U.S. military personnel have special privileges under the Servicemembers Civil Relief Act (SCRA) concerning their debt. Basically the SCRA allows certain active military personnel and, in a few cases, nonservice members, to suspend or postpone certain civil obligations in order to focus attention on defending the United States without worrying about financial concerns at home.
Even though many companies claim to be able to eliminate your debt, the reality is that these offers often lead to consumers facing more financial hardship, destroyed credit ratings and even legal trouble. That’s why it’s so important for you to be aware of debt elimination scams so you can avoid becoming a victim.
The burden of debt doesn’t have to last forever. Now is the time to learn from the past and generate a sensible, workable plan that will deal with your current debt and help prevent you from being in this situation in the future. Take a deep breath. Roll up your sleeves. And let’s get to work on your debt solution.