Fort Mill, SC – 30 August 2018 – Some dealers work by having customers pay the dealer, then, the dealer pays a finance company. But what happens when the dealer doesn’t pay the lender? A finance company, Strategic Dealer Services, is suing McCoy Motors in Fort Mill for fraud and breach of contract for $1.8 million over “false documentation” and failing to make “timely payments” on the borrowers behalf to the finance company.
Read More!
More Stories
$3.3 Million for Credit Union CEO Luxury and Only $1.7 Million for 33 Employees
The Pastor, the Credit Repairmen and $460,000 in Fraudulent Auto Loans
One Employer, Hundreds of Auto Loans: The Fed Warns About Concentrated Credit Risk
They Called a Collector; They Got a Credit Repair Company Instead
The Father, the Son and a $2.26 Million Synthetic Identity Scheme
When the Borrower Is the Fraudster