December 1, 2006, Newsletter Issue #40: Debt and Your Military Career

Tip of the Week

Having debt is not an obstacle to joining the U.S. armed forces. In fact, having steady and dependable military pay can help you climb out of a bad debt situation. One thing new troops should remember is that there are consequences in your military career for not paying your debts on time, bouncing checks and other forms of what those in the U.S. military call 'financial irresponsibility'.

If you find yourself in need of help, there are counseling centers available on most military bases. You'll get help organizing your finances, and best of all, it's all free. Your Family Support or Family Service Center offers classes and seminars on how to repair bad credit, establishing payment schedules that work and many other resources. If you're struggling with your finances, a quick phone call to the FSC could change your financial life.

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