Military retirement COLA 2027: the 3.6% isn’t every retiree’s number. Find your group before you spend the raise or sign for a new payment.
A Military Star debt can be taken from Social Security: at most 15%, and never the first $750. The math, the notice rules, and what you can do.
A creditor, landlord, or repo company may have broken federal law while you were deployed. Here’s how to invoke your SCRA rights and get it fixed.
The DOJ announced CarMax will pay nearly $500,000 after illegally repossessing at least 28 servicemembers’ vehicles without the court orders required by federal law. Each affected servicemember gets at least $15,000 plus any lost equity.
Quick Answer: Military debt can help build credit when managed properly, but the 2006 Military Lending Act has failed to protect service members from predatory lenders charging over 400% interest rates. Despite the law’s intent, lenders easily circumvent narrow definitions, leaving military families vulnerable to exploitation around base perimeters.by Paul Kiel, ProPublica, and Mitchell Hartman, …
Quick Answer: Military members, teachers, and other public service employees can eliminate federal student loans through the Public Service Loan Forgiveness Program after 10 years of qualifying employment. This program offers complete discharge of federal student debt for eligible occupations including military service, law enforcement, emergency management, and public education.More and more at GetOutOfDebt.org we …
Quick Answer: Military families facing debt have access to specialized resources, but timing and eligibility matter significantly. This Army family’s situation illustrates how medical issues can devastate military finances, with disability benefits potentially as low as $62-108 monthly due to limited work history from frequent military moves.“Dear Steve,I am wondering if you know a way …
Quick Answer: Military debt relief can help with student loan benefits like income-driven repayment and potential forgiveness, but won’t directly reduce the person’s $18k credit card debt and $26k student loans. Air Force enlistment may provide stable income for debt management, though existing debt could complicate the enlistment process.Sir,I wanted to ask you what my …
Quick Answer: The CFPB launched the Repeat Offenders Against Military Database (ROAM) to help law enforcement quickly identify financial scams targeting military families. This first national coordinated effort could have prevented companies like those near Fort Drum from selling overpriced electronics with high-interest contracts to soldiers across multiple states.The Consumer Financial Protection Bureau recently announce …
“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 …
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