Dealer Services Corporation - PREDATOR CAPTURE IN LOS ANGELES, CALIFORNIA COURTS
Victim Struggles To Survive
Bottom feeders fed off victims, aiding predator to seek new flesh.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Jul 13, 2010 – Michael Grissom was being torn to shreds. As he fought for his life, he witnessed other victims caught in the frenzy of this ravenous beast. Causalities were strewn coast to coast, as bottom feeders aided this shark to feed on the flesh of the unwary.
The shark that tore into Grissom and others was a special breed that was cultivated in a "war room". This predator was a Loan Shark, scourge of the savvy less borrower. A loan shark endeavors to make their clientele obligatory annuities.
Dealer Services Corporation made so called "flooring lines" of credit to used car dealers. In reality they were individual loans, secured by vehicles the dealers bought at an auction. The truth in lending laws does not apply when you make loans to, as DSC claims, "sophisticated" borrowers. No disclosures of the true interest rates being charged to these small business owners were necessary.
Although still wounded, Grissom has continued to battle DSC. Grissom hopes that his struggles will allow other victims to ask for help from their state and federal representatives.
More Review Details
- Review category
- Loans and Mortgages