Lease One Corporation Bogus Broker Program

Lease One is a BOGUS lease broker program that charges $20,000 with the deceptive promise of provide expert training and backroom support; they do neither. I signed up and paid the $20,000 and was never able to get a deal closed through them. The training is terrible, the back room support is horrible and they took my leads and gave them to other leasing companies! Here's an example of horrible training, back room support and handing off leads to other leasing companies. During training we were ask to pick an industry and Lease One would provide leads from UCC filings on potential customers in our area. I picked restaurants and they gave me a list of restaurants in my area. I approached some of the leads and submitted a customer lease proposals with all the required information. The back room dope at Lease One came back to me and said that they can't do leases for restaurants because they are too risky. I asked the dope why he didn't tell me that when he asked me to pick an industry I was interested in during training but dopey had no answer. I then submitted a $150,000 application for a new Panera Bread store that was opening in my area. The back room dope came back and said that they couldn't do it because it was a start-up business. I explained to the dope that Panera is an established business and the stock is one of the top rated stocks in Investors Business Daily but again dopey insisted that it was a start up business and he couldn't do it. Three weeks later the owner of Panera was approached by Robert Searcy of First Financial Corp. who is a friend of Joe Angelo to directly write the lease through First Financial Corp. The Panera contact who is a friend of mine called to say that he was approached by Robert Searcy of First Financial who offered to write the $150,000 lease through First Financial. I called Joe Angelo, the owner of Lease One and told him what happened and he said it was impossible. I asked Joe to call the Panera contact directly but he refused. After submitting many more deals that were either rejected or approved with interests rates in the 15% - 20% range for A and B rated customers with $3,000 fees tacked on I became discouraged and exited the program. I contacted another broker who paid the $20,000 and attended the training with me and he had similar stories of horrible support and leads being passed off to other brokers. He told me about the NAELB and that he was able to make numerous funding contacts that provided back room support and training for free and were able to get his deals approved!! I contacted the NAELB and joined for $295 and sure enough I am getting support and deals approved. Stay away from the Lease ONE SCAM!!! I see other COMPLAINTS against Lease One on the following websites:

http://www.bizzia.com/franchisepick/tag/lease-one/, FRANCHISEPICK

http://www.unhappyfranchisee.com/lease-one-scam-to-sign-up-brokers/ UNHAPPY FRANCHISEE

http://www.ripoffreport.com/Lease-One-Corporation-Lease-One-Systems/Brokerage-Companies/Lease-One-Corporation-Lease-O-ZAC93.htm, RIP-OFF REPORT

Visit the NAELB website http://www.naelb.org/index.cfm, and deal with real leasing companies who provide great support and don't steal your leads.