Borrowing Money & Managing Debt | Personal Finance
Managing Your Debt
FINRA Foundation research shows a significant number of military families have large credit card debt, with one in four respondents reporting outstanding balances of more than $10,000. Use these tools to learn more about credit scores, managing credit and ultimately making better financial decisions.
Predatory Lending Warning Signs
Payday lending (sometimes called a "cash advance") is the practice of using a post-dated check or electronic checking account information as collateral for a short-term loan. To qualify, borrowers need only personal identification, a checking account and income from a job or government benefits, like Social Security or disability payments.
Expanded Credit Protections for Service Members and Their Families
The Military Lending Act protects military families like yours from wrongful loan practices.
How to Reduce Your Dependency on Credit When You’re in the Military
Take control of your finances by reducing your debt.
5 Tips for Using Credit Cards Overseas
Whether you're stationed out of the country or just traveling, plan to use your card wisely while overseas.
11 Calculators to Help You Scope Out Your Personal Finances
Buying a car or appliance? Applying for a loan? Paying off debt? Saving for college? Take more control of your personal finances. Military OneSource has assembled 11 calculators to show you how to pay off debt and help you better manage life's financial decisions.
Military Relief Organizations and Emergency Financial Help
If you’re having serious financial problems, your service relief organization may be able to help. Army Emergency Relief, the Navy-Marine Corps Relief Society and the Air Force Aid Society are here to help you weather financial emergencies.
How to Pay Down Your Holiday Debt
If you overspent during the holidays this year, it's time to get your finances back on track.