Active Duty Military get your interest rates lowered!!!

My husband is a Colonel with 35 years in the Army and was recalled to active duty after 9-11. I never realized that it is a provision of the soldiers and sailors act that during his active duty none of our interest rates can go beyond 6%. I contacted all my credit card companies and our mortgage company and provided them with all of his orders and they went back and retroactively rebated his interest to 5.9%!!! Our mortgage was 8.5% so we got back over 6000.00. It really reduced everyone of our payments and our credit card balances were lowered substatially. It was like Christmas. I would never have known this and wanted to pass it on to everyone.

[bestmidwest]

We did this too when my DH was deployed with his National Guard unit. I am so surprised that the family readiness unit didn't tell you this before he was deployed. I was lucky...even after he came back they never changed his car loan back. We are active duty now, so I make sure to find out about all of the benefits!

Please thank your husband for answering the call on behalf of my family!