Question by Starbucks Love: Are their any reputable companies that offer personal loans for military veterans? 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. Best answer for Are their any reputable companies that offer personal loans for military veterans?:
Answer by intheleast
Obtaining an unsecured loan to pay off other debts is almost impossible. If you have collateral (like a paid-off car or a paid-off home) then you should be able to get help from a bank or credit union. Or if someone in a strong financial position with great credit will agree to co-sign you might be able to swing something. However, in these economic times, you'll probably not find what you're looking for........military veteran..active duty...or mere citizen.
Answer by Sharon T
Try a local credit union. He may qualify for a military-affiliated one.
Answer by William
I don't think you'll find any lenders willing to lend just because of veteran status. You still need to qualify for the loan. I would recommend that he look into USAA for future banking and insurance needs. They are very good.
Answer by siammais
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.
At valoantrust.com we specialize in VA Loan requirements. These are loans for military personnel. Va Fixed Rates are below 5%. We will also help you with your VA Certificate. Don't wait !
http://leafgardenpress.com/ VA Loan Requirements for loans for military
The settlement follows almost two years of problems surrounding military members who weren't treated in accordance with the law, which is designed to protect military personnel from debt collection on delinquent loans while on active duty and deployment. Capital One Settles With US Over Active-Duty Military Card Borrowers
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In today�??s time, unfortunately the biggest drawback of working in an army is on the monthly budget of their family. In most of the cases, the pay checks are so low that these people who work day and night for us on the borders and other locations do not even get their full livelihood. Military personnel�??s have their own unique needs along with the basic needs of the family and so the military payday loans scheme has been introduced in the market to help the military persons. Although many financial schemes are available to help them to some extent but this is the best scheme that is there in the market for them. Full attempts are made to make sure that these people live a good life by providing various benefits, if they avail this scheme.
The military payday loans scheme has been there for them as when they selflessly work for us, they should also be helped selflessly. This scheme aims to achieve this objective to a great extent and so has become quite popular so soon. But you have to repay the borrowed amount till your next payday. Furthermore this scheme is very user friendly and does not demand any pledging of assets. The facilities are provided to the military employee with least difficulties. You need to fulfil some other requirements before getting money through this scheme:
�?� You should be a citizen of USA.
�?� You should be at least 18 years old or above.
�?� The proof of capability to repay the amount
�?� You should possess a valid bank account.
Just fill an online application form mentioning some of the basic details of yours like your name, address, account number, employment status, age, purpose of taking money etc. After that your application is processed and finally when the lender is convinced the money is credited in your account electronically.
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