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Pioneer Military Loans
Information about Military Loans for U.S. Military Personnel
Military loans can be a blessing, or a curse, for U.S. Military personnel in need of quick money for emergencies, travel, etc. Here at MilitarySpot we know many military people who have benefited from the assistance of military loans, but we also know more than a few who have been ripped off. Unfortunately, there are many lenders out there who are charging military personnel exorbitant interest and fees for loans. Many of these lenders are located just outside military bases, and some prey on military service members on the Internet. As "former military" ourselves, we want to be fair about what we recommend to military people on the issue of military loans. First, we suggest that you visit your military base assistance office (the office that helps military families, spouses, etc.). A no-interest or low-interest loan may be available. Second, we suggest that you check out Pioneer Military Loans. We recommend Pioneer Military Loans when loans are not available to you through your base or other military support organization. Pioneer charges fair rates and has good standing within the military community. More Pioneer Military Loan Information...

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Military LoansPIONEER MILITARY LENDING - PERSONAL LOANS UP TO $10,000 recommends Pioneer Military Loans for your personal loan needs. Pioneer Military Lending is committed to serving the active-duty and career-retired men and women of our armed forces. Their secure and private online loan service is designed to provide you with the convenience and accessibility you need. They offer competitive interest rates and loan products for all ranks, and their online application is available 24 hours a day, seven days a week. All of their loan products are backed by Pioneer's Four-Star Guarantee. If you're not 100% completely satisfied with their service, you can cancel your loan within 15 days at NO cost to you. Click Here
Pioneer Military Loans
Military Loans in the News
Arizona: 'Payday lending' restrictions get initial House OK
April 24, 2007
"Arizonans who get "payday loans" would receive more time to pay them back without financial penalties under the terms of legislation given preliminary House approval Monday. The measure would leave intact existing laws that permit people to borrow up to $500 for two weeks for 15 percent of the value of the loan. That works out to an annual percentage rate in the neighborhood of 400 percent."
Efforts to regulate military payday lending draw flack
April 16, 2007
"The battle to protect members of the U.S. military from financial fraud continues on several fronts. The most recent event was the recent release of a proposal from the Department of Defense that would limit the annual interest rate to 36 percent on so-called payday loans. While that seems high compared with other types of credit options, it is substantially below the rates that have been charged in the past, often ranging into triple digits."
US Military Drafts Anti-Predatory Lending Rules
April 9, 2007
"The U.S. Defense Department will propose curbs on what it considers predatory lending to military service members and their families such as payday loans, car title lending and tax refund anticipation loans, a draft of the proposal showed. "A major concern of the department has been the debt trap some forms of credit can present for service members and their families already burdened with debt and recurring bills," the Pentagon said in its proposal."
Payday Lenders Preying on Troops Via Internet
April 3, 2007
"Payday lenders have expanded their operations from seedy stores outside military bases to increasingly sophisticated Internet-based solicitations that target servicemembers overseas. And the unwary are the victims. "In the past year, Navy-Marine Corps Relief Society Yokosuka has assisted 10 sailors with online payday lenders," said Andrea Bowen, director for the society's Yokosuka office. "Not only do they target servicemembers, but they prey on them."
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