Armed Services Continued
Are you aware of your rights as a deployed soldier? Below are ways DMCC can help you organize your debt and keep it current not only while you are away, but also upon your return:
- Through our DMP program, we can negotiate with your creditors to reduce your monthly payments, bring your accounts current, reduce the interest rates and stop the collections activities. We will get your finances back on track without you having to declare bankruptcy. read more
- Through our Credit Report Assistance program, we can assist you to fix any errors, remove erroneous information and put the proper alerts for deployed soldiers on your credit report.
- Through our free educational materials, we will help you understand how credit and creditors work. You will learn how to interpret your credit history and credit scores. You will also learn to manage and use credit wisely.
- If you are about to be deployed but are still state side, we can assist you to invoke your rights with your creditors. We can also assist your appointed power of attorney with the proper process to notify your creditors of your rights under the Service members Civil Relief ACT.
If you are currently deployed, you may contact a certified credit counselor over the Internet by Live Chat.
Our live chat hours are Monday-Friday (8:30 a.m to 6:00 p.m EST).
If you have not been deployed yet, and wish to contact a certified credit counselor by phone,
please call 866-618-DEBT, Monday - Friday (8:30 a.m to 6:00 p.m EST).
What is the Servicemembers Civil Relief Act?
Formally the Soldiers and Sailors Act
In 1940, the United States Government enacted the Soldiers and Sailors Civil Relief Act. In 2003, the Act was amended and renamed the Servicemembers Civil Relief Act. This law offers additional rights and protections from creditors, for service members currently serving in the U.S. Armed Forces. According to Bankrate.com, federal laws mandate that active-duty military personnel get special consideration when it comes to their jobs and financial obligations. However, some employers and creditors do not know, understand or comply with these regulations.
American Forces Information Service, DefenseLink.mil states that this Act offers the following protections and assistant to active duty soldiers (where debt was incurred prior to deployment): Continue
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