To my FedTech, AGR Friends and retirees who bank with USAA. Should things get worse, USAA will offer 0% payday loans. Potential Payroll Advance Loan In the event of a debt ceiling impasse that threatens military pay, USAA Bank is prepared to offer a zero-interest, 0% APR payroll advance loan to members of the active-duty military, including the National Guard and Reserves, plus military retirees and VA and Social Security recipients who have existing direct deposit of government payments at USAA Bank. The loan would be approximately equal to your expected direct deposit, or half of your expected direct deposit if you are paid monthly. Other Options: USAA has several solutions to help members who receive a government paycheck and find themselves in financial distress because of federal budget issues. These temporary arrangements include: * Special payment arrangements, which could include payment deferral, on some bank products. * Refunds of certain fees for credit cards and other USAA Bank products. * Early withdrawal of funds from certificates of deposit without penalties. * Billing arrangements for insurance products. Members whose finances are affected by federal budget issues should call USAA at 1-800-531-8722. https://usaa/inet/ent_blogs/Blogs?action=blogpost&blogkey=newsroom&postkey=usaa_offers_loan_to_military&wa_ref=govtbudshutdown0913_banner_learnmore
Posted on: Thu, 03 Oct 2013 19:41:42 +0000
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