Law regarding loans during deployment

[Honey1955]

What is the name of your state? WA
I am looking for the law that discusses that while a soldier is deployed to a combat zone they can't be changed late charges for loans.
Thanks

 

[Debt Guy]

The Soldier's and Sailor's Civil Relief Act

I don't recall anything about late charges but there are ways to get the interest rate reduced.

try this link

http://usmilitary.about.com/cs/sscra/a/scra1.htm

 

[Veronica1228]

I don't know anything about this issue either, but Badapple over in the Military Law Forum might. You could try moving your thread there. I believe you can click on "Thread Tools" above to do that.

 

[crusheroz]

I used the Soldiers and Sailors Relief Act when my hubby left back in September. What you will need to do is contact all of your creditors, find out where to send a copy of his deployment orders too. I had a couple of creditors drop our interest rate to 4% and 0% and yes some did state in the letters they mailed out to me that they would waive any late fees. But of course that depends on the creditor. Good luck and I hope this helps.

 

[Honey1955]

Thank you all for your help.