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Relief Law Helps Soldiers Cancel Lease Agreements, Lower Loan Interest Rates

Posted on Apr 13, 2020 07:54 pm

The current stop-movement order has forced many service members to hold multiple lease contracts, causing significant financial stress on military families. Using the Service Member Civil Relief Act (SCRA), soldiers can terminate a lease agreement with a PCS move or deployment lasting more than 90 days.

Melissa Halsey of the Office of the Judge Advocate General says the first recourse should be to work out a solution with the landlord. “They should then ask the landlord to end their lease voluntarily,” said Halsey.

Halsey said that under SCRA soldiers also qualify for a 6 percent interest rate reduction for all pre-service financial obligations. This includes automobile loans, credit card debt, student loans and other forms of credit.

Photo by Airman 1st Class Alexandria Crawford

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Post courtesy of the Association of Defense Communities

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