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Home > Manage Your Account > Key Steps To Completely Close Out Your Contract > End of Term FAQs > Why do I have a payoff/balance due?

Why do I have a payoff/balance due?

You may have a balance due depending upon when you’re billed, receipt of your payment and any other open fees such as late charges and property tax.

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What is the end of term process?

The end of term process is for customers who lease equipment through PEAC Solutions. Upon receivi...

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What is a letter of intent?

Your Letter of Intent is the first step in the End of Term process. As per your contract terms, by t...

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What is an end of term letter?

Once we receive your Letter of Intent, we respond with End of Term Letter and Form. The End of Term ...

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How do I return the equipment?

After receiving your Letter of Intent, and your completed End of Term Form, we’ll review your acc...

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Why do I have to pay for damages?

The equipment is to be returned in good working order per the terms of the agreement. The equipment ...

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Why am I still being charged for a paid off lease or loan?

Once we issue the Return Shipping Instructions, we advise in writing you may ignore the automaticall...

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PEAC™ IS A TRADEMARK OF MARLIN LEASING CORPORATION®. ALL RIGHTS RESERVED.
Equipment Financing is provided by Marlin Leasing Corporation. Working Capital Loans are originated by WebBank.

Notice: Response Times May Be Delayed

Due to Hurricane Melissa impacting our company’s resources in Jamaica, our teams are prioritizing urgent requests first. Please be aware that you may experience some delays in response times. We truly appreciate your patience and understanding during this time.