Tag Archives: military
- My Narcolepsy Has Left My Army Husband And I in Trouble. Military OneSource Sent Me to You. – Leslee
“Dear Steve, I am wondering if you know a way to help us. We are a family of three. My husband, my six year old daughter and myself. We are stationed in Hawaii. My husband is the US Army. We are in very much need of financial guidance. In the last year, everything has plummeted. [...]
- Credit Cards and Government Student Loans Need Debt Relief and Debt Advice to Enter Military. – Paul
Sir, I wanted to ask you what my options are concerning my credit card and government student loan debt, as it seems that everyone has special interests and they are not primarily interested in helping you first when it comes to debt relief. When I went to college in 2003 right out of high school [...]
- CFPB Targets Those That Try to Financially Scam Military Servicemembers and Their Families
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 [...]
- Military Student Loan Forgiveness and Discharge Programs
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. It is absurdly ironic that members of the military can go into harms way, fight in combat and yet return back home only to struggle trying [...]
- We Are Working Hard But Not Getting Anywhere on Getting Out of Debt. – Jenn
“Dear Steve, My husband and I are both working everyday– with No days off– we are JUST PAYING our maxed out credit card bills– $45,000– + –mortgage on our house–$122,000– home equity $42,000-etc.- the bills never go away– they keep getting bigger– and we do not even use them anymore– late fees, CRAZY interest, etc. [...]
- I’m an E5 in the Army. Should I Go With Wites & Kapten Instead of Bankruptcy? – Vic
“Dear Steve, Well i’m about 40k in debt. I’m and E5 in the army. I have a security clearance. I got a letter from wites and kapetan. Its sounds decent. Has anyone heard of them. should i go with them. I can not file bankrupcy because of my clearance. if i did that, my clearance [...]
- I’m Retired Military. What’s the Best Way Out of My Debt Mess? – Brian
I retired from the Military after 26 years. Got a job, but at about 40 percent of what I was making. After draining the savings because It took me 5 months to find work. I have 2 major problems: 1) 65,000 credit card debit costing me 2200 month in minimum payments. We are coming up [...]
- Mortgage Forbearance for Deployed Reservists? – Karen
The Soldiers and Sailors act is intended to protect credit during military service but, when looking into forbearance for mortgage during a deployment, the mortgage company (first horizon) indicated that they would report any modification to the credit bureaus. Our household income went DOWN more than 60% as a result of military pay in the [...]
- I Need Student Loan Forgiveness. – Jim
I am a sixty one year old male, married and I have five children (three steps and 2 bilogical). Many years ago I took out student loans totally aproximately $12,000.00. My wife at that time and myself got into financial trouble and had to file bankruptcy. I was told by our attorney that my student [...]
- Military Members Drowning in Debt
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 [...]
- I’m Active Duty Assigned to a New Post With a House I Can’t Sell. – Robert
“Dear Steve, You answered a similar question from an active duty member regarding mortgage relief. My situation is as follows. I am active duty, bought a house while on active duty in Colorado Springs. Lived there no problem however I have been ordered to a new post. I have tried to sell the house, but [...]
- Divorce in The Military: Protect Your Financial Future
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 [...]
- How Being in Debt Can Affect Your Military Career
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 [...]
- I’m on Active Duty in San Diego But Deep in Debt. What Can We Do? – Andrew
Andrew “Dear Steve, I am active duty and was stationed in San Diego and we dropped to one income and run up an extreme amount of debt (45,000). I am looking at options and wanted to file Chapter 13 but is it true that they take all of your disposable income? And if so is [...]
- In the Military, Out of the Country, Divorced and Deep in Debt. – Jamal
“Dear Steve, I’m in the military serving overseas and have served 13 years. I recently divorced less than a year ago and I have a mountain of bills and debt. I tried to manage my money wisely but I’m in over my head. Please help! How can I get a debt consolidation loan to when [...]