Fiancée's Mother Controlling Finances: Student Loan Fraud & Red Flags

The Student Loan Predicament

• 🚩 A caller's fiancée's student loan money was directed to her mother's checking account, with the mother acting as custodian of the fiancée's savings account.
• ❓ The core issue is understanding if the student loan money was used for tuition or for "nefarious purposes" by the mother.
• 🎓 The fiancée transferred to a community college to finish her nursing program, utilizing a free tuition program (A+) after attending a university.

Unraveling the Financial Control

• 🏦 The fiancée does not have her own checking account and uses her mother's, which led to the mother taking money from it.
• 🕵️ After moving accounts, the fiancée's mother was still taking money from an account she set up with her name on it, attaching her daughter to it.
• 📉 The caller and fiancée have pulled credit reports and identified individual loans but cannot confirm if the funds went to the university or community college.

Steps to Regain Control

• 💳 The fiancée must freeze her credit report to prevent further unauthorized borrowing.
• 📚 She needs to pull her credit report to identify any other suspicious activity.
• 🏫 Contacting the educational institutions directly is crucial to get a balance of what is owed and confirm if all bills were paid, requesting receipts.
• 🗣️ A direct conversation with the mother is necessary, as her actions could be considered identity theft and fraud.

Navigating the Relationship and Future

• 🚩 The situation is a huge red flag, and the couple is advised not to get married until this is resolved.
• 🤝 The caller needs to be a supporter for his fiancée, not a hero, as this is her financial life and her responsibility to confront.
• ⚠️ If the fiancée cannot stand up to her mother now, similar issues will likely arise with finances, children, and housing after marriage.
• ⚖️ The advice is to research the numbers, determine the financial gap, and then decide on the next steps, which could involve the mother repaying the debt or involving law enforcement.