There’s no doubt – America is at war and in the midst of a national debate as to why. Most people don’t question the universal support and appreciation of our troops who fight for our freedom. Did you know that while our soldiers are fighting for our freedom, many of them are drowning in financial debt?

Cash advance and payday lending stores have risen to epidemic proportions in heavily populated military areas. Many military personnel cannot be deployed due to the financial stress they face here which could distract their focus during critical combat situations.

There is help! Congress passed a law capping the amount of interest military personnel can be charged for a payday loan. Also the Servicemembers Civil Relief Act of 2003 provides a cap of 6% on all debts (credit cards, mortgages, car loans, etc.), provides eviction protection for dependents, and delays civil litigation.

Bottom Line: Tying a yellow ribbon around a tree or attaching a magnetic one to the back of your car is great. If you really want to help, ask the military man or woman you know if their family is aware of the provisions that have been made to give them the best possible opportunity to defend our freedoms without having to risk their financial freedom.