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Why This Matters

Why This Matters. Studies show that, on average, military families have higher amounts of debt and fewer assets than civilians Challenges of military life can affect servicemembers’ finances: Frequent transition and changes Many servicemembers have little financial experience

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Why This Matters

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  1. Why This Matters • Studies show that, on average, military families have higher amounts of debt and fewer assets than civilians • Challenges of military lifecan affect servicemembers’ finances: • Frequent transition and changes • Many servicemembers have little financial experience • Decisions have long-term effects • Getting the know-how is key to making smart financial decisions

  2. Debt Collectors • If a debt collector contacts you: • Take notes • Ask for written notice • Don’t accept harassment • Talk to a certified credit counselor • If you get a summons • Look at the details • Work with PFM or legal services • Show up in court

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