Program to offer quick, interest-free loans to sailors, Marines in need

[unhappycamper]

Program to offer quick, interest-free loans to sailors, Marines in need
By Sandra Jontz, Stars and Stripes
European edition, Sunday, January 20, 2008

NAPLES, Italy — Are car-repair expenses eating away at your cash for food? Medical expenses getting out of hand?

Would a quick and easy loan help?

On Wednesday, the Navy-Marine Corps Relief Society will launch a program to give active-duty sailors and Marines a quick, few-questions-asked, interest-free loan.

The program’s goals are not only to assist those in financial need but also to keep them from turning to predatory lenders, according to Margaret Copson, director of the military relief office at Naval Support Activity Naples.

Up to $300 will be available through a Quick Assist Loan for expenses for such things as housing, food, clothing, vehicle or utilities, and medical, dental or family emergencies, she said.


Rest of article at: http://www.stripes.com/article.asp?section=104&article=51777



uhc comment: Previous thread on the $300 loan --> http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=259&topic_id=9434

[thunder rising]

1. It's about time the Society of the Military took care of their own.

However, I will note that financial responsibility is one of the factors for success.