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Started By
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Benefits for veterans?
Posted on 8/7/16 at 5:00 pm
Posted on 8/7/16 at 5:00 pm
I just found out that the "Credit Relief Act" allows Active Duty servicemembers to reduce their APR to ~5.4% *AND* get reimbursed for ALL interest paid for the duration of the credit line.
That's awesome.
But what about veterans? I have searched all over and I can't find shite...
I'm get angrier and angrier thinking that all of these programs came too late for me to get ANY type of consideration...
That's awesome.
But what about veterans? I have searched all over and I can't find shite...
I'm get angrier and angrier thinking that all of these programs came too late for me to get ANY type of consideration...
6
Posted on 8/7/16 at 5:04 pm to yankeeundercover
What are the conditions to that? I could use some APR relief on my car, I am getting raped on it right now.
Posted on 8/7/16 at 5:05 pm to yankeeundercover
Nobody should get relief from debt they agreed to repay.
This post was edited on 8/7/16 at 5:06 pm
Posted on 8/7/16 at 5:05 pm to yankeeundercover
quote:unless something changed you only got the reduction while overseas
I just found out that the "Credit Relief Act" allows Active Duty servicemembers to reduce their APR to ~5.4% *AND* get reimbursed for ALL interest paid for the duration of the credit line.
Posted on 8/7/16 at 5:09 pm to brass2mouth
This is the answer. I did luck out though on the last truck I bought and they restructured the whole contract and took my balance to zero with 6 months left on the contract.
Posted on 8/7/16 at 5:09 pm to OysterPoBoy
quote:
Nobody should get relief from debt they agreed to repay.
U should get the relief from my ballsack
Posted on 8/7/16 at 5:17 pm to DByrd2
quote:
I could use some APR relief on my car, I am getting raped on it right now.
If you couldn't even get 5% on a car note you had no business taking out a loan for a car
Posted on 8/7/16 at 5:41 pm to 13SaintTiger
You think I don't know that? It was either take out a loan or have no vehicle. Life happens, man.
Posted on 8/7/16 at 5:42 pm to yankeeundercover
Did you mean the Servicemember Civil Relief Act?
This post was edited on 8/7/16 at 5:43 pm
Posted on 8/7/16 at 5:52 pm to yankeeundercover
quote:
I'm get angrier and angrier thinking that all of these programs came too late for me to get ANY type of consideration
quote:
Despite the act's official title dating it to 1940, its origins can be traced as far back as the Civil War when the United States Congress passed a total moratorium on civil actions brought against Union soldiers and sailors
How old are you, man?
Posted on 8/7/16 at 6:05 pm to yankeeundercover
Soldiers and Sailors Civil Relief Act
Remaining largely unchanged since 1940, the The Soldiers' and Sailors' Civil Relief Act (SSCRA) was updated on 19 December 2003.
The SSCRA is a law that helps the military member have more time to pay debts, honor contracts, pay taxes, maintain state of dwelling for tax purposes, as well as be granted stays in legal proceedings, terminate lease agreements, and avoid eviction if military service is the cause of the member not being able to pay or honor such agreements due to service.
The provisions of the SCRA generally end when a service member is discharged from active duty or within 90 days of discharge, or when the service member dies. Portions of the SCRA also apply to reservists and inductees who have received orders but not yet reported to active duty or induction into the military service.
More detailed info:
Servicemembers Civil Relief Act (SCRA)
Remaining largely unchanged since 1940, the The Soldiers' and Sailors' Civil Relief Act (SSCRA) was updated on 19 December 2003.
The SSCRA is a law that helps the military member have more time to pay debts, honor contracts, pay taxes, maintain state of dwelling for tax purposes, as well as be granted stays in legal proceedings, terminate lease agreements, and avoid eviction if military service is the cause of the member not being able to pay or honor such agreements due to service.
The provisions of the SCRA generally end when a service member is discharged from active duty or within 90 days of discharge, or when the service member dies. Portions of the SCRA also apply to reservists and inductees who have received orders but not yet reported to active duty or induction into the military service.
More detailed info:
Servicemembers Civil Relief Act (SCRA)
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