Military Loans News Home
Pioneer Services 'Help Loan' a Responsible Alternative to
KANSAS CITY, Mo., Aug. 11, 2005 /PRNewswire/ -- In order to offer an alternative
to payday loans, Pioneer Services created the "Help Loan" in 2003. This
short-term installment loan is a one-time loan of $500 with only $25.24 in
interest and fees, payable in four monthly installments with a 30-day grace
period until the first payment. It offers a disciplined and financially
responsible way for service members to get money for unforeseen expenses and
comes with the standard Pioneer Services 15 day no-cost satisfaction
"The Help Loan was created to give service members an alternative to
payday loans that is fiscally sound, affordable, and can't be rolled over,"
said Pat McCarty, Executive Vice President for Military Relations. "It's a
terrific way for military families to obtain emergency funds without getting
caught in a never-ending cycle of debt, something that happens frequently with
payday loans, check cashing services and title loans."
The Help Loan has been available for two years and is one of the many
Pioneer Services available to help service members meet their cash needs and
keep their focus on their jobs rather than worrying about financial issues.
Recent studies have also suggested that predatory and questionable lending
practices target the military community, putting service members in financial
One such study, Predatory Lending and the Military: The Law and Geography
of "Payday" Loans in Military Towns, conducted by a pair of university
professors, claims there is "irrefutable geographic evidence" that payday
lenders actively and aggressively target military personnel.
"Because predatory lending practices have become a huge issue for military
families, we are proactively marketing the Help Loan as a better alternative,"
PIONEER SERVICES is a brand name and registered service mark of Pioneer
Licensing Services, Inc., where its use is duly licensed to affiliates and
partners of Pioneer Licensing Services, Inc.
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 servicemembers 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
Loans. We recommend Pioneer Military Loans when loans are
not available to you through your base. Pioneer charges fair
rates and has good standing within the military community.
Above, for your reference, is a news log of articles concerning
loans for military people.
PIONEER MILITARY LENDING - PERSONAL LOANS UP TO
MilitarySpot.com 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. Our secure and private online loan service is designed to
provide you with the convenience and accessibility you need. We offer
competitive interest rates and loan products for all ranks, and our
online application is available 24 hours a day, seven days a week. All
of our loan products are backed by our Four-Star Guarantee. If you're
not 100% completely satisfied with your service, you can cancel your
loan within 15 days at NO cost to you.
DESCRIPTION: Loans for
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