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SCRA question concerning credit card debt???

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3 replies to this topic

#1 cjhill059

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Posted 09 April 2017 - 10:43 AM

So, before entering the military I defaulted on a student loan, my dad then used his bank of america credit card for an settlement offer. I've been paying the credit card for the past 5 years, so my question is can my dad authorize me as a user or whatever and then can I apply for SCRA? Also my dad was active duty military at the time. 



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Posted 09 April 2017 - 03:37 PM

your Dad should have had the interest rate reduced to 6%  if he was active duty 


Zero percent interest for service in an area of hostile fire 
and he could have had them deferred   

For federal student loans, you can defer payment during certain periods of military service



#3 cjhill059

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Posted 10 April 2017 - 09:34 AM

Thx for the info I thought the scra was only available for debt prior to entering military in regards to it being my dads acct



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Posted 10 April 2017 - 08:03 PM

but it was your debt, not his? 

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