Christian Active Duty Military Loans
Christian active duty military loans are ones that are offered to those men and women who are busily serving in the Armed Forces. There are many options for soldiers who are active. As diligent members of the Armed Forces, banks, credit card companies and agencies will all be vying for their business. Offers will arrive daily promising low interest rates, no annual fees or application charges and sometimes frequent flyer miles or cash back. All these funds for military personnel can look appealing but wisdom must be used when considering to borrow. There are legitimate reasons why these situations may be a wise choice. Emergencies occur that necessitate borrowing, but it should be known that in an emergency situation people should not make hasty decisions that will jeopardize their future.
Funds for soldiers can be a great benefit for those serving our country. If a service member has a emergency or needs money for everyday purchases, the benefits offered to personnel are very appealing. With some hard work and research, there are some great deals. Make sure people thoroughly check out the company they choose. There are many local companies that offer various forms of assistance. Lending institutions are right outside the gates of the installation. If people are considering a local 'quick cash' agency, they should call the Better Business Bureau or Chamber of Commerce to investigate their reputation. People must consider how he or she will pay back the debt so they should plan ahead and make sure the payment will fit into their budget.
Financial assistance abounds so as a soldier, people can pick and choose their offers when it comes to funding. The options are limitless. When looking for money, people should investigate not only the company but consider what he or she will use it for. If it is a short-term emergency, look for the lowest interest rate with the least amount of fees is ideal. If people are considering a long-term purchase such as an automobile or home, look for rates far below conventional structures and mortgages.
When considering financial assistance for Armed Forces personnel, Christians should remember what Matthew 6:20 says "But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal." These debts have their place when used for necessities but the most important point to remember is the difference between wants and needs.
Armed forces monies are borrowed funds granted to men and women presently serving anywhere in the world. Usually the lending companies require there remain a minimum amount of time left the borrower must serve in order to process the request. This time period varies from 15-24 months remaining in order to qualify.
It doesn't matter where in the world the borrower is stationed in order to get funding. The contract can be processed and the funds deposited in any bank account, sometimes within 24 hours of applying. The payments are processed through payroll deduction, so there are no monthly payments to remember or checks to write. There are usually no processing fees or collateral involved. Often even a bad credit history is not a problem, and these offer a great option if you are looking for the extra cash.
Dollars are granted in differing amounts based on rank and fund requirements. They can borrow small amounts starting at $500 up to as much as $10,000 for career soldiers, and can be used to pay for a variety of things like auto repairs, vacations and personal purchases. They can borrow the money to consolidate debts by paying off high interest rate credit cards. Whatever the borrower's needs may be, if serving full time in the army, funds might be exactly what are needed.
It doesn't matter where the borrower is stationed in order to apply for and receive assistance. Fax the information and many times an answer will be received within a few hours and the money directly deposited into a personal bank account. Emergency funds for bereavement and crisis' are usually processed quickly and funds are available for whatever hardship being faced. As long as proof of income can be provided with a leave and earning statement, the financing agreement can be process in a timely manner. There are often no application or processing fees as a benefit. Companies are very knowledgeable about the pay system and can answer many of questions over the phone or via email. Applications are many times online, making it easy to contact and process the request.
Wisely look at all options and research the Internet for armed before applying. There are many companies out there that would like to take advantage of an emergency situation, so prayerfully consider what to do when looking at armed forces military loans. "But seek ye the kingdom of God; and all these things shall be added unto you" (Luke 12:31).
Free Christian Credit CounselingFree credit counseling is available through many online sources that offer financial information and consultation free of charge to consumers. Both Christian ministries and other non-profit agencies offer this service providing a variety of choices for those who need help with their finances. A person should be aware that some companies may claim to charge nothing, but they do charge some fees for certain services once the individual has requested their help. Others require a donation fee for administrative costs and other expenses. This does not always mean that the person will not receive good service and courteous help, but it does mean that it is not really free, so it is important to make sure that the individual knows about any hidden costs before committing.
Many Christian ministry organizations offer counseling as a part of their ministry focus to the community. Many of these organizations can provide expert, professional help for personal finances such as budgeting, debt management and other concerns for the typical family. As a non-profit, many of these groups are committed to biblical ethics and personal responsibility and provide people the best of free credit help. The individual can either receive online help or personal consultations with qualified advisers if they request assistance from many of these sources.
There are many other organizations that offer financial advice and an individual can weed through the maze of them by asking a few questions. One concern that has been publicized quite frequently within the last few years is the question regarding conflict of interest within some agencies and how they receive their operating costs. If a person is in need of assistance to deal with large, credit card debt, they may need to ask any agency that offers these services if they receive any money from credit card companies or unsecured loan companies. Many non-profit agencies receive donations from credit card companies when they receive consumer credit card payments.
Even thought it may not be illegal, the question of whose best interest an agency is working for can be a conflict for the individual. Many reputable, non-profit groups that offer assistance will offer free information, seminars and other financial helps totally at no cost. That is a good indication of whether or not help is available. Any person interested in this service is wise to ask questions before trusting his or her finances to organizations that offer financial advice. "Hear thou, my son, and be wise, and guide thine heart in the way" (Proverbs 23:19). There are many reputable organizations that offer legitimate advising services to consumers who need help with personal finances.
Free credit rating reports are incredibly important for persons and lenders to have because a score is the measure of how reliable an individual is when it comes to repaying. Knowing one's score can help them to get further lending as well because with the knowledge of a poor score, the consumer can work to make improvements. Doing so takes a great deal of strength, such strength that can only come from God. "So that we may boldly say, The Lord is my helper, and I will not fear what man shall do unto me" (Hebrews 13:6).
Although we have all most likely encountered the numerous advertisements and spam which abounds on the Internet for records and scores, these items are not always available at no charge. Most agencies require a credit card in order to receive a free FICO rating report. What consumers are actually signing up for is a free trial period for a given amount of time. After the trial is up, the consumer must let the company know that they do not wish to continue their service, otherwise, a monthly fee will be charged to continue to view the service.
The financial record contains a lot of information concerning the consumer's borrowing history as well as records of reported unpaid bills. A professional can look at that record and rate the information to create a score. A score is very important, allowing lenders to know just how much they can depend on the borrower to pay back the debt. The higher the FICO on the report, the more likely one's chances of being approved for new lending, with low interest rates. A typical FICO should be between 600-700 points. Below 600 is considered a bad risk.
These records supplies lenders with this much needed information. When a Christian gets a free report, and if it is low, he or she can take steps toward correcting it. Getting a FICO and taking steps to repair a damaged financial history puts the borrower on the road to monetary freedom. That is why these records are so important.
Whenever a person applies for dollars, and is turned down, the company is required to offer a copy of the same FICO that they viewed, but the applicant must request theirs. Another important thing is that consumers get a chance to review all information included for accuracy. Sometimes mistakes are made, and seeing a record can help the person see if anything is wrong. So whether they get it by phone, U.S. mail, or the Internet, requesting is an all important piece of information that one should obtain. It's best not even to wait another minute, but to get a record now.