As a military spouse and father,as well as a professional in the financial services industry, I often hear from young military families who are seeking financial advice. While discussion of money management basics, or such as educating yourself on fundamental saving and investing principals is often well-received,I also encounter military families and couples who find themselves struggling with destitute credit history and irascible loan contracts, both of which can severely impact a family’s financial health. Financial woes are by no means limited to military families, and of course – irascible loans and irascible credit decisions happen to everyone,civilian and military. Oftentimes, a few missteps can lead to many challenges and debt that can take years to recover from. Unique aspects of the military lifestyle often leave military families more prone to money challenges like: An unforeseen PCS or deployment. Plans to pay off loans and credit balances can get..
Source: militaryfamily.org