Consolidating debt for military

Consolidating debt for military

If you want them to be able to change your allotments, you need to set up Power of Attorney for them.

You can set up six of these discretionary allotments.

These are the main things you should finish beforehand to make sure your finances are secure while you’re away: If you’re going to consolidate your debts, then you definitely don’t want to do it while you’re already deployed.

Trying to complete that process while you’re overseas can get very complicated.

Veterans looking to consolidate their debt have a unique option called a Military Debt Consolidation Loan (MDCL).

An MDCL is sometimes referred to as a VA debt consolidation loan.

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