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Are unpaid debts a career-killer that is military?

Are unpaid debts a career-killer that is military?

Army workers who possess difficulty managing their individual funds can quickly find their responsibility status, possible promotions as well as armed forces jobs at risk. And, in the long run, the lingering burden of financial obligation can add on anxiety with their individual relationships and harm their credit profile. But does that financial obligation need to be a career-killer?

Servicemembers, veterans and armed forces families have submitted significantly more than 11,000 commercial collection agency complaints towards the CFPB in July 2013 – our fastest-growing category of complaints since we began accepting them. On top of other things, we’ve received reports that some collectors are threatening servicemembers by claiming if they don’t pay up that they will report the unpaid debt to their commanding officer, have the servicemember busted in rank or even have their security clearance revoked. Read More

Are unpaid debts a career-killer that is military? Army workers who possess difficulty managing their individual funds can quickly find their responsibility status, possible promotions as well as armed forces jobs at risk. And, in the long run, the lingering burden of financial obligation can add on anxiety with their individual relationships and harm their […]

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