Remember Me
forgot your password?

Personal Loans For Military Personnel

If you are in the military and are thinking of getting a personal loan make sure you know the facts of your loan terms before signing on the dotted line. You will find that there are many businesses on the internet claiming to be military loan companies, however, all of these loan companies are not created equal. A great majority of these businesses advertising as military loan companies are actually just payday advance loan shops. These payday advance loan dealers are nothing more than modern day loan sharks. They are designed to trap you into borrowing more money, thereby escalating your debt while charging you an annualized interest rate that will most likely exceed 300%! You should stay away from these type of loan companies at all cost. There are legitimate military loan companies who offer personal signature loans with reasonable interest rates... you just have to do your homework when shopping around. Some important points to look for in choosing a company that offers personal loans are:

  • Not A Payday Advance Loan Company

  • Competitive, Reasonable Interest Rates

  • Flexible and Affordable Loan Payback Terms

  • Stable Company With Excellent Reputation

  • Fast Loan Decisions (this is most important if you have an emergency situation)

  • Loan Rescission Period (ability to cancel loan if you change your mind)

One such company that fits the above criteria is Pioneer Military Lending. They have been serving the military exclusively for almost 2 decades and offer personal loans to active duty military, 20-year military retirees, and DOD employees. They offer loan amounts from $500 - $10,000 and loan proceeds can be used for any purpose including debt consolidation, computer financing, emergencies and auto financing.

There are other traditional loan companies such as banks and consumer financing establishments that may offer personal loans, however, they do not cater to the military exclusively and therefore their loan underwriting guidelines may not be as understanding of the unique and sometimes urgent situations that apply to members of the armed forces and their families. If you are a service member and have been denied credit for a personal loan from one of these traditional financing sources then you should try a company that caters to the military. A great resource for more information on loans for military members including personal loans from Pioneer Military Lending is www.militaryvaloan.com.

Levetta Rivera

Levetta Rivera is a successful mortgage broker, author and publisher of several financial related websites. For more information on the various loan programs available to military and non-military visit http://www.militaryvaloan.com and http://www.equityloansource.com

Rate this Article: 4 / 5 stars - 1 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Finance Articles
  • More from Levetta Rivera

Debt Settlement - How to Utilize a Bad Economy and Get a Debt Settlement

By: Matt Couch | 03/01/2010
When economy is in recession, it is the right time to take steps to eliminate unsecured debt.

Debt Settlement Info - Where to Get Free Advice and Locate the Best Debt Programs

By: Matt Couch | 03/01/2010
A generation ahead people took pride in claiming they either took a minimal or no loan or still managed all expenses- household, education, house, car etc on their own.

How Obama is Providing Generous Debt Relief Options - Tips on How to Get Out of Debt

By: Matt Couch | 03/01/2010
With jobs being lost, stock markets not doing well, value of homes going down, people of USA are in huge debts.

Debt Management Programs - How a Debt Settlement Can Help Your Finances

By: Matt Couch | 03/01/2010
The debts are at an all time high.

High Risk Loans-Simple and Acceptable Terms

By: Jessica Tiel | 03/01/2010
It’s just matter of time so now you can get your desire money with simple and acceptable condition, high risk lender would so it for you.

Forex Charts Are a Must-Have Tool to Expand Your Trading Successes

By: John Eather | 02/01/2010
Foreign exchange is always an important consideration, whether you are traveling abroad for vacation or your job. Due to it's ever changing nature, it is extremely problematic to predict the market's movements in the future.

Getting an Online Cash Advance Loan is Easy

By: Thomas Jones | 02/01/2010
Times have been tough and the recent drop in the job market and recession has taken a toll on every humans lives. Every part of this world is affected by the downside, with increasing prices it has been difficult for families to handle the monthly budget efficiently. There are some...

How To Use Leading And Lagging Indicators In Trading?

By: Ahmad Hassam | 02/01/2010
You must know how to use the leading and lagging indicators in trading to make the right entry and exit decisions. Without mastering how to use the leading and lagging technical indicators you won't succeed at trading.

A Lace Front Wig Can Help You Look Like A Model!

By: Levetta Rivera | 17/10/2007 | Women's Issues
You often see fashion magazines featuring fascinating models with beautiful hair in gorgeous shades of ebony, blonde and brown, but what many don't know is that most of these beautiful models aren't actually posing with their natural hair but rather they are wearing lace front wigs. You too can look...

Consolidate Debt With a Home Equity Loan

By: Levetta Rivera | 01/12/2006 | Finance
If you are a home owner who is having to borrow from Peter to pay Paul every month due to a mounting debt load, a debt consolidation home equity loan may be the answer.

Home Equity Loans

By: Levetta Rivera | 01/12/2006 | Finance
Many homeowners get a home equity loan to consolidate bills. This can be a great strategy if you are overburdened with high interest credit card and/or consumers loan debt.

No Income Verification Home Equity Loan

By: Levetta Rivera | 29/11/2006 | Finance
A no income verification home equity loan is a second mortgage loan that does not require you to provide income documentation to qualify for the loan. This type of loan is great for homeowners who need a home equity loan but have hard to document income.

125% Equity Home Loans

By: Levetta Rivera | 29/11/2006 | Finance
If you are a homeowner in need of a home equity loan but you have not yet built up any equity in your home, don't despair. A 125 percent equity home loan may be the answer.

What is a Second Mortgage?

By: Levetta Rivera | 28/11/2006 | Finance
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender's lien, hence the term second mortgage.

Do Bad Credit Home Loan Mortgages Really Exist?

By: Levetta Rivera | 22/11/2006 | Finance
What is a bad credit home loan mortgage? Do these type of mortgages really exist? The answer is an astounding yes! Contrary to popular belief, you do not have to have perfect credit to obtain a mortgage loan.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.06, 1, w3)