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Review 10/31/2011
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Balboa Capital is one of the most unscrupulous lending companies I have ever dealt with for leasing equipment. They quoted me a decent interest rate for
a 3 year least making monthly payment with $150 doc. fee. No other fees were indicated at that time. During the fine tuning of the lease the agent asked if I would prefer quarterly instead of monthly payments which I agreed to. They also required EFT payments from out checking account. Documents were signed without any verbal disclosures for more fees. The first billing statement came showing a rental payment for 61 days because of switching to quarterly payments, a UCC filing fee and
an inspection fee. After numerous phone conversations, they dropped the inspection fee only. The 61 day rental fee was never disclosed during our discussion of switching from monthly to quarterly payments but it was written in the lease. NEVER,NEVER do business with this company.
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