Latest Posts
Home > Tag Archives: servicemembers civil relief act

Tag Archives: servicemembers civil relief act

Military Member On Duty Sent to Collection for Student Loans

Military Flag

“Dear Steve, I am duty military and I was deployed overseas for about four years as a training instructor to foreign military. Before I went oversea I contacted Mohela and I was told that my loans would be deferred. To make a long story short that wasn’t the case my loans had defaulted without my knowledge. I contact Mohela and ... 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 »

      Military Members to Get Temporary Extension of Financial Protections

      Meeting with Pusht-e Rod leadership

      Effective February 2, 2013, military service members will have greater protection from foreclosure. Under the Servicemembers Civil Relief Act, active duty military personnel were protected from a foreclosure or repossession made during the military service or within 9 months thereafter. This protection is being extended from 9 months to one year and will revert expire on December 31, 2014. Beginning ... Read More »

        Capital One Spanked by OCC Over Servicemembers Civil Relief Act Violations

        justball-144x125

        The Office of the Comptroller of the Currency (OCC) today announced enforcement actions against Capital One, N.A., and Capital One Bank (USA), N.A., for violations and compliance deficiencies related to the Servicemembers Civil Relief Act (SCRA). The SCRA provides servicemembers relief from certain obligations and temporarily suspends judicial and administrative proceedings and transactions involving civil liabilities when military service affects ... Read More »

          Big Foreclosure Compensation, But Only for the Right Wrongs

          justball-144x125

          by Paul Kiel ProPublica Can you put a price on the damage caused by a wrongful foreclosure? Banking regulators have. And it’s $125,000. Or $60,000. Or $15,000. Or2026 it’s unclear. Last November, banking regulators launched a process to force the big banks to compensate homeowners victimized by their foreclosure abuses. Many crucial details remained unclear, including how much victims might ... Read More »

            How Does a “Mortgage Release” Work to Let Us Hand Back Our House. My Husband is Active Duty Military.

            justball-144x125

            We can’t make our payments, applied for a modification over a year ago. Paid trial payments and the first couple of regular payments, then received a notice from the mortgage co. that they were mistaken, and the mod had not actually gone through. I stopped making the payments as they were not being credited anyway. I finally heard from them ... Read More »

              Military active status, how do I get my auto loan intrest rate reduced to 6 percent? – Donny

              justball-144x125

              I am new car franchise dealer, i recently sold a class e-5 active army seargent, in the past i was at a large dealership in little rock ar. and we were familiar and had several that took advantage of this program. I am currently in a small town and dealership that has never heard of this program. Could you please ... Read More »

                My Husband is Active Duty Military. We Can’t Live Together Because of the Mortgage. – Lisa

                justball-144x125

                “Dear Steve, My husband’s employer did drastic pay cuts in 2009. He left his job of 13 years and joined the Army. Our 1st duty station was Germany. We were able to rent our house out, but the renters left after the lease was up in Sept. Property management company couldn’t rent it out, we couldn’t afford the payment. Mortgage ... Read More »

                  Chase Bank Overcharges Troops on Mortgages and Admits to Improper Foreclosures

                  justball-144x125

                  by Marian Wang, ProPublica, JPMorgan Chase acknowledged this week that it overcharged some 4,000 military families for their mortgages and wrongfully foreclosed on at least 14. It’s not clear how much the mistakes have cost these families, but the bank told NBC News that it’s collectively refunding about $2 million [1] to those affected. It has also promised to restore ... Read More »

                    I Am On Active Duty in the Army in Iraq and Have a Lot of Debt Back Home. – Henry

                    justball-144x125

                    “Dear Steve, Im a home owner, a land owner, two cars, two credit cards(both maxed out), and some other credit through the Army I am paying on. I am an active duty soldier in iraq at the moment. I total my debt at close to 120,000 dollars or so. The house is with gmac, land with a bank in missouri, ... Read More »

                      I’m Active Duty Military. Is There Any Relief I Can Get From My Mortgage? – Kenneth

                      justball-144x125

                      “Dear Steve, Miltary active duty. Married with a child. Bought my home in 2006 at the hieght of the real estate “boom” and now stuck with a property that is worth 80,000 dollars less than what I owe on it. I am currently 80,000 dollars upside down on my mortgage. I own the home in Arizona but currently stationed in ... 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.