So right now me and my spouse have 2 loans that we are paying off but feel like the interest is way too high on them. One is a credit card through navy federal with $9,000 owed and 18% apr interest and another is a general loan that we had to take out to move overseas that’s $10,000 with 13% apr. We were wondering about the SCRA but it only covers debt accrued before active duty. However, some banks do apply this to current accrued debt. My question is does anybody have experience switching their credit card debt to a different bank using SCRA to lower the interest rate on it? Any advice is welcome.
Submitted November 25, 2018 at 04:11AM by dillion1992 https://ift.tt/2TJmCGi
