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Tag Archives: military

I Was Going to Everetts College But Was Sent to Afghanistan. – Fidel

Military Flag

“Dear Steve, I work retail making $11 hr. I’m also in the army reserve. I was attending Everetts College before I was deployed to Afghanistan. I was there for 1 year. I was not able to continue classes. When I returned and tried to get back in school I was refused that because there was a large unpaid balance. What ... Read More »

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 »

Got Student Loans While on Active Duty in Army. I’ve Defaulted. – Justin

military

“Dear Steve, 12 years of military service. 1 bad decision to get student loans while active duty. I have accrued some debt with student loans while on active duty and have defaulted because I am overseas and don’t have the info for the lenders and now Im afraid they are going to take my tax return when I have to ... Read More »

Retired From the Navy and Now Can’t Sleep Because of Our Debt. – Elio

Navy

“Dear Steve, I am so glad to have come across your website. I am presently in a situation for which I need help. I have recently retired from the Navy. Unfortunately my income has dropped by approximately 70% and my expenditures have increased, i.e. monthly co payment/deductibles for Health/Dental insurance. I thought I could manage all my obligations as soon ... Read More »

I’m in the Military Reserves. How Can I Get My Student Loans Forgiven? – Kolby

Meeting with Pusht-e Rod leadership

“Dear Steve, Military Member in the Reserves, Student loan forgiveness and lender credit freeze at a 6% interest rate How does the loan forgiveness work for military members? I have been in the Army Reserves for the past 2 years does the program apply to me? I was also wondering about the 6% interest freeze on debt for military members ... Read More »

Recently Retired from Military and in a Big Debt Hole From Job Loss. – Matt

Meeting with Pusht-e Rod leadership

“Dear Steve, I am recently military retiree (Jun 2012) who was making around $135K, upon retirement and losing my civilian job a few months ago I found myself in a real hole living off about 40% of $135K or about $48K and a small teaching job of $900 per month. TO make a long story short we have a short ... Read More »

My Narcolepsy Has Left My Army Husband And I in Trouble. Military OneSource Sent Me to You. – Leslee

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“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. Here is a rundown of ... Read More »

Credit Cards and Government Student Loans Need Debt Relief and Debt Advice to Enter Military. – Paul

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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 I was a full ride ... 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 »

We Are Working Hard But Not Getting Anywhere on Getting Out of Debt. – Jenn

justball-144x125

“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 am in a bad ... Read More »

I’m an E5 in the Army. Should I Go With Wites & Kapten Instead of Bankruptcy? – Vic

justball-144x125

“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 would be gone. Vic” Don’t ... Read More »

I’m Retired Military. What’s the Best Way Out of My Debt Mess? – Brian

justball-144x125

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 about 500 month short on ... Read More »

Mortgage Forbearance for Deployed Reservists? – Karen

justball-144x125

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 reserves– which means we couldn’t ... Read More »

I Need Student Loan Forgiveness. – Jim

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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 loans would be dismissed by ... Read More »

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