On Call Cash - Military Payday Loans

Military Payday Loans - About Face!

Military payday loans fall into the category of commercial abuse - plain and simple. Lenders abuse their privileges in the search for more and easier money, soldiers are taking out payday loans by the hundreds of thousands because they believe it is their only - or best - financial solution in the face of missed or late payments. Everyone is responsible for the over-indulgence of military lending, and On Call Cash has some ideas about improving the military payday advance picture.

Military payday loans are ugly

The numbers reflecting military payday loans are some of the ugliest in the financial industries:

its been estimated that nearly 10% of all active-duty personnel seek out financial counseling due to an overuse of payday advance loans.
In certain states, the concentration of payday advance stores within a few miles of military outposts is 100% higher than in other areas including urban zones.
Companies offering military payday loans claim to be sponsored by the military or federal government, or work very hard to install this image. they employ ex-military personnel, they use names very similar to their targeted military branch, and they set out specifically to target the hard working, young, financially inexperienced soldier who just so happens to have one of the most desirable paychecks in the world - that of the U.S. Government.
And soldiers know this - they know the lies and the risk - and they know what will happen when they fall into debt after taking out payday loans online. Not just financially, but within the military as well, and punishment of financial abuse includes court martial, confinement, transfers, or discharge.

Yet soldiers keep using online payday loans and in-store services by the truckload. Maybe they just don't know any better, or maybe - more likely - they don't have any other fast financial solutions to their problems. Payday advances are the quick fix to any financial bind, and young soldiers just aren't prepared to face the emergencies any other way.

Improving the military payday loans picture

So what can be done? The lenders are determined to keep lending to military personnel, and the soldiers won't stop needing that much needed assistance. The government won't do anything because the government is profiting off the soldiers debts - so whats up, On Call Cash? What's our great idea to combat military payday loans? Well, we don't have any. Military payday loans are a double-edged sword - one side kills off your financial emergency while the other side kills your financial health with greater debts. the best thing a young, financially strapped soldier can do is use their survival training and get down to work. Stop superfluous spending, don't make rash, spontaneous financial investments you cannot afford on your own. If you have bad credit don't settle for bad credit payday loans simply because they are the only assistance you can find - you have bad credit for a reason and payday advances will almost always compound that reason. Our good advice is just be very careful, and use military loans as a last resort in your time of need.

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