DeLage Landen Financial Services, Inc. (DLL) is currently involved in several lawsuits filed in the courts of Chester County, Pennsylvania. If you are the victim of one of these DeLage Landen lawsuits, there are some things that you should be aware of in regard to DeLage Landen’s business practices and how they relate to the lawsuits being filed.
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DLL is a “lease financing” company based in Wayne, Chester County, Pennsylvania. Normally in a lease financing deal, the lessee, typically a small business or non-profit, contacts a local vendor to lease a piece of equipment – be it an office copier, or piece of medical equipment – and the vendor then shows the lessee the equipment and describes its features. When the lessee decides that they are interested in purchasing the equipment, the vendor uses the lessee’s credit score and credit rating to obtain financing, in this case from DeLage Landen Financial Services. This is not “financing” in the strictest sense of the word in that DLL actually buys the equipment and immediately leases it to the lessee. The problem is that often times the lessee often does not realize that they are not dealing solely with the vendor. If fact, it is possible that DLL will use the assumed name of a different financing company which may be very similar to that of the vendor and DLL’s name does not appear anywhere on the leasing documents signed by the lessee.While this practice may seem deceptive, it is actually quite common in the lease financing industry.
