View Full Version : Help with Interest Rates and other stuff

10-12-2009, 01:34 PM
Since this also pertains to Spouses and Children of Service Members I have also placed this here.

If you are joining the Military whether Active Duty, Reserves, or National Guard the Soldiers and Sailors Civil Relief Act (SSCRA) may benefit you. In many cases you can lower Credit Card and Mortgage Intrests Rates of you and your spouse if aquired prior to you joining the military.

I will not rewrite the article(s) so just click the links and read. In some articles there will be form letters to send to the creditors.

I lowered my Mortgage Intrest Rate when I switched from USAR to AD in 1999 from 14.7% to 7% (I believe at the time). Now it is 6%.

Just dig around the 2nd Article and you will find very useful info that can save you thousands of dollars.

http://www.defenselink.mil/specials/Relief_Act_Revision/ (http://www.defenselink.mil/specials/Relief_Act_Revision/)
http://usmilitary.about.com/od/sscra/l/blsscra.htm (http://usmilitary.about.com/od/sscra/l/blsscra.htm)