Debts Piled Up While I Was in the Hospital. Here’s What to Do Right Now.
Rent, car payments, and credit cards went delinquent while you were hospitalized. Here is the order to call creditors and what happens next.
scra
Chicago Man Gets 27 Months for Scam Targeting Active-Duty Troops Through Social Media
Scammers posed as senior military officials on social media and stole $165K from newly enlisted troops. The red flags and your federal protections
Veterans in Financial Crisis: The Debt Protections and Options the System Won’t Tell You About
Veterans have a 6% interest rate cap, foreclosure protection, and bankruptcy rules that shield disability pay — but fewer than 1 in 10 ever get the benefits they earned.
CarMax to Pay $500,000 After Illegally Repossessing 28 Servicemembers’ Vehicles
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.
Wells Fargo Military Class Action Sent to Arbitration — What Active-Duty Service Members Need to Know
A federal court recommended sending the Nowlin v. Wells Fargo SCRA class action to arbitration. The key ruling: the MLA arbitration ban only applies to accounts opened after October 3, 2017. Here’s what military borrowers need to know.
Veteran Debt Relief Grants: Free Programs You Have Already Earned
Veterans have access to debt relief grants and financial programs most never hear about. VFW, Operation Homefront, USA Cares, and the VA all offer free assistance. The VA expanded its debt waiver deadline to 12 months in 2026.
Military Deed in Lieu of Foreclosure Lies
Quick Answer: The mortgage company’s claim that a deed in lieu of foreclosure wouldn’t affect credit was false, as lenders must accurately report all negative payment history and foreclosure alternatives. Military members cannot have negative credit information removed simply because they received incorrect verbal assurances, and the Servicemembers Civil Relief Act doesn’t apply to post-discharge …
Military Mortgage: When It Helps and Hurts
Quick Answer: Military families on active duty receive foreclosure protection under federal law, but this doesn’t eliminate the debt obligation. While NationStar cannot foreclose during active duty service, the unpaid mortgage balance continues to accumulate interest and fees, creating larger financial problems when military service ends.“Dear Steve,My husband’s employer did drastic pay cuts in 2009. …
I’m Active Duty Military. Is There Any Relief I Can Get From My Mortgage? – Kenneth
Quick Answer: Active duty military personnel can receive mortgage relief through the Servicemembers Civil Relief Act, including reduced interest rates and foreclosure protection, but no programs exist to reduce principal balances for underwater mortgages. Since Kenneth is current on payments and $80,000 underwater, loan modifications and bankruptcy cram-downs are not available options.“Dear Steve,Miltary active duty. …
