6 percent interest rate for military
The SCRA says that any debt you have before joining the military, either credit card, auto loan, or mortgage will have the interest rate limited to 6% while you are 23 Oct 2017 The 6 percent interest rate cap applies to several types of loans or obligations, including: auto loans, mortgages, credit cards, other installment 17 Dec 2016 You are asking about one of those protections: The SCRA sets a firm 6 percent cap on credit card interest rates on debts accrued before military