You can find several debt relief programs designed for the veterans who’ve served in the US Armed Forces. If you’ve served the US military in areas like combat, intelligence, logistics or medicine, then you’re capable of enrolling in this debt relief program. There are many programs that are designed for the veterans and their family members who’ve overwhelming unsecured debt. These programs are designed for them to eliminate or reduce their financial stress effortlessly. Here are different debt relief options that are designed for the veterans to eliminate their financial woes.
Non profit organization: A non profit organization known as “Leave No Veteran Behind,” helps the veteran to eliminate his child’s student loan debt. This debt relief program is aimed at eliminating the educational loan of the veterans who served the US Armed Forces. Well, this organization actually works in collaboration with the Iraq and Afghanistan Veterans Association and the American Legion. The organization offers funds for student debt repayment to veterans. This non profit organization also works with the private businesses to help veterans to find jobs to pay off their debts. In return for the service provided by the “Leave No Veteran Behind” you need to serve the community for 100 hours.
Veterans Debt Relief Settlement Servicing Group: It is a for-profit debt relief as well as credit counseling servicing company. This group helps the military veterans to eliminate their debts. The organization prepares a debt repayment plan by setting up a bank account in the veteran’s name. The debt stricken veterans are required to make a monthly deposit in this account. Once adequate money is accumulated in the account, the debt arbitrators associated with the company negotiate for a financial settlement with the veteran’s creditors.
Direct VA loans: iFreedom Direct owns a private business known as Direct VA Loans. This organization works in collaboration with the Federal Government to provide consolidation loan backed by the United States Department of Veterans’ Affairs. This is popularly known as a VA Loans. Well, this loan is designed only for the veterans. The debt stricken military veterans can combine debts like credit card debts, second home loan as well as car loans into a single monthly payment. As a result, they can manage to lower their monthly payment to an affordable amount. Remember, the VA Loans are backed by the Federal government.
Therefore, these are three best debt relief programs designed for the veterans to eliminate their debts and help them to regain control over their financial situation. You can enjoy a stress free retired life after paying off the debt with the help of the above mentioned programs.