As many as one in five members of the armed services are being preyed on by loan centers set up near military bases that can charge cash-strapped military families interest of 400% or more, a new Pentagon report has found.
“We're seeing a growing trend of folks who are not eligible to deploy because of financial problems,” says Capt. Mark Patton, commander of Naval Base Point Loma in California. Patton says debt problems can cost some servicemembers their security clearances.
This is just brilliant. I thought soldiers were supposed to be safe on their home base.