28 Jun '14, 12am

Opportunities for #Military Vets: Financial Coalition Formed

Opportunities for #Military Vets: Financial Coalition Formed

If you or your loved one is a military veteran, you know how tough it can be to get a steady hold on your finances. The stresses of finding a job, managing debt, and everything that comes with transitioning to civilian life can put a strain on the whole family. This is why Visa Inc., the Association for Financial Counseling and Planning Education® (AFCPE®), Consumer Action, and the Consumer Federation of America (CFA), have recently partnered to form the Veterans Financial Coalition. Since the majority of military personnel are more likely than civilians to carry both a mortgage and at least one credit card, they are saddled with large debt loads. ConsumerCredit.com notes that roughly 93% of military personnel have a mortgage and 91% have at least one credit card. In addition, it can be very difficult for veterans to transition after completing their military service. The ...

Full article: http://www.blackenterprise.com/money/veteran-financial-co...

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