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Thread: Help with Intrest Rates and other Stuff

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    Super Moderator dibblejr's Avatar
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    Post Help with Intrest Rates and other Stuff

    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/..._Act_Revision/
    http://usmilitary.about.com/od/sscra/l/blsscra.htm

    Forms
    http://home.fuse.net/geyganjr/page6.html
    Last edited by dibblejr; 10-12-2009 at 01:56 PM.
    SFC USA Retired
    Former USA/ USAR "Ring" Recruiter

    AD USMC 1981-1993
    USAR 1993-1995
    AD Army 1996-2008

    Just ask me for assistance in your quest to join the Army.

    In Memory of my FALLEN Comrades;

    MGYSGT Wilfred Cordice
    LTCOL Leon James III I.E.D.
    MSG Thomas Tulia I.E.D.
    SFC Carl Benson I.E.D.
    SFC Casey Howe I.E.D.

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