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This Business is not BBB Accredited

Lease Finance Group

Phone: (800) 683-5433 ext 8320Fax: (800) 342-7172View Additional Phone Numbers65 E Wacker Pl Ste 510, ChicagoIL 60601-7255 Send email to Lease Finance Grouphttp://www.lfgleasing.com ! There is an alert for this business !

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BBB Accreditation

Lease Finance Group is not BBB Accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.

Reason for Rating

BBB rating is based on 16 factors. Get the details about the factors considered.

Factors that lowered Lease Finance Group's rating include:

  • 590 complaints filed against business
  • Failure to respond to 39 complaints filed against business.
  • 31 complaints filed against business that were not resolved.
  • Overall complaint history with BBB.
  • Government action(s) against business.
  • Length of time business has taken to resolve complaint(s).

Customer Complaints SummaryRead complaint details

590 complaints closed with BBB in last 3 years | 172 closed in last 12 months
Complaint TypeTotal Closed Complaints
Advertising / Sales Issues67
Billing / Collection Issues226
Delivery Issues2
Problems with Product / Service295
Guarantee / Warranty Issues0
Total Closed Complaints 590

Customer Reviews Summary Read customer reviews

0 Customer Reviews Customer Reviews on Lease Finance Group

Customer Experience Total Customer Reviews
Positive Experience
Neutral Experience
Negative Experience
Total Customer Reviews 0 Customer Reviews

Additional Information

top

According to the company, their leases are considered commercial debt.

BBB file opened: 09/01/2004Business started: 01/08/1992
Contact Information
Principal: GCN Investors
Business Category

Leasing Service, Financial Services

Products & Services

Lease Finance Group, LLC is a Chicago-based lease finance company specializing in the origination and servicing of micro-ticket leases, primarily for small and medium sized businesses. The company's equipment leases are primarily for point-of sale (POS) terminals, which retail and service merchants use to communicated VISA, MasterCard, AMEX, Discover and other credit/debit card purchases to a credit card processing bank.

The company's customers are retail businesses such as restaurants, stores, and other business establishments- the company does not market or sell any of its products or services to individual consumers. Per Lease Finance, the equipment covered under the company's lease agreements has no consumer use.

The financing arrangement between LFG and its lessees is in the form of a Commercial Non-Cancelable Equipment lease agreement ("lease agreement").

In the course of financing the equipment specifically selected for use by the lessee, LFG relies on a non-agent, third-party vendor (also referred to as vendor or independent sales organization ("ISO")) to procure, install, and service the equipment for the lessee. LFG leases this equipment on an "as is" basis, and the ISO itself is responsible for servicing the equipment and should handle all requests regarding equipment service issues.

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As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.