Comments on: A different kind of military debt

By: sub car amplifier audio

sub car amplifier audio — Sat, 03 Jan 2009 01:46:55 +0000

audio amplifier 2 car audio car amplifier zx4001

By: Natalie

Natalie — Sun, 12 Nov 2006 17:00:06 +0000

Outside each military installation where I have visited or lived, you can find so many places that will extend credit to servicemembers – not only payday lenders. Car dealerships, appliance stores, almost anything – if you’re military, you can get credit. It’s become a huge problem and while I’m glad that the higher-ups are starting to take notice, it’s going to take more than stopping payday loan places & throwing a bit of credit counseling their way. I know quite a few service members who’ve gotten in trouble with gambling/gaming. They probably saw it as a chance to get out of debt(if they could just win – maybe the next game… etc) but just wind up with more debt. The county DA’s office where we were stationed used to come to the base each week with bad checks written by service members & contact their commander to make pay arrangements. I was in the liason’s office once getting a map & the DA representative told me that his list was HUGE & talked to me about the merits of balancing the checkbook regularly.

By: dimes

dimes — Fri, 10 Nov 2006 18:45:43 +0000

Yup! Military personnel are being passed over for international assignments if their personal debt levels are too high, because they’re considered more succeptible to bribery or treason.
They say that limiting predatory lenders to 36% APR is going to put them out of business for the most part. If that’s the case, why not just outlaw them on a state level? Virginia only began allowing payday lenders in 2002, and they could just as easily outlaw them again.