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Archives - August 2005
(Current month) |
 Proposed ordinance targets payday lending
August 31, 2005
"JACKSONVILLE -- A proposed city ordinance would cap interest
charged for so-called payday loans to military personnel at an
annual rate of 36 percent. The ordinance, introduced Aug. 23 by Jacksonville City Council
President Kevin Hyde, includes the cap and other requirements
in an effort to protect low-ranking service members and other
groups considered susceptible to offers of high-interest
credit." |
Loans
to be left alone
August 23, 2005
"There are approximately 22,000 storefront payday lenders in
the United States, according to estimates by the Consumer
Federation of America. They generate about $40 billion a year
in loans – and $6 billion in finance charges. Total sales
volume grew from $10 billion in 2000 to $40 billion in 2003,
according to the center.
It's a
highly profitable industry, which has led to shops springing
up all over the country, including roughly two dozen locations
in Allen County. Many of them are located in strip malls and
shopping plazas. Reuss says they're more common in
lower-income neighborhoods and near military bases." |
Pioneer Financial Services Honored by the
Department of Defense
August 17, 2005
"Mr. David Janes, National Chairman for the National Committee
for Employer Support of the Guard and Reserve (ESGR), a
Department of Defense agency, today congratulated Pioneer
Financial Services as a 2005 Secretary of Defense Employer
Support Freedom Award recipient." |
Pioneer Services 'Help Loan' a Responsible
Alternative to Payday Loans
August 13, 2005
"In order to offer an alternative to payday loans, Pioneer
Services created the "Help Loan" in 2003. This
short-term installment loan is a one-time loan of $500 with
only $25.24 in interest and fees, payable in four monthly
installments with a 30-day grace period until the first
payment. It offers a disciplined and financially responsible
way for service members to get money for unforeseen expenses
and comes with the standard Pioneer Services 15 day no-cost
satisfaction guarantee." |
Attorney General Announces Zero Percent
Loans For Military
August 10, 2005
"Crist announced that the Navy/Marine Corps Relief
Society is providing zero percent interest loans to assist
servicemen and women in their efforts to get out of debt. Zero
percent loans will be available for those seeking to repay
high interest payday loans, as well as assisting those with
emergency financial needs." |
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Oregonians
offer mixed reviews of long process that was short on
compromise
August 7, 2005
"Some critics talked about other issues the Legislature left
untended. Although he is a Republican and a conservative,
Schavland said the Legislature should have acted to put modest
limits on payday loans. "We can call ourselves the loan-shark
state," he said." |
House Bill Protects Military Families, Targets Scam Artists
August 2, 2005
"A member of the House Commerce Committee says the families of
military personnel serving overseas would no longer fall
victim to financial scam artists, thanks to a bill
overwhelmingly passed by the House of Representatives. The
bill, called the Military Personnel Financial Services
Protection Act (H.R. 458), passed the House by a whopping
405-2 vote. The measure is designed to "prevent the sale of
abusive insurance and investment products to military
personnel," says the bill, which was sponsored by Republican
Congressman Geoff Davis of Kentucky. The bill is now before
the Committee on Banking, Housing, and Urban Affairs in the
U.S. Senate." |
Wells Fargo's Kovacevich Says Bank
Doesn't Overcharge the Poor
August 2, 2005
"Wells Fargo has extended credit to
payday lenders like Armed Forces Loans Inc. in Las Vegas and
Advance America Cash Advance Centers Inc. in Spartanburg,
South Carolina, the No. 1 U.S. payday lender, according to SEC
records and Uniform Commercial Code filings." |
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Information about Military Loans for U.S. Military Personnel |
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Military loans can be a blessing, or a curse, for U.S. Military
personnel in need of quick money for emergencies, travel, etc.
Here at MilitarySpot we know many military people who have
benefited from the assistance of military loans, but we also
know more than a few who have been ripped off. Unfortunately,
there are many lenders out there who are charging military
personnel exorbitant interest and fees for loans. Many of these
lenders are located just outside military bases, and some prey
on military servicemembers on the Internet. As "former military"
ourselves, we want to be fair about what we recommend to
military people on the issue of military loans. First, we
suggest that you visit your military base assistance office (the
office that helps military families, spouses, etc.). A
no-interest or low-interest loan may be available. Second, we
suggest that you check out
Pioneer Military
Loans. We recommend Pioneer Military Loans when loans are
not available to you through your base or other military support
organization. Pioneer charges fair
rates and has good standing within the military community.
Above, for your reference, is a news log of articles concerning
loans for military people. Also see:
Pioneer Help Loan |
 PIONEER MILITARY LENDING - PERSONAL LOANS UP TO
$10,000
MilitarySpot.com recommends Pioneer Military Loans for
your personal loan needs. Pioneer Military Lending is committed to
serving the active-duty and career-retired men and women of our armed
forces. Our secure and private online loan service is designed to
provide you with the convenience and accessibility you need. We offer
competitive interest rates and loan products for all ranks, and our
online application is available 24 hours a day, seven days a week. All
of our loan products are backed by our Four-Star Guarantee. If you're
not 100% completely satisfied with your service, you can cancel your
loan within 15 days at NO cost to you.
Click Here |
DESCRIPTION: Loans for
military personnel
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