WASHINGTON (Army News Service, August 25, 2014) - "Need money fast? Need a new car? No problem! Instant approval for members of the military!" While advertisements for immediate cash and merchandise are appealing, service members can land in hot water if they are not careful. Soldiers, especially junior-enlisted members, are targets for high-interest car loans, or payday … [Read more...]
Servicemembers Civil Relief Act (SCRA)
The Servicemembers Civil Relief Act is designed to allow military members to devote their full attention to their military duties. When servicemembers are fighting to secure our freedom in America, the last thing they want are distractions when it comes to civil obligations back home. The original relief act was passed by Congress during World War I. At the time it was … [Read more...]
Military Friendly Debt Consolidation
What exactly is Debt Consolidation? This method if debt management takes all your existing debts and puts them into one debt consolidation loan. It's an attractive method for getting out of debt but isn't without it's own risks. There are a number of debt consolidation programs and you should consider all your options when choosing the best method for your needs. Typically a … [Read more...]
Paying Off Debt
Wether you are in the Military or a civilian everyone gets into debt from time to time. Debt can vary from a modest credit card balance to a crushing school loan or owing the IRS. While each type may have it's own issues the basic principles of getting out of debt are the same: paying down the debt while not adding new debt. Below are some of the ways you can get pay off your … [Read more...]
Military Loan Calculator
The results of this military loan payment calculator are for comparison purposes only. Actual values will be determined by a qualified lender. The results will be a close approximation of actual loan repayments if available at the terms entered from a financial institution. This is being provided to help you to plan your next loan application. Usage: Enter values for the … [Read more...]