LeaseDirect Charge on Your Credit Card?

It ain’t me babe, it ain’t me you’re looking for… ~ Bob Dylan

Hold the phones. It seems major banks believe little ol’ LeaseDirect Canada is charging their clients’ credit cards for some nefarious purpose.

For the record, in most cases, the charges relate to Canon or Ricoh copier financing provided by the manufacturers’ underwriter, an outfit called De Lage Landen (DLL for short) in Oakville, Ontario, who own the web domain, and which is owned by one of the world’s largest banks, Rabobank Group (The Netherlands).

If you see a charge on your credit card statement that says ‘leasedirect’, please review any current lease contracts you may have with Canon, Ricoh or De Lage Landen (DLL). These charges are usually a default in cases where your pre-approved auto-debit payment is declined for some reason.

The confusion seems to arise almost every month as business owners and government departments review their credit card statements. We own the Canadian domain and have been registered federally across the country, as a Canada corporation to protect our name, since 2004. When you Google our name in search of the company issuing mysterious and unexpected charges to your credit card, we are the ones to pop up.

If you are still not sure why your card got dinged, please call DLL at 1-877-500-5355 and see if they can get you sorted out. In any case, it is not us at LeaseDirect Canada Corporation. We do not charge credit cards at all, and especially not for failed lease payments. Perhaps something to keep in mind the next time you need an equipment or vehicle lease?

About Frank Penkala

A self-employed finance guy who you can reach most of the time at (403) 701-5877. Fixer of interesting commercial lease financing challenges. The journey just seems to be getting more interesting. An active supporter of Kiva, Plan Canada, The Stephen Lewis Foundation and MSF Canada.
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