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The Servicemembers Civil Relief Act SCRA Department of Form

The Servicemembers Civil Relief Act SCRA Department of Form

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hey what's going on everybody chad here with another money minute this one's from my service personnel my active military my military families you might be able to drop some game off with our enlisted personnel there is a program called the service members civil relief act what this act does is allow service members to concentrate on their duties when fighting abroad instead of worrying about financial issues at home there are certain protections afforded to them like did you know under that act any pre-service loans that you've taken out can have the interest rates capped at six percent you just have to provide your active service records and they can't ding you on your credit report they can't have uh negative comments about you and they can't close your accounts it also affords other protections like protection from fourth foreclosure from repossession and judgment in k in in certain cases but i just want to let you know so you can pas

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