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INSIDE THE NAVY
Active-Reserve Study May Help Navy Give More Reserve Support In Iraq
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Check 21 is a federal law that is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Instead of physically moving paper checks from one bank to another, Check 21 will allow banks to process more checks electronically. The bottom line is you must always make sure you have enough money in your account to cover the checks you write at the time that you write them. Read the story...
The Dangers of Payday Loans
While everyone out there seems to want to lend you money, there is no "free" lunch and there are no "free" loans. Learn about the true dangers and costs of "fast cash" loans.
Do You Pay Your Bills Late?
Are your bills piling up at home? Do you even know when they are due? If you don't pay your bills on time, the consequences could be costly, resulting in poor credit, late fees, and even repossession.
Think Before You Write a Bad Check
You found that item you just have to have. Unfortunately, you don't have the money in your account to pay for it. Stop and think! Writing a bad check is illegal, it can lead to large fees, debt, jail, and even separation from the military.
LOI and Bankruptcy: It Doesn't Have to Be You
If you neglect to pay your bills on time, creditors can contact your command. This is normally done through a letter of indebtedness (LOI). Learn about the cause and effects of a LOI and what happens when you declare bankruptcy.
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