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Financial Challenges of Military Life: Understanding Your Credit History for Smart Decisions

Learn how military families face financial challenges and why understanding your credit history is crucial. Discover how to manage debt, assets, and make informed financial decisions. Get your free credit report and improve your credit score for a better financial future.

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Financial Challenges of Military Life: Understanding Your Credit History for Smart Decisions

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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. Your Credit History • Tells businesses • How much you owe • How you pay your bills • Influences jobs, loans, security clearance and more • Know your story • Get free credit report – AnnualCreditReport.com • Review and fix any issues • Your PFM can help you get your free credit score

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