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I’m in the military, are there limits on how much I can be charged for a loan like a mortgage, student loan, auto loan, or credit card balance?

  • Listed: August 12, 2022 2:42 pm
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I’m in the military, are there limits on how much I can be charged for a loan like a mortgage, student loan, auto loan, or credit card balance?

Yes, if you are in military service, the Servicemembers Civil Relief Act (SCRA) limits the amount of interest you can be charged for certain loans or other obligations you took out prior to entry into active duty military service to 6 percent.

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Listing ID: 62262f666adb2fbc

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