If a soldier is paying a usurious rate on a payday loan in some states they can legally be triple digits -- federal law mandates the creditor drop the rate to 6% during a soldier's period of active enrollment.
Dick Power, a CFP and head of the FPA's military pro bono program in Massachusetts, offered specific tips like that and several others on helping active-duty soldiers as well as veterans at the spring conference of the New York chapter of the FPA.
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