Some in the military appear to be financially defenseless when it comes to anything from finding a loan to coping with a financial emergency.
In a survey of service members conducted on behalf of the National Foundation for Credit Counseling 77 percent of the respondents said they were having financial woes of some type, while 55 percent feel they are unprepared for retirement.
Of those who had taken out loans, 11 percent had to resort to military relief to get the money; 31 percent of service members also feel they don't have enough money to cover an emergency or an unexpected expense. Such desperation can lead to soldiers and sailors being taken advantage of or scammed outright.
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