As of now, we have 18 million veterans living in the US. Your services to the country make you more than deserving of receiving support.
Many types of financial support are available to every American citizen. For veterans, non-profit organizations and the government offer various specialized assistance programs. Many of these programs match your needs and help you ease your way back to civilian life.
Financial help for veterans is also abundant. They include those that help you in repairing your credit. However, you must choose the one that benefits you the most.
You don’t have to go and wade through all the online information. We’ve got you covered. Here are four groups of resources that provide financial help for veterans in need:
Credit Repair and Debt Relief
As a veteran, you have specific debt relief services available for you to take. You can enjoy a significant fee reduction. Some services even allow you to waive fees altogether.
Will you be going through debt and credit counseling? You can receive more specialized help for services. Some examples are debt consolidation and lower interest rate negotiations.
Military Family Advisory Network
MFAN is an organization that helps military and veteran families. They focus on bridging the communication gap between military families and service providers.
You can check their collection of information and resources made for military families. You can also learn how to manage your financial and general well-being.
One of their programs, MilCents, provides a self-guided financial education. It helps military families learn the intricacies of handling personal finances.
National Foundation for Credit Counseling
If you’re seeking counsel in handling credit, NFCC is an excellent choice. Their service is available for everyone. However, veterans and their families are eligible for reduced or waived fees.
Many agencies are members of the NFCC. They provide affordable credit management services to military families.
Credit Repair Companies
As a veteran, you can enjoy more lenient requirements when applying for a loan. As long as you have a responsible credit history, lenders will not require a minimum credit score. You should have a minimum score of 620 to 640.
If you have a lower credit score, you’ll need the help of credit repair companies. Companies such as Pinnacle Credit Repair can help you. They can remove negative information off of your credit reports.
Pinnacle Credit Repair follows the Fair Credit Reporting Act (FCRA). Their experts can dispute bureaus and creditors to improve your credit score.
Financial Aid for Veterans and Family Members
The best programs can give veterans direct financial aid, including monetary grants. Here are some of them:
American Legion Temporary Financial Assistance
The American Legion Temporary Financial Assistance provides a single, one-time increment of grants. However, it can only go up to $1,500.
The grants are for the basic amenities that veterans and their families need. The monetary aid can provide funding for food, shelter, and utility expenses.
American Red Cross
You can join the Red Cross programs via phone, mobile app, or the internet. Hero Care Center provides emergency financial aid to veteran families.
Child Care and Development Fund
The U.S. Department of Health and Human Services issued the Child Care and Development Fund. Their goal is to help low-income families. They help provide funding for childcare services, including babysitting expenses.
The program is open to all residents. Veterans experiencing financial challenges can also opt to avail themselves of this service.
Army Emergency Relief
The Army Emergency Relief provides the following emergency funding:
- Emergency travel
- Rent and mortgage payments
- Home Repairs
- Funeral Expenses and more
Contact this charitable organization to avail of their interest-free loans or cash grants.
Children of Fallen Soldiers Relief Fund
The Children of Fallen Soldiers Relief Fund have many excellent programs. They offer disabled veterans and their families great services, including:
- Children’s enrichment services
- Direct financial aid
- Educational support
They also provide help in restoring the emotional well-being to families of fallen soldiers.
Necessary Aid for Female Veterans
Today, 9% of veterans are women, but by 2045 it will increase to 18%. Programs that cater to specific female veterans are also growing. Here are some of the organizations that can help with finances.
Combat Female Veterans
Combat Female Veterans, also known as CFV, is a non-profit organization. It provides financial help through education. If you’re a female combat veteran, CFV can help you have an easy transition back to civilian life.
The organization also has an emergency relief fund. You can ask them for help with your basic living expenses.
Are you a female veteran? Do you need financial help covering the costs of food, housing, and more? You and your family can sign up for the one-time grants provided by the Dixon Center.
However, you must provide proof that you’ve exhausted all means of support. Only then will Dixon Center give you direct financial aid.
Help for Disabled or Wounded Veterans
You’ll find a lot of veteran support programs. They focus on helping wounded or disabled combat veterans and their families.
They offer relief from financial difficulties because of disability and post-traumatic injuries. Furthermore, some of them even provide help on housing and career training.
Coalition to Salute America’s Heroes
The goal of the Coalition to Salute America’s Heroes is to help wounded veterans and their families. Veterans can restore their financial stability as a civilian.
This organization also provides services to help veterans recover from illnesses and injuries. They also give emergency financial aid and psychological aids. The monetary aid can help cover payments for utilities, rent, and healthcare.
Disabled American Veterans
Congress created Disabled American Veterans to support injured combat veterans and their families. This organization helps them transition into civilian life with tools and resources. They also provide emergency financial help as well as emergency disaster relief grants.
Hope for the Warriors
This non-profit organization provides a variety of free services to military families. They also offer help with mental health and community development. You’ll also receive the following aids:
- Scholarships for caregivers and military spouses
- Critical care coordination
- Financial support to injured combat veterans
Even families of military men and women killed in action can avail of their services.
Choose the Right Financial Help for Veterans
Veterans deserve the country’s unyielding support for the services they provided. This list offers a variety of helpful resources. It also includes financial help for veterans with bad credit.
Do you need help with your credit rating? Contact us today for a free consultation.