Balboa Capital

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Category: Business & Finances

Contact Information
Virginia, United States

Balboa Capital Reviews

KS Recording May 24, 2011

lied about $1 buy out

My husband leased business equipment thru Balboa Capital and this was his first lease for a new business he opened and the sales person told him there was a $1 buyout but the contract stated fair market value the equipment depreciated and was selling for under $3, 000 at the end of the contract Balboa Capital wanted $10, 000 at end of lease my husband was active duty military at the time and was serving in the MiddleEast so he contacted them to return the equipment and could never get anyone to call him back they eneded up filing a judgement on him which is against the Servicemembers Civil Relief Act we are working to get his judgement overturned and hiring a lawyer to sue them for placing the judgement on my husbands credit. I would never use this company they have a huge bait and switch policy

zombert June 8, 2009

Not honoring buy out

Balboa Capital said that I owe them the fair market value of lease at end of term. After I still made payment after term was up thinking that I would get a rebate after thet straightened out their paper work. I had a addendem to lease from Balboa that they are not honoring. If I did have a fair market lease why would I have to pay the county taxes? Now they are taking the case to trial. This is bait and switch. There are comments on The leasing news web site for further info. Also this is not only complaint as there are numerous ones.