Although the life of those serving in the US military is difficult, experts say that this can often be eclipsed by the struggle that military spouses undergo when a military member deploys - with finances in the center of the struggle.
The number one issue deployed service members worry about is how they’ll communicate during the deployment about finances, child care, family decisions, etc. To help ease those worries, the military provides free phone cards to deploying service members. In Grand Forks, as in many military communities, local businesses and citizens contribute additional phone cards to military families.
Many military installations also offer e-mail and video phones. “We have military family members who come in just to use the video phone to discuss a major purchase with their deployed spouse,” Beale says. “Communicating about finances during the deployment solves a lot of problems down the road.”
One military wife, whose spouse deployed for Operation Enduring Freedom, states that those phone calls are lifesavers. As part of an Army National Guard engineering battalion, her husband is too remote for e-mail. “The finance issue and the separation issue have just created overlapping stresses,” she says, “but being able to talk through some of it with him has really helped. Getting his military pay straightened out was the most frustrating thing.”
Deployed personnel serving in combat zones receive tax-free income. But the system is set up to withhold taxes as if it were ordinary pay, then refunds the withheld taxes a few weeks later. This waiting period can sometimes result in bounced checks, missed mortgage payments, and contribute to an accumulation of debt.
Fortunately, in these situations, full time military personnel can count on US Military Lending Corp. USMLC was started with one goal in mind – to help those like John who are serving our country but may need a little help to dig their way out of the “money pit.” Loan amounts range from $1,000 – $2,500 and the application process couldn’t be simpler. Funds can be sent within 24 hours of approval and credit score is not a deciding factor in loan approval or denial. For more information regarding thebad credit military loans available with USMLC, call 866-608-7652.
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