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Welcome to Navy For Moms!

You will find this site very helpful and full of members who are eager to answer your questions.  Browse around the site and check out the forums, groups, blogs, photos, videos, and even the other member profiles!  

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Enjoy your time here! I look forward (along with the community) to reading more about you! :) 

-Colleen

Servicemembers Civil Relief Act Overview
The Servicemember's Civil Relief Act (SCRA) expanded and improved the former Soldiers' and Sailors' Civil Relief Act (SSCRA). The SCRA provides a wide range of protections for individuals entering, called to active duty in the military, or deployed servicemembers. It is intended to postpone or suspend certain civil obligations to enable service members to devote full attention to duty and relieve stress on the family members of those deployed servicemembers. A few examples of such obligations you may be protected against are:

Outstanding credit card debt
Mortgage payments
Pending trials
Taxes
Terminations of lease.

Clarifies and restates existing law that limits to 6 percent interest on credit obligations incurred prior to military service or activation, including credit card debt, for active duty servicemembers. The SCRA unambiguously states that no interest above 6 percent can accrue for credit obligations (that were established prior to active duty or activation) while on active duty, nor can that excess interest become due once the servicemember leaves active duty – instead that portion above 6 percent is permanently forgiven. Furthermore, the monthly payment must be reduced by the amount of interest saved during the covered period.