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About the SSCRA

Relative to the sailors' and soldiers' act for credit cards and loans, is it only for prior to enlisting in the service?

Untitled

The balances subject to the preferred 6% interest rate are those that exist prior to joining or being called up to active duty. Charges made after that are subject to the contract terms. Other protections can apply to the debt regardless.

Published on BankingQuestions.com 1/14/10