February 16, 2021


Grand Forks financial manager says maintaining a good credit rating helps consumers meet financial goals

“Essentially, credit ratings are like a report card for how you handle your finances,” said Chris Moen, northern valley lead financial guide with Alerus Financial in Grand Forks. “It’s one way that lenders can determine your risk.

“With that being said, having a higher score can save you considerable amounts of money, due to better interest rates that you qualify for. It can also help you qualify for financing throughout the journey of your life, whether it be a car, a home, a business. And, really, it can help enable you to take advantage of opportunities that can actually help

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Ex-Lakeside finance manager gets federal prison term in fraud case

The former finance manager for a defunct Erie auto dealership that was part of a federal fraud investigation was sentenced in federal court on Friday to serve two years and eight months in prison for his admitted involvement in the crime.

Chad Bednarski, 49, of Erie, who pleaded guilty in September to one count of fraud conspiracy, was also ordered to serve two years of supervised release, to pay restitution totaling nearly $1.7 million jointly with co-defendant Andy Gabler, and to pay a $1,000 fine, according to the sentence handed down by U.S. District Judge Susan Paradise Baxter in U.S

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