Military members are held to a higher standard than civilians. You must maintain a certain level of fitness, you must have professional bearing at all times, and you cannot abuse alcohol or illegal drugs. Failing to do these things can be extremely detrimental to your career.
But did you also know that you cannot have excessive [...]
In 2003, President Bush signed into law the Servicemembers Civil Relief Act (SCRA). The SCRA further clarified and solidified the Soldiers and Sailors Civil Relief Act (SSCRA) which benefits active duty military members and was signed into law in 1940.
There are many benefits that servicemembers can receive as under this law.
6% cap on interest rates [...]
The military has recognized that many of its troops get into financial trouble by frequenting Payday loan companies. The problem has become large enough for the Pentagon to attempt to limit interest charges on loans to military members.
There are several reasons why military members use payday loans. Lack of financial education is one reason many [...]
The DoD has pushed for a limit on the interest rate that payday loan companies can charge military members, claiming that the high interest rates payday loan companies charge hinder military readiness levels and destroy the morale of troops and their families.
Last October, Congress passed the “Military Annual Percentage Rate” law, which will effectively limits [...]
© 2007 Military Finance Network, Using the StudioPress WordPress Theme
