Military Consumer: Sound Off!

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The military community makes many of the same consumer decisions as their civilian counterparts. We all need to manage our money – and avoid rip-offs. But servicemembers and their families also face unique challenges, like frequent relocations and deployment. When a permanent change of station is on the horizon, a military family needs to rent or buy a new place to live, manage money while on the move, and be vigilant about dealing with businesses in an unfamiliar locale. A servicemember’s regular paycheck from Uncle Sam can make them a target for scammers.

That’s why the FTC has created the Military Consumer Toolkit and teamed up with the Department of Defense, the Consumer Financial Protection Bureau, Military Saves, and many other partners to help servicemembers and their families navigate consumer decisions. We’d like to enlist your help in spreading the word to military personnel and families at your company and in your community.


Military.Consumer.gov provides quick, mobile-friendly tips. Say a servicemember wants to buy a car, manage their money during deployment, or continue their education. They can get started right on their phone at Military.Consumer.gov. Use the Toolkit’s presentation slides and talking points if you put on or participate in events for your military customers. Share the tips in your company or trade group’s newsletter and on your social media sites.

One last thing. There’s something else companies can do to help out our Armed Forces. This goes without saying – and we know it doesn’t apply to you – but share it with those who might need the reminder. If you support the troops, then the first order of business is good business practices. It’s shady to use mumbo jumbo and trickery to hook anyone. But using sketchy tactics and pressure on servicemembers? Our military community deserves better than that.

 

Comments

Why don't these payday lending programs have to follow the rule for loans when lending money to our military, whether it be active, retired and their immediate families? Title loans those companies found the loophole in which they will probably repo my car any day. Not only them but also NFCU after 8 years and still getting the run around from them when my husband past.

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