Lieutenant Colonel Mark Ballasteros
“These types of institutions are prevalent around military installations. They tend to seek out young service members who are inexperienced in the world of credit, but have access to a steady flow of cash.”
Pentagon spokesman Lieutenant Colonel Ballasteros says members of the military are being targeted…
The Defense Department calls for stricter laws against payday loan shops and said the number of soldiers denied a security clearance over the past five years has increased 1,600% – because so many are having problems with high-interest, short-term loans.
Lieutenant Colonel Mark Ballasteros is a spokesman for the Pentagon.
Source: Defense Department Wants Stricter Payday Loan Laws by Kristian Foden-Vencil (Oregon Public Broadcasting)
If you are in the military, please read Interest Free Loans for Military Personnel in our Payday Loan Alternatives category.
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