Personal Loans News

sad couple not speaking
Feb, 18, 2013
Here’s some bad news for recently married couples: according to a new report from TransUnion, newlyweds don’t talk much about their personal finances until after tying the knot. It turns out, almost one in five couples do not discuss their financial situation until after marrying. The report also found that 14.4 percent of couples never discuss personal finances at all.
rock star playing the guitar
Jan, 29, 2013
One rockstar will soon be singing the blues. Robert Brandon Mawhinney, the frontman of the rock band Lights Over Paris, has been charged with committing personal loan fraud. According to an FBI press release, the 30 year-old musician who goes by the stage-name Robb “TaLLLLL” University, is alleged to have defrauded several banks out of millions of dollars.
Microphone and concert crowd
Jan, 15, 2013
Justin Bieber is set on dominating yet another medium: prepaid debit cards. Bieber, an 18-year-old global pop sensation, is partnering with BillMyParents, a provider of prepaid debit cards marketed towards parents and teenagers. Bieber’s role as a brand ambassador for BillMyParents’ “SpendSmart” card will include various media forms, including social media. The campaign will target Bieber’s 50 million Facebook fans and his 30 million Twitter fans.
politician with money behind his back
Jan, 3, 2013
A New Jersey Assemblyman has been indicted for stealing $1.8 million from individual lenders who gave him personal loans. He is also facing charges for writing bad checks worth $3.4 million to creditors. According to a press release from the Office of New Jersey Attorney General Jeffrey S. Chiesa, Assemblyman Robert Schroeder wrote bad personal loans to creditors and service providers.
Stressed retired couple
Dec, 7, 2012
Half of retirees with pensions are expected to retire with debt, according to a survey. A report released Thursday by Fidelity Investments states that although baby boomers with current pension plans feel more flexible about their expected retirement date, they still have financial concerns. Almost half, 48 percent, of all baby boomers, with or without pensions, predict they will retire with some form of debt, including personal loan debt. More than three million baby boomers, adults born between 1946 and 1964, are turning 65 yearly and face retirement options.
Nature and buffalo
Nov, 26, 2012
The Shakopee Mdewakanton Sioux Community approved a $48 million loan for the Lower Sioux Indian Community last week. The two-phase loan is for consolidation and redevelopment. The first phase will fund debt consolidation up to $26 million. The second phase is a $22 million redevelopment loan for the enhancement of the Jackpot Junction Casino Hotel in Morton, Minn. which is expected to start in May 2013.
FBI agent with gun
Nov, 20, 2012
In late October, the FBI unsealed a federal indictment that charged 17 Charlotte, North Carolina residents with fraud and organized crime. The crimes ranged from bribery and loan fraud to racketeering and money laundering.
David Petraeus testifying
Nov, 16, 2012
The Petraeus scandal has erupted — and no one in its path is granted secrecy. The newest person to be investigated is Jill Kelley’s sister, Natalie Khawam, who has $2 million in personal loan debt. According to new reports by the Huffington Post, part of the loan money is from a defense department lobbyist. The Petraeus scandal has continued to unfold ever since last Friday, Nov. 9, when CIA director David Petraeus announced his resignation from the CIA. Petraeus was a noted Afghanistan war chief and the complexity of the scandal only further shocked the public.
great white shark breaching water
Nov, 15, 2012
A Poway woman who was arrested for loan sharking last May has finally pled guilty to criminal charges. Lirio Lee Ramos, 56, is charged with one misdemeanor count of loan sharking. Since loan sharking is a misdemeanor crime, she is forced to be on probation for three years and must also pay a $1,000 fine. Ramos will also be forced to serve 100 hours of community service along with compensating her victims $23,953 in restitution.
Pawn shop loan neon sign
Nov, 13, 2012
Pawn shops are viewed as more legitimate businesses than in the past, according to a new study by the Vanderbilt University Law School. One of the study’s co-authors, associate professor of law at Vanderbilt University Law School Paige Marta Skiba, said pawn shops are “essentially…the more efficient Craig’s List.” The study, in accordance with Marieke Bos of Stockholm University and Susan Carter of the United States Military Academy, found that pawn shops are now seen as viable businesses.