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EGACY Yesterday. Today. Tomorrow.

WEDNESDAYS • Nov. 4, 2015

Jerry Nemorin opportunity, he quit his job in the banking industry and returned to Charlottesville to begin developing LendStreet, an all-new lending platform that focuses not just on

INSIDE

Getting investors for your business - 2 ‘Lifeline’ for low income students- 5 Churches work to heal racial divide- 8 ‘Too legit to quit’: BHO on BLM - 13

Richmond & Hampton Roads

Wall Street tactics now help Americans in debt

Jerry Nemorin has witnessed firsthand two of the most monumental disasters of the last 10 years – one financial and one physical. Shortly after his graduation from the University of Virginia’s Darden School of Business in 2008, Nemorin’s new job on Wall Street gave him a front-row seat to the country’s massive financial meltdown. Just two years later, he saw the heartbreaking toll of the 7.0-magnitude earthquake that struck his native Haiti. Experiencing the aftermath of both events inspired him to help more people find a way toward recovery and self-reliance after a catastrophe. Nemorin realized that individuals needed a better, structured way to rebuild their lives. To provide that

Honoring those who have served in the U.S. Armed Forces, Nov. 11.

LEGACYNEWSPAPER.COM • FREE

repaying debt, but also on rebuilding clients’ credit and helping them maintain financial stability. “Life happens and people who are middle-income frankly often don’t have enough cash flow to keep up with little changes, much less a shock.” - Jerry Nemorin “In 2008, the financial world was in ruins, the economy was in the Dumpster, and so many people and companies were in distress,” Nemorin said. “Working on Wall Street, we were devising solutions to help corporations restructure their debt and survive the financial tsunami. Unfortunately, consumers didn’t have the same options. With LendStreet, we are empowering consumers by giving them the tools to resolve their financial problems.” In 2010, Nemorin brought his idea to U.Va.’s i.Lab Incubator, a program that provides support and funding to aspiring entrepreneurs. With the incubator’s assistance, LendStreet

launched the first version of its website in 2013. By using successful corporate methods, LendStreet helps borrowers restructure and refinance their debt at a lower interest rate. The company then sets up a more manageable payment plan for its clients tailored to their individual circumstances. “You realize that most people are good and for the most part, they want to pay their debt. It’s really just a gap between intent and capacity,” Nemorin said. Visiting Haiti after the earthquake, Nemorin was humbled and by the resilience of the Haitian people and their desire to rebuild. That intense desire to rebuild is an important part of LendStreet’s success. It uses restructuring tactics for borrowers who have demonstrated a commitment to long-term recovery and financial responsibility. Understandably,

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Military abuse coordinator warns of ‘spice’ dangers

DELONTE HARROD

WASHINGTON, D.C. — Using illegal drugs puts a person in an immediate “life or death” situation, said George Suber, a prevention coordinator for the Army Substance Abuse Program, or ASAP, on Joint Base Myer-Henderson Hall, or JBMHH. Suber has been on the front lines helping people to overcome addiction for more than decade. Suber, who will celebrate his seventh year at JBM-HH this month, was trained in the Air Force as a drug and alcohol counselor in 1985. He’s also worked at Court Services and Offender Supervision Agency, or CSOSA, a federal agency located in

Spice is a synthetic cannabinoid that drug dealers use to spray on marijuana to enhance its psychoactive affect, according to the Office of National Drug Control Policy. Spice, also known as K2, Summit or Scooby Snax, was introduced to the United States in 2008.

Washington, D.C. “[I helped] with ex-offenders coming out of federal prisons,” he said. “We assisted with their transition back into society, helped them to obtain life skills, group skills, and helped them through drug addictions.” He recently explained how he witnessed the tragic death of one of his clients. One day, Suber said that he met with a client and after the client left his office, he drank liquid methadone, a drug used for pain, chased it with liquor, and the client then went outside in the hot sun. Thirty minutes later he was found dead outside, Suber said. Because of what he has witnessed,

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