Tag Archives: military bereavement
Military Bereavement Loans – Dealing with Loss
There are times in life when the unexpected happens and you are unprepared. Finding the money that you need to get through during these times may not be easy. For those in the military there are some additional options. Military bereavement loans are a good option when you need some help during your time of need. These loans are designed specifically for those in the military and can help you get through the tough times. They may be available in rates that are competitive and they could help you to save you credit during these times.
Sadly there are times when families have to deal with a death in their family. The military bereavement loans are offered to military personnel or the family of military personnel when they need help making ends meet upon experiencing a death in the family. The loans are provided up to $1,000 and they are free of interest for a 90 day time period. If the borrower needs longer than 90 days to repay the loan they can have more time and will only pay an APR that is competitive to other loans on the market.
The military bereavement loans are offered to any military personnel or their family members who are active-duty members whether they are members of the Army, Air Force, Coast Guard or Navy. The funds have no specific requirements as to how they are used. They can be used for anything that the borrower feels is necessary. Many of them use the funds for expenses that are related to funeral expenses or even for the travel required to visit the family or attend a funeral that is not nearby. The borrower does not have to explain what the funds are being used for in order to obtain one of the loans.
Some of the advantages of these military bereavement loans are that they are available quickly and they are repayable without having to pay interest on the loan. Another advantage is that they are not repayable for three months making it easier to pay them back before interest starts to accrue. Qualifying for the loans is not difficult making it less stressful given your already stressful situation. Making sure that you are able to pay for what you need during the difficult times will make it a little easier to focus on grieving and being with your loved ones through the process.
Military Bereavement Loans – In a Time of Need, Help is Available
It’s almost impossible to imagine the devastation a soldier must feel when the loss of a loved one. For many military personnel, they, and even their families, know that in times of deployment to war torn countries, their lives are at risk every single day. To feel that nothing could be more on the edge and then hear that a family member, who was left safe and sound back home, has passed away, can present a wide range of emotional distress to an active duty serviceman or woman. That’s why military bereavement loans can be so important to access in a time of need.
For most military families, especially those of lower ranks, paying for the cost of travel and funeral expenses can quickly become overwhelming and that’s why bereavement loans, in the amounts of $500 to $1,000 can be such a help when needed most. Accessing a loan through a financial lending institution that caters to military service personnel and their families usually involves no more than 24 hours between the processing of the loan and the actual release of funds to the borrower. This quick service allows the soldier and their grieving family members the chance to focus on the things that matter most.
Taking a loan from a lender who specializes in helping service members of all ranks and all branches of the military means the service person is dealing with a company who understands the special needs military families may have. Military bereavement loans are given with a repayment schedule that features a 90 day interest-free period or longer terms with a competitive annual percentage rate, whichever works best for the service person. Army, Navy, Air Force, Marine, and Coast Guard active-duty service personnel are all qualified for this type of loan and may use the loan however they see fit, for travel expenditures to get home or as an added means to cover funeral costs.
There are very people across the entire country of the United States who would ever want to see an active duty military person have to miss the process of saying goodbye to a family member who has passed away. A military bereavement loan is sometimes the only thing that enables the service person to make it back home. If you or someone you are close to is an active duty military person and you need extra money to see you through the burial of a loved one, look for an intuition who puts their focus solely on military families, and get help promptly.