Are there any military debt consolidation loan programs?

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  1. Reply
    Dona S
    July 17, 2011 at 7:42 pm

    Yes there are many military debt consolidation loan program on internet. EZConsolidation is the pioneer in military debt consolidation provides feature affordable loan consolidation services for the people of US Army, Navy, Air Force and Coast Guards.

  2. Reply
    Sgt Big Red
    July 17, 2011 at 8:03 pm

    Stay away from them, they are not the answer to your problems, many including the one mentioned are just going to pass along your information to some local lender and process a loan for you and charge a fee. The costs of consolidation loans can add up. In addition to interest on the loans, you may have to pay “points,” with one point equal to one percent of the amount you borrow.

    If you are active duty then you are covered under the provisions of the Soldiers’ and Sailors’ Civil Relief Act of 1940, you may qualify for any or all of the following:

    • Reduced interest rate on mortgage payments.
    • Reduced interest rate on credit card debt.
    • Protection from eviction if your rent is $ 1,200 or less.
    • Delay of all civil court actions, such as bankruptcy, foreclosure or divorce proceedings.

    You can also talk to the base credit union loan officer for a debt consolidation loan at a far less APR then most others. To learn more about these or other provisions of the Soldiers’ and Sailors’ Civil Relief Act, contact your unit or installation legal assistance office.

    Hope this answers your question

  3. Reply
    July 17, 2011 at 8:49 pm

    military debt consolidation loan Best Resource For military debt consolidation loan You are Here >

  4. Reply
    July 17, 2011 at 9:29 pm

    Deployed military personnel automatically have their interest rates go to 6% if they fax in a copy of their orders. As far as debt consolidation or settlement programs, I doubt if you would want the military or any other large bureaucracy handling that for you. The private sector however has many efficient programs to get you out of debt. You might consider debt settlement. You can payoff the debts over 36 months while paying less per month and being DONE at the end; paid in full. My sister used a company called Total Debt Solutions – to get out of debt. If you have more than $ 10,000 in debt, check them out; you can call and talk to them toll free for nothing. The company they partner with has been in business 10 years, have no BBB complaints, and mandate that you keep your funds in a trust account (this protects you.) Best of luck to you.

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