Ask your recruiter for your orders to basic, once those orders are cut and official you can feed them to your creditors (car loan owner, credit cards, banks, whomever you're paying interest too) and they are legally REQUIRED to lower your interest rates under SCRA. If they do not then you can get your legal team involved during basic. Usually this process is all automated now if you have orders, or is a short 5-10 minute phone call.
The savings in interest could make it worth keeping the car. Honestly though probably just sell and keep expenses low while you're getting laid through basic and first duty station.
Take the advice above and start contributing to your TSP (Thrift Savings Plan) as much as you can afford. Roth and traditional options are available and it's a great plan for all service members.
DANKROM_33 t1_j6n00tw wrote
Reply to comment by octotron3000 in I have a financed car and less than 30 days before navy basic training. by octotron3000
Ask your recruiter for your orders to basic, once those orders are cut and official you can feed them to your creditors (car loan owner, credit cards, banks, whomever you're paying interest too) and they are legally REQUIRED to lower your interest rates under SCRA. If they do not then you can get your legal team involved during basic. Usually this process is all automated now if you have orders, or is a short 5-10 minute phone call.
The savings in interest could make it worth keeping the car. Honestly though probably just sell and keep expenses low while you're getting laid through basic and first duty station.
Take the advice above and start contributing to your TSP (Thrift Savings Plan) as much as you can afford. Roth and traditional options are available and it's a great plan for all service members.