A tumultuous economy, travel restrictions, business disruptions and other events can wreak havoc on your financial plans. Experiencing a loss of income can be a hardship for military servicemembers and their families. You may worry about losing your home to foreclosure or going deeper into credit card debt to cover day-to-day expenses. During difficult times, having access to emergency relief services can help you get your finances back on track. It’s important that you know you’re not alone, and there are many sources of help available to you and your family.
Service Relief Organizations
If you’re having financial problems or struggling to keep up with bills, your service relief organization can help get you connected with resources and assistance. Interest-free loans and grants may provide assistance with paying rent, utilities, vehicle repair, emergency travel, funeral expenses and some medical and dental supplies. These programs can help close any gaps so you can regain control of your finances. Each organization sets limits and guidelines for the types of financial needs that can be covered.
Learn more about eligibility and how to apply for aid from your service relief organization:
- Army Emergency Relief provides no-interest loans and grants for emergency travel, natural disasters, temporary lodging, vehicle costs and more.
- Navy-Marine Corps Relief Society provides financial assistance and counseling for urgent travel as well as a no-interest Quick Assist Loan for up to $500 that must be paid back within 10 months.
- Air Force Aid Society offers a Standard Assistance program in the form of no-interest loans and grants for emergency situations. The Air Force Aid Society also provides a Falcon Loan program that offers an expedited application process for no-interest loans up to $1,000.
Explore additional resources to help you overcome financial challenges:
- The National Resource Directory connects servicemembers and veterans with local resources and support in employment, health, homelessness, housing, caregiver support and more.
- Operation Homefront, a non-governmental organization, helps military families experiencing financial emergencies with food assistance, auto and home repair, emergency travel, moving assistance and more.
- Your local Red Cross chapter provides resources for those who need emergency assistance. The Red Cross supports military families with financial assistance, deployment services, emergency communications and services for veterans.
- The Consumer Financial Protection Bureau helps servicemembers file complaints and avoid scams targeting military and veterans.
- Your installation’s Military and Family Readiness Center also offers information and resources to help you and your family cope with an emergency.
- Navy Federal offers financial counseling and debt consolidation to help you stabilize your finances and plan for a secure future. Contact us or learn more about military life resources.