Sunday, September 18, 2005

Are You A Mobilized Reservist?

If you're a reserve component service member called to active duty, you're protected by a law that can save you some legal problems and possibly some money as well. Under the provisions of the Soldiers' and Sailors' Civil Relief Act of 1940, you may qualify for any or all of the following:

• Reduced interest rate on mortgage payments.
• Reduced interest rate on credit card debt.
• Protection from eviction if your rent is $1,200 or less.
• Delay of all civil court actions, such as bankruptcy, foreclosure or divorce proceedings."

Therefore, if you are mobilized or are about to be mobilized, contact your creditors and or landlord and inform them of your deployment in order to save some money... For more information contact anthony.winters@us.army.mil