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No. Under the law a lender cannot make an adverse credit report based on a servicemember’s exercising his or her right to get a reduced interest rate under the Servicemembers Civil Relief Act.
Yes, you may be eligible for a VA loan. Because of the Veterans’ Benefits Improvement Act of 2008, veterans who would like to refinance their existing non-VA mortgages into a VA loan may be eligible to do so for up ...
The Servicemembers Civil Relief Act (SCRA) provides military personnel and their dependents protections when it comes to issues related to mortgages and housing.If you are on active duty and obtained a mortgage before you went on active duty (also known as a ...
The Equal Credit Opportunity Act does not guarantee that you will get credit. You must still pass the card issuer’s tests of creditworthiness. But the law bars discrimination based on age, sex, marital status, race, color, religion, and national origin ...
Under the law, you have up to 180 days after you are released from active duty to let a lender know that you were on active duty. You should write your credit card company and send a copy of your ...
No. Under the law a lender cannot revoke or reduce your credit because you have exercised your right to a reduced interest rate under the Servicemembers Civil Relief Act.
The law only regulates the interest rate that lenders charge on amounts that you owed at the time you entered the military or were called up to active duty. If you continue to make purchases with your card while on ...
If you believe your rights were violated, you should contact the nearest Armed Forces Legal Assistance Program office.Dependents of servicemembers can also contact or visit local military legal assistance offices where they reside. You can search online for offices within ...
The Department of Veterans Affairs (VA) offers loan programs to help servicemembers, veterans, and their families buy homes. The VA does not make loans, but rather sets the rules for who may qualify, arranges the terms under which mortgages may ...
The first step is to be sure that you can afford to buy a home and in what price range. If you are on active duty, make an appointment to see a financial counselor at your local installation’s Personal Financial ...
