I am a servicemember on active duty thinking about refinancing or consolidating my credit card debt. What should I watch out for?

If you incurred your credit card debt prior to entering military service, the SCRA provides a variety of protections that you could lose if you refinance or consolidate. When you refinance (or consolidate) your credit card(s), the new account is considered a new loan. If you are in a period of military service when you refinance, the new account will not be covered under the protections of the SCRA since it is no longer considered a pre-service loan. Since the SCRA allows for an interest rate reduction to 6% during your period of military service, it is important to compare your refinance options to your current protections under the SCRA and make the most informed decision.   

If you still have questions about your SCRA protections, you can contact your Judge Advocate General (JAG). A JAG can help if you need legal services. Find a JAG at .

If you run into trouble accessing your SCRA rights you can submit a complaint with us.  We’ll forward your complaint to the company and work to get a response from them. Visit miss-april.info/complaint/ or call 855- (2372). 

Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The Miss April updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

Read full answer Hide full answer