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Payday loans are the short-term loans for immediate cash requirement. This facility is just for emergency as per the situation or the circumstances. Getting approval for a job is not big job but to repay it in timely manner is much more important and crucial. In case of non-repayment of loans give bad credit profile to the borrower. The most affected amongst these borrowers are the military personnel.

Many newspapers gave a detailed report fro 2003-04 as how military personnel are targeted by the payday loans lenders and how military personnel get affected by military payday loans. Report clearly stated that military payday loans have maximum outstanding of repayments. The recent reports in papers stated that payday lenders are much interested in giving military payday loans to inexperienced and young military personnel. These people get low wages and shoulder lot of family responsibilities, which are not fulfilled by their paychecks. Thus military people are always in need of cash. Further they receive checks from the government, which are timely and accurate without any unforeseen deductions. This helps them in availing loan very fast.

Lenders for military payday loans have different locations. Generally they are located in areas nearby to military bases. They also use military bases connections to reach out to the military recruits and other persons. They also keep their firm names based on the military base name. These lenders are usually former military persons or appoint former military person to avail military payday loans to the people for the base.

Military persons should be very conscious while availing military payday loans. It is most likely that the person gets trapped in the debt trap, which leads to the fear of getting reprisal from their senior commanding officer. In fact the person who has taken military payday loans and fails to repay the amount is a victim against the violation of UCMJ Act 123a and 134. Under this act he can be punished in different ways to the extent of being court-martialed. He can also have loss of security clearance or may be transferred to different unit or can be discharged of his duties.

Due to insufficient incomes many military personnel are going in for military payday loans. This eventually leads to financial stress as the person needs to meet the expenses both at home and abroad. This is the main reason that military personnel go in for military payday loans. Due to arising bad debts from military people, military has started to help out its people. Outside organizations like Army, Navy Marine Caps, etc have also come forward to help. They have decided to provide financial counseling and then if required they provide the financial assistance. To fulfill short-term needs of the military personnel military credit account has also been opened.

To qualify for the military payday loans one must be an active duty member of military or 20 years retired duty member. One should have the most recent LES and military identification. This facility of military payday loans is open for all ranks and all grades of people. Applications are reviewed on the basis of filled in details. This financial situation can be seen through rank or grade at which the person is positioned. The safeguards and strict controls keep all the information completely anonymous. Services for military payday loans are committed to provide loan to whole country's armed forces present worldwide.