Not exact matches
But there is no denying that getting military
loans with bad credit is far more affordable
than getting
civilian loans with bad credit.
As a veteran of any branch of the U.S. Armed forces, there are a number of veteran - specific car
loans and car
loan companies that you can work with to get lower rates
than civilians.
The reason is that members of the military are a different type of applicant
than civilians, and lenders who specialize in
loans to the military are more likely to approving applications despite poor ratings.
And because the perceived level of risk is so much smaller, the interest rate that is charged on military
loans is much lower
than on
civilian loans.
The advantage of a Military Debt Consolidation
Loan (MDCL) is that you typically pay a lower interest rate and closing costs
than civilians and far less interest
than you would trying to pay the same bills with credit cards.
Fortunately, being in the military offers more
loan repayment options
than civilian classmates, especially for those who enlist in the service after completing college.