Military

PaydaySpot.com is grateful for the dedication and service of all the hardworking men and women who serve in the United States Armed Forces. While we appreciate the service of all of our U.S. Armed Forces personnel, Federal Law, 10 U.S.C. 987, prohibits lenders from making a payday loan with a military annual percentage rate of more than 36% to an applicant who is a military service member on active duty or a dependent of a military service member on active duty. Unfortunately, at this time we do not offer a payday advance loan product which meets the interest limitations imposed by this Federal Law.

We would like to encourage all Armed Forces members to explore the financial resources and other forms of assistance offered by the U.S. Military, to their personnel and families, in time of financial need. We have provided links to these financial resources for your convenience.

These military agencies, such as the Air Force Aid Society, Army Emergency Relief, Navy-Marine Corps Relief Society, and Coast Guard Mutual Assistance, have been set up to provide assistance to military personnel, and their families, during times of financial crisis. These organizations provide everything from credit counseling to interest free emergency loans to food, rent, and utility assistance, to members of each branch of the U.S. Armed Forces. Please read through the information provided, and contact the agency that serves your branch of the U.S. Armed Forces.

Non-military members, would you also like more information about alternatives to payday loans, money saving tips, and credit counseling options? Please visit our Financial Tips page for information on debt consolidation, credit counseling, and other money management resources.