Two former executives of the bankrupted
Peak Fitness in Charlotte have been charged with fraudulently
obtaining loans from Wells Fargo and Wachovia.
With more homeowners facing foreclosure due to the economy, the attorney general is working to protect consumers from loan scams. Since 2007 foreclosure scam complaints have risen drastically.
The current state of the economy has banks tightening up their restrictions on issuing loans. This means it may be more difficult for you to get a loan, but do not give up there are other ways.