Question by wooleeacre: How can I be release from an equip lease with no penalties to my pocket or credit?
I entered into a lease for a piece of equip. for a home based business. the lease was a very basic lease including leasee, cost of equipt, term of lease/rental payments, taxes, lease end purchase amount, guarantors, other conditions(noprepay penalties), and doc fee, thats it! so do i need to worry or can I just ask to return the equip. I cannot do anything with it at this time due to illness. I am behind and I paid a first and last. what other fees can they charge me if I surrender the equip. they are in Illinois and I am in CA
Answer by Walking on Sunshine
Have a credit counselor review your lease agreement – it may be in your best interest to sell the item for the full pay term than to return it and have a mark on your credit. Good Luck!
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