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I’m within the armed forces, are there limits on how much I’m able to be charged for a financial loan like home financing, education loan, car loan, or bank card stability?

I’m within the armed forces, are there limits on how much I’m able to be charged for a financial loan like home financing, education loan, car loan, or bank card stability?

Yes, you can be charged for certain loans or other obligations you took out prior to entry into active duty military service to 6 percent if you are in military service, the Servicemembers Civil Relief Act (SCRA) limits the amount of interest. Continue reading “I’m within the armed forces, are there limits on how much I’m able to be charged for a financial loan like home financing, education loan, car loan, or bank card stability?”