Monthly Archives: August 2015

Watch Out For This Potential "Hidden Clause" of You're Next Lease Contract!

There are some pretty sketchy practices in the equipment finance industry. Since financial services are complex and have lots of funky terms that industry "outsiders" don't necessarily understand, most segments of the industry have a certain amount of bad seeds running around. However, bigger industries like mortgage and insurance are pretty tightly regulated, so when someone is caught breaking the rules, they tend to go to jail and get their name in the newspaper. Equipment leasing companies aren't regulated at all, so it's a lot easier to scam you when you are financing equipment than in a lot of other areas. For many finance products, it's pretty safe to just go with a bigger company - the guys who use Snoopy to sell you insurance aren't as likely to be crooks as the...