Money & Debt

Resources covering credit and loans, taxes, collections and repossessions, and bankruptcy.

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Postponing a Lawsuit Against You

What if I am sued while on active duty?

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Dependency and Indemnity Compensation (DIC) for Surviving Spouses and Children

DIC is a tax-free monthly benefit paid by the VA to eligible survivors of the following:
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Interactive Form - Letter to Request Lower Credit Card Interest Rate

As a member of the Armed Forces, Reserves, National Guard or other uniformed services, you have some financial protections for you and your family when you are called into active duty military service.

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Interactive Form - Letter to Request 6% Loan Interest Rate

When you go on active duty, it may be hard to keep up with all of your credit payments. This is especially true if you have loans with high interest rates. The Servicemembers Civil Relief Act (“SCRA”) may allow you to reduce your rate of interest on those pre-existing loans while you are on active duty. This federal law sets a maximum interest rate of 6%. (This includes service charges, renewal charges and fees.)
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Interactive Form - Collection Agency Stop Contact Letter

The Fair Debt Collections Practices Act gives you the right to send a letter to a collection agency telling them to stop contacting you. The letter can also point out billing mistakes and request verification of the debt (such as a copy of the contract that you signed).
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Supplemental Programs

These VA programs are helpful but may not cover all of your school expenses. So you may need to look for other programs that can help you to make up the difference.

M21 Compensation Based on Individual Unemployability (IU)

Read for more information on M21 compensation based on individual unemployability (IU).
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Pension Advances: Not So Fast

If you're looking for ways to generate cash to make ends meet, a pension advance may sound like the solution. However, before you sign on the dotted line it's important to know what you are getting yourself into. Terms may be hidden and you could find yourself in a bad deal!
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Should I Opt Into the Rapid Appeals Modernization Program (RAMP)?

The National Veterans Legal Services Program (NVLSP) created a flyer providing information to veterans deciding whether to opt into the Rapid Appeals Modernization Program (RAMP). RAMP is not a good fit for everyone. This information will help you decide if RAMP is a good fit for you. 

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Interactive Form - Motion to Stay Proceedings

You and your family have certain legal protections when you are called into active duty military service. These laws apply to members of the Armed Forces, Reserves, National Guard and other uniformed services. A law providing many of these protections is called the Servicemembers Civil Relief Act (SCRA). This law helps protect members of the military and their families from financial and legal harm because of military service.