News & Resources

Military personnel to receive debt collection relief

Feb 18, 2011 Brian Bradley

Enlisted military personnel not only have to manage the extreme rigors of their job, but they head overseas knowing they leave their entire worlds at home in a virtual standstill - and that includes debt obligations. Whether these debts are for auto loans, mortgages or credit card bills, servicepersons rarely have the time to consider such issues. Therefore, to assist them, ACA International, an association comprised of third-party debt collectors, asset buyers and collection attorneys, will provide services that will allow those serving overseas to receive additional assistance while their assets are temporarily frozen. Such a program is not a new concept, as it is illegal for debt collectors to pursue actively deployed personnel under the Servicemembers Civil Relief Act. However, the program will offer resources that can help military members better manage their debts upon their return. "We sincerely appreciate the sacrifices and service of the courageous men and women of our military who have and continue to put their lives on the line to protect our country and the freedoms we enjoy," said ACA International Interim CEO Ted Smith.