A cap on interest rates
If you obtained your U.S. Bank mortgage, loan, line of credit, or credit card prior to being called to active duty, SCRA allows a cap of 6% on the interest rate and a waiver of all fees while you are on active military service. Contact the Military Service Center to request this benefit.
Auto lease termination
If you are called to active duty, or deployed, or received Permanent Change of Station orders, SCRA may enable you to terminate an auto lease without penalties. Contact the Military Service Center to request this benefit.
Help with foreclosures
If you are a member of the military serving on active duty and are having difficulty paying your mortgage, SCRA may protect you from foreclosure. If the financial difficulty is the result of a Permanent Change of Station orders, there may be alternatives to foreclosure. Contact the Mortgage Default Counseling team at 800-365-7900 for assistance and be sure to explain how military service has affected your ability to pay your mortgage.
The Military Service Center is available to assist you with any of your financial needs including questions about SCRA and requesting SCRA benefits.