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| July 19, 2000 LeasePoint.com Brings Leasing Industry Closer to Paper-less Model MINNEAPOLIS--(BUSINESS WIRE)--July 19, 2000-- Company announces additions of automated credit rating and customer care LeasePoint.com, Inc., an emerging industry leader in web-based technology equipment leasing, today announced increased functionality within its online offering. Along with significant functional improvements to its site, LeasePoint.com now offers improved credit reporting as well as chat-room-style customer care. "Both additions move us one step closer to paper-less leasing," LeasePoint Founder and CEO David McNutt said. "The Equipment Leasing Association estimates $37 billion will be spent on technology leasing this year alone. The need for technology in business is growing, and LeasePoint.com is making technology equipment leasing more accessible to businesses by offering simplified yet competitive leasing options." "The ability to retrieve consumer and commercial credit reports electronically equates to speed and efficiency," Bruce Underwood, LeasePoint.com CIO, added. "It essentially removes the paper trail. Applications are rated automatically and immediately sent to lenders who prefer that specific rating. Lenders get the deals they want, which means added efficiency for them as well as for the lessee. "LeasePoint's addition of online customer care will also lead to paper-less leasing. "The chat-room-style customer care is the first step into a total unified messaging platform," Underwood said. "Soon, a customer will be able to send a fax, e-mail or voicemail directly through the LeasePoint.com engine. Everything will be attached to the application in one 'e-package,' replacing antiquated paper files." LeasePoint.com is currently operating its site with a select group of vendors and lenders on a beta version of its web site. Following this extensive test program, its complete web-based offering will be made available to the industry. About LeasePoint.com Located in Minneapolis, Minnesota, LeasePoint.com is rapidly emerging as an industry-leading Internet site for businesses seeking to lease technology equipment. LeasePoint.com is the premier site where businesses can learn about, inquire, compare and ultimately procure technology equipment leases. The company plans to launch its complete web-based offering in mid-September. CONTACT: LeasePoint.com, Minneapolis Elen Bahr, Vice President of Marketing 952-841-7500 ebahr@leasepoint.com 33 Leasing Companies Major Changes
American Business Leasing ( gone ) any comments, corrections, additions, or suggestions are greatly appreciated. Bulletin Board any comments, corrections, additions, or suggestions are greatly appreciated. BULLETIN BOARD ( These are postings for informational purposes. Any response, correction, addition, will be posted. We reserve the right to edit or delete any opinion that is not in goodtaste or is outright derogatory ). Universal
Capital reported by Citation Financial 7/19 Universal Capital Services Kit, my company, Citation Financial Group located in Fair Oaks, CA (Sacramento) is one of the companies having a problem with Universal Capital Services. They have not returned a Lessee's advance payment nor have they paid us our commisssion on a brokered transaction. I have sent documents to the NALEB attorney, who is following up on our complaint with UCS. We have also contacted a collection attorney in Florida. If you know of others who have been wronged by these people, please have them contact me. If you want all of the details I will be happy to e-mail them to you. We need to stop companies who make a bad name for the industry. Thanks,
Citation
Financial Group ag-cfg@pacbell.net Bruce Zwillinger, BSB, cuts off Universal Capital Service Bruce
Zwillinger, BSB, cuts off Universal Capital Service, Springhill, Florida informs
NAELB of their action. This company not returning money to lessee from deal funding
by BSB. Many attempts to get money returned to lessee, but many broker promises
by Universal Capital Service. Universal Capital Services
Source states Universal Capital Services, Springhill, Florida, took up-front fees
on deal and has not returned to lessee. Lessee is complaining to funding source.
This is the third complaint received on this. Source is trying to find out more
and request this be posted on bulletin board. Source will allow us to state name,
if this is not resolved. Parker Leasing $25,000
SD $29,000 first and last three months did not return money Parker Leasing and
Financing, Ft. Lauderdale, Florida no web site, no district attorney complaints,
advised to pull a D&B, find out who the secured parties are and if I can identify
them, will give them the person to call at the funding source to hear the full
story about what is happening. Parker Leasing and Financing refuses to return
commitment fee and first and last. Dodson Group - Delivery Charge
We had been using the Dodson Group for overnight (Airborne) until recently. They
were charging us $8.75 per overnight (their cost to Airborne is $7.61, who cares,
they deserve a profit). But, in auditing our bills for the last 2 years we kept
noticing that we were being repeatedly charged $12.00 to $18.75 for overnight
on about 1/3 to 1/2 of the over nights. Initially, Dodson claimed "overweight",
so we researched further and discovered that most of the overcharges were on checks
going out overnight to vendors and brokers - no way this could be "overweight".
For the past year we have faxed and called Dodson repeatedly to get corrected
invoices - no one would even respond! So, we put them on notice that we would
not pay any more invoices until they corrected their over billing problem - they
never did. Their response was to turn us over to a collection agency! We are convinced
they purposely overcharged us, and probably every other client! Dodson does a
lot of biz with NAELB brokers, don't these brokers need to know about Dodson's
policy of quoting one price and charging another? Universal Finance / Universal Manufacturing Avoid
this company like the plague. I believe that if it is the same one they also run
companies under the name(s) Universal Manufacturing -(Vendor) & Universal Finance
(Credit repair company). I'll look up the e-mail I received on this a while back.
I think what the story was is that Universal Capital would submit a deal to funding
source, then if declined due to personal credit, Universal Finance would repair
credit then resubmit elsewhere. The vendor would be Universal Manufacturing who
would sell $2,000 computers for $40,000 invoice (just under F/S disclosure). Then
they split excess with lessee. Though I'm not sure about the Florida part. I'll
get back with the additional info ASAP.
Do
you know anything about Univerasl Capital Services, Inc., in Spring Hill, Florida
34606. One of the lease brokers I work with is having trouble getting paid on
a deal. He thinks the company is owned by Jim and Anita Koper. Please let me know
if you hear anything. Thanks. Metropolitan Mortgage Metropolitan
Mortgage and Sec in Washington had a division that funded the lesser
credits. Well they have stopped and are not honoring their approvals
if they don't already have signed docs. This was told to me by a broker
in Arizona who has 10 deals sitting with them and she is now scrambling
to replace them. www.leasingnews.org
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