On the Prowl ; Military Personnel Often Become Easy Mark for Predatory Lenders

Summary


As millions of military men and women face physical dangers overseas, many of those same soldiers face another obstacle at home: financial solvency.

For young service members, learning how to responsibly manage income and making ends meet can be huge challenges.

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On the Prowl ; Military Personnel Often Become Easy Mark for Predatory Lenders

Unfortunately, some military officials say, the search for quick cash has many service members turning to payday lending, car title loans and other short-term lenders with sky-high interest rates and monumental fees.

Diane Sarber, Fort Gordon's chief of financial, relocation and community services, said that many service members lack financial savvy because of their youth.

"Soldiers have ... the learn...

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