How Active Military Can Utilize Credit Card Benefits
The Servicemember Civil Relief Act (SCRA) mandates that active-duty service members be granted financial relief, but some credit card companies offer more than the required amount. According to the SCRA, lenders must limit pre-service debt to 6%. However, other …
View moreMilitary Divorce Retirement Pension Rules: Key Changes Explained
Divorce can be challenging for anyone, but what does the law say about the benefits a former spouse is entitled to? We’ll discuss the basics service members should know about military retirement pay and divorce. This will help former military spouses and …
View moreMilitary Spouse Licensing Act: Latest Updates on SCRA Benefits for Spouses
If you’re part of a military family, you’re likely familiar with SCRA benefits for spouses. But did you know another vital piece of legislation affects active duty service members and their families? The Military Spouse Licensing Relief Act is …
View moreSCRA Paper Exposes Underused Benefits
A couple of months ago, the Consumer Financial Protection Bureau (CFPB) issued a research paper revealing that plenty of Active Duty servicemembers entitled to reduced interest rates under the SCRA were not receiving the benefit from their creditors. The report …
View moreTowing and Repossession Companies – The Justice Department will come if you take shortcuts!
The U.S. Justice Department filed a lawsuit on March 3, 2023 against a towing operator, alleging that it auctioned off cars without doing adequate verifications under the Servicemembers Civil Relief Act (“SCRA”) or filed “rubber-stamped” SCRA Affidavits while ignoring obvious …
View moreChanges and Updates to the SCRA from Bill H.R. 7939
To bring in the year of 2023, the President signed many Bills into effect on January 5th. One of these Bills being H.R. 7939, more commonly known as the “Veterans Auto and Education Improvement Act of 2022”. This Bill partially …
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