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.
Welcome to CreditBoards!
Welcome to CreditBoards! Like most online communities, you must register to post in our community, but don't worry - this is a simple process requiring minimal information for you to sign up. Be a part of CreditBoards by signing in or creating an account.
- Start new topics and reply to others
- Subscribe to topics to get email updates
- Get your own profile page and make new friends
- Send personal messages to other members.
Guest Message by DevFuse
SCRA question concerning credit card debt???
Started by
cjhill059
, Apr 09 2017 10:43 AM
3 replies to this topic
#1
Posted 09 April 2017 - 10:43 AM
#2
ICANHASMUNY?
- Forum Leads
-
- 23,629 posts
Forum Leads - State Laws
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
https://s3.amazonaws...-loan-guide.pdf
#3
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
#4
ICANHASMUNY?
- Forum Leads
-
- 23,629 posts
Forum Leads - State Laws
Posted 10 April 2017 - 08:03 PM
but it was your debt, not his?
0 user(s) are browsing this forum
0 members, 0 guests, 0 anonymous users
