Get a No Credit Military Loan if the Budget Cuts Get Worse

Just before the Sequester, the Truman was scheduled to depart Norfolk for the Persian Gulf. The Pentagon canceled the trip just days before the ship set sail. Officials claimed that sending the carrier on a six-month cruise would empty their accounts.

President Obama explained, “The threat of these cuts has forced the Navy to cancel the deployment. Only Congress has the power to pass a law that stops these damaging cuts and replaces them with more sensible alternatives.”

It’s a powerful argument, and a frightening one, to claim financial woes as the reason to avoid solidifying a military presence in a very unstable area. Apparently, this is serious. Some officials and analysts claim that the DOD could have found the money somewhere in the coffers, but most admit that it would have cost the Navy in other areas. One must wonder if payroll would ever be one of them.

To cancel an entire deployment for financial reasons is a pretty good indication that money is running slim, and it’s entirely possible that furloughs are coming. That will leave soldiers, sailors, airmen, and Marines not fully paid for the first time in recent memory. So what will they do when it happens?

Luckily, the private sector takes care of the military community when the government falls short. Active, reserved, and retired military are all qualified for no credit military loans through a number of private financial institutions around the country. These loans are a perfect solution for problems caused by factors beyond the control of the average serviceman. There’s no down payment required, and there’s no interest for the first 90 days. This way, is the money gets cutoff, it’s fully possible to borrow up to $10K to take care of the bills until the money flow is restored. Bad credit? If you’re military, it’s no problem.

No one is sure what’s going to happen with the budget, but as stated, cancelling whole deployments can’t be a good thing. Start researching what all you can do with a no credit military loan ASAP so you’ll be ready to use it when you need to.

Obama quote courtesy of Tribune’s David Cloud 2/27/12SS Harry Truman

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