It seems to be the same every January: consumers are left with a shopping hangover, characterized by too much money charged on too many credit cards. It can be hard to get the year off on the right financial foot when there are a dozen different credit card payments to make and the balances on each are accruing interest at staggering rates. 
Our nation’s men and women in uniform draw the attention of the public all across the country and the world. In general, the recognition is positive and gracious, but sometimes the attention is predatory.
Bankruptcy: It’s an ugly word. It shoulders negative connotations and uneasy feelings for all those involved. Yet in the last year alone, nearly 1.5 million non-businesses struggling with debt repayment opted for this form of insolvency. As today’s economic climate affects more and more Americans, veterans included, the bankruptcy option is increasingly being utilized.
A disconnect between veterans and the general population is nothing new. It’s an obstruction that dates back to the Revolutionary War. Veterans of the Continental Army, some hundreds of miles away from home, were treated poorly upon discharge and besieged by debt. Many found themselves jobless. The mounting hardships culminated in rebellion.
Debt is an issue for a huge portion of the American population, especially when it comes to repaying loans and lines of credit. However, there are several characteristics of the military lifestyle that make debt especially difficult to ward off after transitioning to civilian life.
You may be lured by ads claiming to eliminate debt or credit problems quickly and easily. You can call a professional and pay them to wipe the slate clean, “guaranteed.” These proclamations of debt help sound promising, but are they legitimate?
The Armed Forces Bank is offering great and fair auto loan rates. They are also a very reliable institution offering a variety of other services for their clients in addition to auto loans. Here are the current rates for new and used auto loans:
Like a conventional 401(k) retirement plan in corporate America, members of the military and federal government employees can withdraw a portion of their tax deferred retirement plan in the form of a loan. Government employees can invest in the federal Thrift Savings Plan, which allows them to invest in index funds with before-tax dollars and later pay taxes on withdraws in retirement.
The plan also allows investors to take loans out against their retirement plan’s value, but there are several distinct advantages and disadvantages for doing so.
Academy Bank, N.A. offers a wide variety of services for their clients ranging from free checking to high-interest savings accounts and even low loan rates. Check out Academy Bank’s auto loan rates below and see how they compare to other auto lenders:
Low auto loan rates are not easy to find when so many different financial institutions offer such a wide variety of car financing options. However, for those who are looking for their next new or pre-owned car, finding the best auto loan rates is worth the time and effort. Luckily for you, First Command Bank offers an outstanding loan rate for customers. Check out the competitive car loan rates below for both new and pre-owned vehicles.
 |
Chris Mandia is a Southern California writer who writes on military issues. Serving two tours in Iraq as a Marine machine-gunner, ... |
 |
Ryan is an entrepreneur and writer. He has worked for Fortune 500 companies and served six years in the US Air Force. He's the pri... |
