My son is in the military, and he is in the process of getting a divorce. His problem is that he has no credit, and his ex-to-be has gone out and gotten cards with very high limits. He needs to find a credit card company that will take him. Please help. – Mary
Marriage does not mean that two people are legally fused at the financial hip. Sure, what one does financially often has an impact on the other — but, thankfully, your son and his wife are still individuals as well. There are some problems I see with his situation, though, so I’ll cover those and then get to the solutions. Here’s a preview: Yes, he can get his own personal credit card.
Once he has the plastic, I encourage your son to keep his credit clean and bright. As a member of the military, he can take advantage of specialized help, too. Every American military base has a Family Readiness Center that has counseling services to help service members through financial confusion.
In addition, the Better Business Bureau has established the BBB Military Line to provide free financial literacy resources. Finally, banks and credit counselors have come together to address their unique money issues of service men and women. They have collaborated with the Iraq and Afghanistan Veterans of America, the Tragedy Assistance Program for Survivors and the Military Spouse Corporate Career Network to form CredAbility ReConnect. It is a free, online financial education and counseling program specifically designed for people like your son.
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