Pioneer Military Lending

Military personnel face a unique set of challenges in obtaining and maintaining consumer credit. Extended overseas tours of duty, frequent moves, and unexpected deployments can cause damage to credit ratings and make it more difficult to obtain additional credit or build a solid credit history. Pioneer Military Lending can help members of the U.S. Army, Navy, Air Force, Marines, Coast Guard and certain employees of the Department of the Defense obtain the credit they need and deserve through personal loans designed specifically for them. Even those with past credit problems can be approved for loans; Pioneer Military Lending uses an exclusive Military Scoring Model to evaluate the credit histories of applicants, which typically gives a more accurate credit rating for military members than the traditional credit scores assigned by the major U.S. credit bureaus.

Pioneer Military Lending has been providing financial options to military personnel for over twenty years and is administered by Pioneer Services on behalf of MidCountry Bank. The company offers debt consolidation loans, specialty auto loans to cover the cost of repairs, loans to cover legal fees, and personal loans designed to help military members and their families handle financial emergencies more readily. These loans are available without collateral and feature fixed interest rates and fixed payment amounts, allowing families to better control spending and anticipate expenses. Loans range from $500 to $10,000, and Pioneer Military Lending’s high approval rates ensure that military families get the funds they need when it counts. Pioneer Military Lending maintains seventeen offices distributed throughout the country; most are located close to major military bases for added convenience. These offices also provide free faxing, copying, and notarization for service members and offer free credit counseling to help military personnel handle their finances responsibly.

Loan eligibility and amounts are determined after an examination of the applicant’s credit history, military rank and years of service, the current debt-to-income ratio, and the expected expiration date of the applicant’s term of service. Interest rates are decided on a case-by-case basis depending on the applicant’s credit history and risk factors. Borrowers can apply online through the Pioneer Military Lending website and, in most cases, will receive a response within twenty-four hours of their initial application. Once approved, consumers can access their accounts online through the website and make payments, see outstanding balances, and update personal information quickly and easily.

The 2007 Military Authorization Act included provisions making it illegal to provide payday loan or car title loan services to military personnel and limiting the interest rates charged to members of the armed services. While these provisions were intended to protect military families against predatory lenders, they also limit the options available in an emergency. Pioneer Military Lending can bridge this gap in credit options; typically, borrowers can receive their funds within twenty-four hours of final approval. Express processing and prompt availability of funds make Pioneer Military Lending a solid choice when emergency cash is needed quickly. Pioneer makes it easy for servicemen and women to obtain sensible, responsible solutions to their cash-flow needs.