Is any debt that my spouse has eliglbe for relief under the soldiers and sailors act?
2007-04-21 01:29:20 · 6 answers · asked by jimboyd1 1 in Politics & Government ➔ Military
The Soldiers and Sailors Civil Relief Act does not pay off debts for you. The SSCRA says that the maximum interest on any debt a service member incurred BEFORE entering the military will be 6%, as long as (s)he's on active duty. You didn't say if you or your spouse are the SM in your question, so it will depend - the interest rate reduction only applies to the service member.
The reduction to 6% is not automatic; you have to ask for it in writing. And this rule doesn't apply to debts incurred while already serving.
The legal assistance section at JAG can provide more info or help you apply for the rate reduction.
2007-04-21 01:57:45 · answer #1 · answered by dougdell 4 · 1⤊ 0⤋
not really. all the act does is protect you while deployed from things like foreclosure and eviction as well as providing employment guraentees. it was put into place primarily to protect activated Guard and Reservists, not the average AD soldier.
it DOES NOT protect against debt earned once active, only on those debts in hand when you enlist or are activated. and all it doe sis provide ofr a reduction in interest to 6%.
2007-04-21 09:29:22 · answer #2 · answered by Mrsjvb 7 · 0⤊ 0⤋
Is your spouse a deployed soldier or sailor?
2007-04-21 01:33:29 · answer #3 · answered by FOA 6 · 0⤊ 0⤋
the soldiers and sailors act only applies to the military member while deployed overseas.
2007-04-21 03:30:28 · answer #4 · answered by HB 6 · 0⤊ 0⤋
this lowering of expenditures of interest is in most cases for protect and Reservists who're stated as up and face a lack of income from their civilian finished time jobs. Upon initial get proper of entry to into the protection stress, it may be carried out even if it in straightforward words applies to debt you've on the time of get proper of entry to. something on condition that then would not be eligible. After 2 years i imagine you've got a difficult time getting all and sundry to diminish your interest on even with is left of any debt you had 2 years in the past.
2016-12-04 09:57:12 · answer #5 · answered by genna 3 · 0⤊ 0⤋
NO. It is only debt in your name that you have day one of boot camp. That's why it's not called the Spouses Act. AND any debt you add after day one of boot camp is not eligible.
2007-04-21 04:58:32 · answer #6 · answered by Anonymous · 0⤊ 0⤋