Military Loans News Home Pioneer Services 'Help Loan' a Responsible Alternative to Payday Loans KANSAS CITY, Mo., Aug. 11, 2005 /PRNewswire/ -- 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. "The Help Loan was created to give service members an alternative to payday loans that is fiscally sound, affordable, and can't be rolled over," said Pat McCarty, Executive Vice President for Military Relations. "It's a terrific way for military families to obtain emergency funds without getting caught in a never-ending cycle of debt, something that happens frequently with payday loans, check cashing services and title loans." The Help Loan has been available for two years and is one of the many Pioneer Services available to help service members meet their cash needs and keep their focus on their jobs rather than worrying about financial issues. Recent studies have also suggested that predatory and questionable lending practices target the military community, putting service members in financial harm's way. One such study, Predatory Lending and the Military: The Law and Geography of "Payday" Loans in Military Towns, conducted by a pair of university professors, claims there is "irrefutable geographic evidence" that payday lenders actively and aggressively target military personnel. "Because predatory lending practices have become a huge issue for military families, we are proactively marketing the Help Loan as a better alternative," said McCarty. PIONEER SERVICES is a brand name and registered service mark of Pioneer Licensing Services, Inc., where its use is duly licensed to affiliates and partners of Pioneer Licensing Services, Inc.

Information about Military Loans for U.S. Military Personnel

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. 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.

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

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