Question: Dear Steve, I am a senior in college about to graduate with a bachelor’s in criminal justice and commission into the U.S. Airforce. I will have about $100,000 in student loans to start paying off when I graduate. Are there any debt forgiveness programs in the military for new officers? Corey Answer: Dear Corey, …
The Department of Defense is proposing changes to the Military Lending Act (MLA) to extend financial protections for military members and in turn, their families. The MLA limits the amount of interest that a creditor may charge on “consumer credit” to a maximum annual Military Annual Percentage Rate (MAPR) of 36 percent. Not that it’s …
“Dear Steve, I am in dire need of a debt consilidation loan. I applied with Lending Club and did not get approved due to my credit score. I am in the military and im able to afford a consilidated payment i just need to be approved. Do you have any advice what so ever? Kevin” …
“Dear Steve, I live in Florida, am a 50 year old female, make only about $800/mo ($250 VA disability payment, $550 from a part time job), own a 2005 Toyota Matrix in fair condition and own nothing else of value. I am an air force veteran and being treated through the VA. The last time …
“Dear Steve, I’m hoping you can point in the direction where I can get some assistance. Long story short, I’m retired AF (retired in July 2010) and own a home that I purchased in 2003 when I was on active duty. As a result of a permanent change of station move while on active duty …
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 …
“Dear Mitch, Used car. I started out July 2007 paying over 30% interest. Car is Mazda RX-8, 2004. I signed a contract for 7 years with some bank to pay $440.00 a month for 7 years. Now car payment is in collections since April or May of 2011. I’m retired disabled Air Force Veteran. I’m …
I have about a little over $3,000 in debt with no established credit history. I do intend to pay off this debt in time. About $2,000 worth of the total debt is owed to the Dept. of Education. I don’t think this is substancial enough to matter just would like some input. Thanks! Will a …
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 …
Marilyn “Hi Steve, I’m really deep in debt and don’t know how to start getting out of it. Every time I research an article thinking that it could be helpful, I get discouraged because I don’t think I can adjust it to my situation. Let me begin. When I got out of the Navy, I …