DOD Provides Lending Protections for Military Service Members

Personal Loans for Military Members 

Department of Defense Provides Protections for Armed Forces Members and Military Veterans

Effective October 1, 2007, the Department of Defense final regulation of the Talent-Nelson amendment has imposed restrictions on certain types of consumer lending. The final regulation focused on predatory products, such as payday loans, car title loans, and tax refund anticipation loans. The most significant restriction is a 36 percent APR cap on loans to Service members and their dependents, protecting military families from excessive APR rates.

These new restriction will severely limit certain lenders (payday and car title lenders especially) from continuing to do business with Service members and their families.

Pioneer Military Lending offers a responsible alternative to payday loans.

•  Military Loans for all ranks and branches
•  Loans from $500 to $10,000 – 24-hour service
•  Every loan is backed by a 15-day, no-cost return policy. If, for any reason, you are not completely satisfied, you can cancel your loan within 15 days at no cost to you … guaranteed

Their Military Scoring Model® recognizes the unique military lifestyle and more accurately judges a military customer's true credit worthiness, leading to the best rate and fair price.

Who is Pioneer Military Lending?

Pioneer Military Lending is the online military lending division of MidCountry Bank. They offer the security of a bank with the speed and flexibility that service members need. They take pride in going the extra mile for every customer, and have an understanding of your financial situation that comes from more than twenty years of experience serving the military community–from new recruits to career service members.

• Pioneer Military Loans for all ranks and branches
• Loans from $500 to $10,000
• 24/7 service from a company that cares

Their understanding of your financial situation comes from more than 20 years of experience providing service members and Department of Defense employees with responsible financial solutions.

Why Pioneer Military Lending?

Pioneer Military Lending has spent the past twenty years exclusively serving the military community. In fact, thirty percent of their associates are either current or former members of the military or they have spouses who are.

This experience means they truly understand the unique lifestyle needs of active-duty and career retired service members. Every day, their associates strive to influence service members' lives for the better by providing a voice for issues within the community.

• Military Loans for all ranks and branches
• Loans from $500 to $10,000 – 24-hour service
• Avoid high-interest debt and payday loans. Get back on track with affordable monthly payments
• Every loan is backed by a 15-day, no-cost return policy. If, for any reason, you are not completely satisfied, you can cancel your loan within 15 days at no cost to you … guaranteed

For more than two decades, Pioneer Military Lending has provided military families with military loan solutions that are fair, secure and geared towards helping you get the money you need without excessive charges.

Installment Loans

Pioneer Military Lending offers competitive interest rates and installment loan products for all ranks. Pioneer Military Lending ensures that your payments are manageable, have no hidden fees, and provide you with friendly and knowledgeable loan associates.

• Pioneer Military Loans for all ranks and branches of active-duty and career-retired service members and Department of Defense employees
• Borrow from $500 to $10,000