The SCRA Interest Rate – Know When and How to Calculate It!

The SCRA Interest Rate – Know When and How to Calculate It!

The SCRA or Servicemembers Civil Relief Act is a federal law that first and foremost protects military personnel who are on active duty military service from persecution in legal or financial matters while they are deployed. This benefit unique to servicemembers also offers an interest rate of 6%, with a recent interest rate reduction of…

Why Do I Need a Military Affidavit?

Why Do I Need a Military Affidavit?

A military service certificate, known by many other names such as nonmilitary affidavit or active duty verification, is essential to military members despite their active or inactive status. It also protects any active service member from being pursued legally while serving their country. You may need a military affidavit for a number of reasons. A…

How to Check if a person is a Soldier or covered under the Servicemembers Civil Relief Act?

How to Check if a person is a Soldier or covered under the Servicemembers Civil Relief Act?

As a freelancer, consultant, or independent contractor, you may have worked with clients who are active duty service members. And while that you may think you hit the client jackpot (a military client means a guaranteed, reliable income stream and a reliable person), you should take a step back and make sure that your potential…

What is a Servicemembers Civil Relief Act Affidavit issued by the SCRA Centralized Verification Service?

What is a Servicemembers Civil Relief Act Affidavit issued by the SCRA Centralized Verification Service?

The Servicemembers Civil Relief Act The Servicemembers Civil Relief Act, also known as the SCRA, is a federal act that ensures financial and legal protections to servicemembers during active duty and military service. However, as the name implies, the SCRA also provides protections for reservists and those who have received their call-up orders but have…

Complying with SCRA Credit Card Regulations

Complying with SCRA Credit Card Regulations

Active duty members under military service in the United States government are well-protected by the Servicemembers civil relief act SCRA. Some protections extend after the servicemember has left active duty. Under the SCRA, servicemembers can receive financial relief and protections. If you are an active duty servicemember or the immediate family member of someone in…