Does the VA have a debt consolidation program?

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For Veterans, Active Military, and Families

Apply for a debt consolidation loan at VA Financial and you could receive up to $40,000 to repay high interest credit card debt or overdue long term loans. This personal loan combines all your debt into one easy to pay monthly payment, often with a lower interest rate.

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Simply so, can I borrow money against my VA disability?

A disabled veteran loan provides veterans who were discharged under honorable conditions with cash for anything, whether it is to upgrade to a handicap accessible vehicle, or to repay old high-interest loans through consolidating the debt. Borrowers can even use a single loan for multiple purposes.

Additionally, can the military help me get out of debt? Here are five programs designed to help active duty military and veterans with debt relief: Servicemembers Civil Relief Act – Regulates interest rates for credit cards, auto loans and other financial services for active duty military. … Veteran’s Housing Benefit Program – offers loans to veterans at very low rates.

Also to know is, does USAA consolidate debt?

Does USAA Bank have a debt consolidation loan? No. But our personal loans can give you an alternative to help you manage debt. You can take a personal loan to pay off various bills and possibly save on interest charges.

Does Va help with debt?

Having a VA Loan qualifies you for a Military Debt Consolidation Loan (MDCL), also known as a VA Consolidation Loan that can help you overcome financial difficulties. … The VA is a guarantor for refinancing your loan, but the new loan value can’t exceed the appraised value of your home.

2 Related Question Answers Found

How do I find my VA debt balance?

Check the status of debt related to VA disability compensation, non-service-connected pension, or education benefits.

  1. Call us at 800-827-0648 (or 1-612-713-6415 from overseas). …
  2. Contact us online through Ask VA.
  3. Contact us by mail at:

Is Freedom Debt Relief a legit company?

Freedom Debt Relief is an accredited debt settlement company based in Arizona that offers consumers a way to eliminate their debt by reducing what they owe. The business has served more than 650,000 consumers and resolved more than $10 billion in debt since 2002.

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