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Military personnel land lower loan rates

from The Washington Examiner

If you are in the armed services, you may qualify for special protection that caps the interest rate on credit cards, mortgages and other loans at six percent while you are on active duty. To be eligible for the interest limits provided under the Servicemembers Civil Relief Act, you must have incurred the debts before you went on active duty, and your military service must affect your ability to repay them. more


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