Latest Posts
Home > Debt Articles > Military Related

Military Related

Soldiers Wounded by Debt, Not Bullets

Military Flag

by Paul Kiel, ProPublica, and Mitchell Hartman, Marketplace, May 15, 2013, 5:50 a.m.by Paul Kiel and Krista Kjellman Schmidt, ProPublica, May 15 This story was co-produced with Marketplace. Listen to their coverage. Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge ... Read More »

How to Discharge Your Student Loans if You Are in the Military, Police, or Teacher

How-To

More and more at GetOutOfDebt.org we are getting questions about how to get your student loans eliminated, forgiven, or discharged if you are in or served in the military, police officer, teacher, librarian, or other public service employee. It is absurdly ironic that members of the military can go into harms way, fight in combat and yet return back home ... Read More »

Military Debt Management Agency MDMA Hits Military and Consumers for Student Loan Help

Screen Shot 2013-02-07 at 2.23.51 PM

A tipster (send in your tips here) sent me a fee schedule from the non-profit credit counseling group Military Debt Management Agency (MDMA) in Florida. The reader was concerned that this non-profit 501(c)3 IRS approved charity that is supposed to be helping military members and general consumers was taking advantage of those with federal government student loan debt, by charging ... Read More »

Tax Scammers Target Military Members for Identity Theft

justball-144x125

Spread the word, scammers are targeting military members with new scam using .mil email addresses. The IRS is reporting taxpayers should be on the lookout for a new, email-based phishing scam now circulating that targets Department of Defense military members, retirees and civilian employees. The email appears to come from Defense Finance and Accounting Services and displays a .mil email ... Read More »

CFPB Targets Those That Try to Financially Scam Military Servicemembers and Their Families

I_Want_You

The Consumer Financial Protection Bureau recently announce their new initiative aimed at scammers that try to take advantage of military service members, their families, and veterans. The Repeat Offenders Against Military Database (ROAM) is designed as a single focal point of information about financial scams for local and national law enforcement to utilize to quickly identify scam patterns. New York’s ... Read More »

Can I Get Out of Debt Being Bipolar, Suicidal, Mentally Ill and on Disability? – David

justball-144x125

I have a mental illness. I had mental illness all my life. In fact, in 2008 I wrote a suicide email and emailed it to local news station. In 2009, I was diagnosed with bipolar personality disorder and ADHD. In 2010, I borrowed a lot of money to remodel the house. The first mortgage on mom’s house was paid off.I ... Read More »

Active Duty Soldiers Harassed For Debts With Threats Of Family Being Arrested

justball-144x125

photo © 2007 The U.S. Army | more info (via: Wylio)I would like to preface this next news story with my exact facial expression. I encourage you join me. Please, if you would, raise your eyebrows, drop your jaw about an inch and let the fire rage in your eyes when you read about this latest fraud find. Stephanie Lowinger, ... Read More »

Military Members Drowning in Debt

justball-144x125

My friend Michelle Singletary of the Washington Post had a great column recently talking about the amount of debt military service members are carrying. It’s a topic worthy of discussion and awareness. The article points out that: Military personnel and spouses are generally heavier users of credit cards than civilians, the survey found, and they are more heavily indebted to ... Read More »

Divorce in The Military: Protect Your Financial Future

justball-144x125

If you’re going through a divorce, you’re probably exhausted by the emotional upheaval and the day-to-day details of carving out a new, separate life. Separation when you or your spouse is a member of the military can pose special concerns, like division of military pensions or survivor benefits. One thing that’s easily overlooked — or outright ignored — in the ... Read More »

How Being in Debt Can Affect Your Military Career

justball-144x125

Being in the military poses unique problems for military personnel and their families. Sometimes, as a result of circumstances like relocation or deployment of a spouse, a military member may fall behind on payments of his or her debts. A person who is behind on payments may be viewed in the military as irresponsible, even when the person fully intends ... Read More »

How the Soldiers’ and Sailors’ Civil Relief Act Can Help You

justball-144x125

Service personnel experience financial difficulties that are unique and need special attention. Fortunately, there are special laws to help them cope and this article discusses their rights and protections under the Soldiers’ and Sailors’ Civil Relief Act, 50 U.S.C. §§ 501 et seq. What is the Soldiers’ and Sailors’ Civil Relief Act? The Soldiers’ and Sailors’ Civil Relief Act (“the ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.