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Topic: Financial Education
Replies: 3   Last Post: Jun 22, 2012 3:44 PM

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Alice Justice

Posts: 2
From: Murfreesboro
Registered: 6/27/11
Financial Education
Posted: Jun 27, 2011 9:22 AM
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I read an article concerning the alternatives to payday loans for people in the military. The article explained how many people in the military get trapped in the a spiral of debt because they often move a lot and this makes it hard for them to qualify for standard loans. They end up using credit cards or payday loan services which may result in a long term cycle for them. It was stated that now federal legislation regulates loans made to service members. This is called the Servicemembers Anti-Predatory Lending Protection Act.

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