How to find the best debt help for veterans

August 24, 2021 at 7:00 AM
How to find the best debt help for veterans

There are a lot of things that you learn in the military that can help you with life after. Whether it’s a specific skill that makes you more marketable to employers, makes it so you can start your own business, or a generally strong work ethic, you can often find a way to be successful. However, one thing that you might not have learned is how to manage your finances. While this has become much of the norm in today’s world, it often leads to heavy debts that can be difficult to manage. The federal government understands that adjusting to everyday life as a civilian can be difficult, so it’s provided a variety of programs that offer debt help for veterans. At DebtHelp, Inc, we can help veterans who need to find ways to manage their debt.

Servicemembers Civil Relief Act

As a veteran, you qualify for the Servicemembers Civil Relief Act that was enacted in 2003. This helps to cover you in the event that you need assistance with a rental agreement, security deposit, mortgage foreclosure, auto lease, income tax payment, and many other areas where you might need financial help. You can get a cap on interest rates, protected from default judgments, foreclosures, repossessions, and lease terminations while you find a way to manage your debt.

Veterans Housing Benefit Program

If you’re a veteran or their surviving spouse, you can receive assistance with buying a home or refinancing your mortgage. The Veterans Housing Benefit Program is a part of VA housing assistance and is specially designed to help those who need to buy a home or refinance the mortgage on their current home. Furthermore, if your home requires remodeling, you can receive financing to do so. This program is designed to help veterans and their families keep a roof over their heads because times can get tough. You can work with our team to fill out the necessary paperwork to apply for such programs and reap the benefits of your service.

Nonprofit credit counseling

Credit counseling is often associated with filing for bankruptcy. Although, you can work with the VA to get free credit counseling for financial advice and legal counseling. By working with these resources, you can learn the tools that you need to manage your finances and get out of debt. It will also present you with your options during a time of unemployment or even homelessness.

Debt consolidation

If you have a variety of debts that have become a major burden, debt consolidation might be the right way to go. Military Debt Consolidation Loans are available for those who qualify and decide this is the most effective method for them to manage their debt. Speak with a member of our team before applying for a loan because we can provide you with additional advice that will consider your unique situation.

Get in touch with our experts

If you’re looking for debt help for veterans, please reach out to our team at DebtHelp, Inc. We’re experts in managing debt and we’ll assist you in finding appropriate programs that you’re eligible for. While this might not erase your debt, it’ll be a great way to ensure that your debt is much more manageable without the harsh repercussions that come with missed payments. Give us a call today at 888-254-4516 or send a message via our contact form. We look forward to working with you.