Service Guides
Lenders who specialize in loaning money to active or retired service personnel present a lower-cost alternative to regular banks. Most military lenders will also allow you to borrow money from locations worldwide by approving your application on the Internet. Other People Are Reading ...
If you are a member of the United States Armed Forces, including the Army, Navy, Marines, Air Force, Coast Guard, Army Reserves, or Army National Guard, you can qualify for a military loan that is written without all of the traditional hassle that is involved with traditional loans. It is one of the benefits that is extended to the men and women of the military who serve and protect our country with honor and dignity. All retired and active member of the military can qualify for an easy to obtain loan for various purposes....
Lenders who specialize in loaning money to active or retired service personnel present a lower-cost alternative to regular banks. Most military lenders will also allow you to borrow money from locations worldwide by approving your application on the Internet. Other People Are Reading ...
Recent Questions
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At the Quick Cash today I had to sign a waiver stating I am not an active member of the armed forces. I asked what was going on and the clerk said they will be forbidden by law to give out loans to such people starting in October. Why is this? What law, and why was this law passed? I was told it was a law or it came from the Defense Dept. Not a business decesion. And I think it sucks, what if someone needed a quick loan to make a house payment or something, and would be able to pay it back quickly. They are old enough to go die, I think they can handle money. Lots of good answers, I'm going to have to send it to voting. Thanks for all your input everyone!
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Response:This law was passed because they targeted Military and the interest rates are unbelievably high.
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My husband was looking for a personal loan (to pay off some bad debt quickly, before it ruins his score) but we can't find anyone who specializes in Military Veterans for personal loans. I know that Pioneer Military Loans offers good loans but those are for active duty or career retired and my husband did not retire (he instead was honorably discharged after 6 years service). We live in Washington State if you know of any here.
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Response:USAA does banking for military veterans. They also offer insurance and lots of other services. I got 2 car loans through USAA. They are still pretty strict with giving out loans however. You still have to have decent credit and a steady income.
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Does anyone know of a good lender (trustworthy) enough to get around a $10,000 loan to consolidate debt and only have to make one payment a month instead of like 6. Thanks alot and anything will help.
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Response:I know you can go to http://www.militaryloans.com and take out a loan for $10,000, with low interest rates. They will let you know if your are approved with in 24 hours.
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My fiance is in the military. He just opened a bank account. Besides that, he has no credit at all. Taking into consideration that he's in the Army, what are the chances he can get approved for a personal loan of $5,000 - $6,500?
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Response:At the risk of sounding like a callous cad, unless you already have 5 grand in savings, you're not going to get a 5K loan from a bank given a soldier's bankrolling. I am sorry. Capitalism is like that. It sucks.
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Recent Answers
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does anyone know of any loans that work for military(personal loans) besides.....pioneer military loans, omni financial, armed forces loans, just military loans, military financial, or military finding. I have a soldier in desperate need of some sort of help rather then AER as well his credit is obvisouslly not that great so just any bank is not going to work. PLEASE HELP. This soldier is an outstanding soldier but has alot of bills, and is struggling badly. Any suggestions okay besides aer and seeing a chaplin he does not want to go threw his commander and does not want me to say anything to the commander, and it does not matter if it is short term or long term. I have enrolled him in budget counseling already and they seem to be helping a bit, but i need some more advice please
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Response:He should go get on a buget and check with ACS for a class on it. He should maybe look into consolidation loan instead. Try to get a part time job (it is possible but sucks) or sell stuff he doesn't need anymore. He needs to talk to his chain of command because if his creditors call him commander first it will not be a good thing.
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My husband is in BASIC rt now and soon will be doing AIT... he is Active first.. is there any govt or military loans that he would qualify for .. like a loan to buy a house??? I understand that the OMNI loan is more of a personal loan for whatever and that its max. amnt that can be borrowed is 10,000. ( We need 50,000 ... and I have bad credit... ((hospital bills)) )
Any help or advice would be greatly appreciated!-
Response:However if you are in debt you shouldn't be trying to make any major purchases. Credit is still going to be looked at if the house is going in both your names. If you are already making payments why not see about tranfering the title into your names.
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Does anyone know of a good lender (trustworthy) enough to get around a $10,000 loan to consolidate debt and only have to make one payment a month instead of like 6. Thanks alot and anything will help.
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Response:I know you can go to http://www.militaryloans.com and take out a loan for $10,000, with low interest rates. They will let you know if your are approved with in 24 hours.
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