Military Personnel Getting Close to Payday Loans
http://www.approvedmoneycenter.com/blog/payday-loans/online-payday-loan-lenders-and-military-loan-regulations/ Everyone finds themselves in need of help ...
Adam Bold, payday loans and military
Adam calls for better financial training for our troops, many of whom get caught in the payday loan trap.
Payday Loans To Military Online Payday Loan Request Form. Facing a financial emergency? Get the fast cash you need by requesting a payday loan online! Our request process for online payday loans is simple and easy.
We are NOT a Military Payday Loan Company! Omni Financial ® is a reputable consumer finance company and has been making personal loans to active duty service members worldwide for almost 45 years. Many people mistakenly believe that we provide military payday loans. We do not.
Outflank payday loan sharks who prey on the military! Payday Loans are for immediate cash at very high interest rates . That's why the Department of Defense has recently mandated that military members CANNOT take out payday loans, so payday loan companies CANNOT attack the financial security of military personnel (and their families).
An excellent alternative to other payday lending options, the Alaska USA Payday Credit Line offers an affordable line of credit, no application or transaction fees, and a credit limit maximum that can be paid off reasonably within six months or less.
Another important alternative to military payday loans is the AFAS Falcon Loan. The Falcon Loan is an expedited, no-interest loan of up to $1,000. The streamlined application process allows for quick support when time and resources are limited. Many times military members turn to payday loans as a quick financial alternative.
Are payday loans for the military legal? The short answer is no. Lenders are subject to the Military Lending Act (MLA) — a law intended to prevent lenders from gouging military personnel with exorbitant interest rates and fees that come with payday loans, tax refund anticipation loans and car title loans.