Updated June 29, 2021
As you reflect on your summer, know that it’s common if your bank account balance is a little too low for comfort. No one wants to stay indoors, and unfortunately, beach vacations and warm weather activities can get expensive. Now is about that time that you are looking for a way to pay down some of that high interest credit card debt. After all, the average credit card interest rate is about 15.56 – 22.87%, so the sooner you can pay it off, the less you will spend total.
Luckily, AAFMAA has an excellent solution to fill the gap left by summertime spending. With a low interest rate of just 1.5%, their $5,000 Career Assistance Program (CAP) Loan is a great way for servicememembers to boost their bank accounts. Put the money toward your other bills and do away with sky-high interest payments. Your summer purchases don’t have to haunt you.
If your spouse is active duty, or in the Guard or Reserve, in ranks E5 to E9, W01, CW2 to CW5, and O-1 to O-4, then he or she is eligible for the AAFMAA CAP Loan. Have them call AAFMAA today at (800) 846-1029 or start their application here. The application process is quick and easy, so the only thing your family has to lose is high-interest debt.
For more information about AAFMAA, the longest-standing military financial solutions provider, visit their website at www.aafmaa.com or give us a call at (800) 522-5221.
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