that when we left the room, he changed the handwritten "0" to a "60" making out month to month lease a 60 month lease at 114.00 per month. That is 6000.00 for a machine I could have purchased for 329.00. Had I been informed that I was signing a 60 month lease, I would have NEVER agreed. My sister would not have either. It was not until one month later that by mistake, she opened up the contract and found the change. According to the leasing laws, our contract should state the amount we are to be paying over the term of the lease, a start date and an end date. We don't have anything like that. Just a handwritten "60" and a handwritten "99.00".

CIT says it is legal, noncancellable and simply not their problem. They are threatening to sue, of course in Chicago. But they do offer some help. If we send them and additional 4000.00 AND the machine we are off the hook. What a deal!

Eric of Fort Myers, FL December 30, 2004

bought a laptop after american rep said i qualified for 0% interest deal.CIT financial proved dell rep wrong...Cit rates WILDLY fluctuated during my frantic attempt @ rapid payoff soaring to 33%!!! though as usual i am prompt w/ bills...changed address online w/CIT to no avail had to call CIT and payed on due date ...to no avail because on my next statement (that miraculuosely was sent to my digs) they claimed i was late ...so i was busy w/ work and moving and month after purchase of laptop got on line to claim rebate...to no avail because american sales rep didnt mention anything about dells speedy 30 day expiration date on their rebate. its a shame that two big american(???)companies feel they need to resort to such tactics to play the game of capitalism.such a bunch of babies. when can we expect some maturation to occur w/ em???

Joe of Gresham, OR November 25, 2003

As a small business owner I received a marketing call from a merchant services company.The company Bancard Services International, Inc 18407 Pacific Ave. South Suite 4 Spanaway,Wa 98387 presented what seemed to be a perfect solution for our credit card & gift card processing needs.

In a matter of weeks of signing up and attempting to process credit cards the picture changed drastically.First I found out that the credit card processing machines were extremely hard to program and initialize with our banks.Then I found out that the machines were not a standardized product in the US in reguards to software,service and supplies.I attempted with the help of our bank and the company who sold the machines to us to solve the problems. Our bank helped as much as they could while the company who sold us the machines really seemed less then willing to help us out.All along we were having an impossible time trying to accept credit card,debit cards and gift cards through these said machines.

After 4 + months of dealing with these issues I decided it was time to pull the plug on these machines and look for real merchant card services. Which then left me with 2 non compatible machines to return and problems to solve with the lease company who had underwritten the machines.Even though I have paid the lease company and sent the equipment back they will not stop sending me to collection companies.

So far the lease company has posted 4 bad debt charge-offs on my personal credit and continued to take money out of my company checking account. I finally had to close my business checking account to stop the unauthorized fee charges.I have tried every method I can come up with to fix the issues and have had zero luck.

So far I have lost thousands of dollars in unauthorized fees being taken from my business checking account. My personal credit score has been destroyed which has made it impossible for me to refinance my home. I have spent hundreds of hours trying to fight for a solution to the problem and a fair amount of money to pay off the lease companies collection people. I have had to hire a credit repair company in hopes of helping me get the supposed debt off my personal credit information when in fact it was a business lease in the first place

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