Those who serve in the military and risk their lives for our country are eligible for military loans. Even while they make sacrifices for our country, they also need financial assistance every now and then as well. Military loans are used to help serve those that are in the military as well as their families.
Individuals who served in the Navy, Air Force, Coast Guard, and Marines can be eligible with both good and poor credit depending on the company that they contact. Military loan companies offer different types of repayment schedules, interest rates as well as the amount that any military personnel may borrow.
Below is a list of different military loans that military personnel and their families can apply for online.
* Pioneer Services: offer loans for all types of credit scores (poor or bad). May borrow from $500 up to $10,000. It also offers military debt consolidation loans. Available to active duty and those who are retired from the military.
* Omni Financial: offers loans up to $10,000. Can be given the cash loan within the same day as application. Omni Financial offers loans to current active-duty military personnel in the Marine Corps, Air Force, Navy, Army, or Coast Guard. Applicants can apply in person, over the phone or online. There is also the Power of Attorney loans available for those who have been deployed oversea.
* Just Military Loans.com: available loans for $1,000-$3,000. Available to a military member who has served in any military branch for at least 18 months or more. Applicants may have no credit, poor credit, or even if they have been turned down by a pay-day loan company. If applicants apply before 4 pm EST, they can have their application reviewed within the same day that they applied. Applicants also have up to 12 months to repay their loans.
Each applicant should always double-check with the current company that they thinking of applying for a loan with. Always check with the better business bureau for background checks and past services to other military members. Military personnel should also talk with other military members or those that are in charge to find out who they may have contacted for personal loans too.
The military loan companies listed above are just a few of the top three loan companies that interested applicants may apply with. Financial trouble can hit at anytime-whether you are deployed oversea, or actively serving your country in a local area. Current military members and retired veterans should be able to apply for help during their most troublesome hardships, as they should be greatly rewarded for serving the United States of America.