Comments on: Servicemembers Civil Relief Act – Military Members Can Receive Reduced Interest Rates http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/ Personal finance for military, veterans, and their families Thu, 11 Mar 2010 16:37:14 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: steven http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/comment-page-1/#comment-2031 steven Tue, 17 Nov 2009 02:41:52 +0000 http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/#comment-2031 someone told me that while i was deployed i could get my intrest rate redueced on my current car loan. is this true even if i purchased it ofter i joined the army? someone told me that while i was deployed i could get my intrest rate redueced on my current car loan. is this true even if i purchased it ofter i joined the army?

]]> By: Ryan http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/comment-page-1/#comment-1420 Ryan Wed, 29 Apr 2009 18:00:43 +0000 http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/#comment-1420 Good question, Justin. It depends on the terms of your loan. Some lenders will not allow you to take your car overseas while there is still a loan on it. I recommend contacting your lender for more information about that aspect. Can you lower the interest rate if you move overseas? Again, I am not sure. If you had the loan before you joined the military, then probably. If you got the loan after you joined, then maybe not. I know this is not a concrete answer, but there are details I don't know, and other circumstances that may come into play. Your best bet is to contact your lender, and possibly your base legal office. Good luck, and thanks for serving! :-) Good question, Justin. It depends on the terms of your loan. Some lenders will not allow you to take your car overseas while there is still a loan on it. I recommend contacting your lender for more information about that aspect.

Can you lower the interest rate if you move overseas? Again, I am not sure. If you had the loan before you joined the military, then probably. If you got the loan after you joined, then maybe not.

I know this is not a concrete answer, but there are details I don’t know, and other circumstances that may come into play. Your best bet is to contact your lender, and possibly your base legal office.

Good luck, and thanks for serving! :-)

]]> By: Justin http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/comment-page-1/#comment-1419 Justin Wed, 29 Apr 2009 17:52:06 +0000 http://militaryfinancenetwork.com/2007/12/12/servicemembers-civil-relief-act-military-members-can-receive-reduced-interest-rates/#comment-1419 what about military members who get orders for overseas for 3-4 years and have a car loan not a lease? None of the websites I have visited have addressed this problem. what about military members who get orders for overseas for 3-4 years and have a car loan not a lease? None of the websites I have visited have addressed this problem.

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