Dealer Services Corporation - DSC might pay $500 Million to California Auto Dealer's
PREDATOR CAPTURED IN CALIFORNIA,
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.
Grissom says that if he files a motion for judgment on the pleading, as to California finance license, the back lash against DSC might cause a 500 million payday for California Auto Dealers.
If you have been damaged by DSC, contact Michael Grissom @ burbankbeat.com or 818 749-3288
Comments (1) 1. Written by Survived Victim, on 05-08-2010 11:15
Today Ben Griffin......
struggles to set the PREDATOR free.
DSC says, they are not suggesting any derogation of any Constitutional Rights. DSC is merely requesting a 1 week discovery continuance to ensure more delays to avoid Judgement Day says Grissom.
If you have had dealings with this shark in the State of California, and need assistance Call Michael Grissom @ 818 749 3288.
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