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CashFunded : It can be hard to manage your money. Bills come in every month and with today’s economy, it can get hard to make ends meet. If you are having trouble paying your bills, and you happen to be a member of the military, you can use a military payday loan to help and pay your bills.
A military payday loan is different than your typical loan because of a few things. One, it is usually easy to get. Army personal can actually get approved for their loan once they have worked three months in the armed forces. This means that anytime they need an advance on their check, they are already approved, and get their loan quickly and painlessly.
There are also typically smaller interest rates placed on a military payday loan. It is still important for you to shop around, because rates will vary from different lenders, but in general they will be cheaper than your typical payday loan. You may also be able to find a financial advisor on your base, or you can set up your account near your home town.
Banks and lenders know how valuable our armed forces are. Also, they know how hard it can be to manage your finances when you are away from home for months at a time. You do not have to worry about taking care of your family financially with the availability of these loans.
There is also a very lenient pay back time with these loans. You will not be able to take out more money until your first loan is paid back. Typically, personal will pay the loan back once they get their full paycheck.