@KA0301, Thank you for reaching out. I'm sorry to hear you may be affected by the shutdown. I have forwarded your question to the appropriate area and awaiting a response. I will follow up with you as soon as I receive more information. Thank you. ~ Lori C
I am sorry to hear you are disappointed
We are always reviewing our product offerings to ensure we are providing the best possible solutions for our members. In this case, we’ve developed a product that can be quickly targeted to the specific members impacted by the government shutdown, while still providing outstanding member value. We are committed to finding the best ways to serve our members and help them protect their financial interests, now and in the future
I will pass your feedback along to the appropriate team. ~ Lori C
@KAM0301, Thank you for adding your comments. I appreciate you taking the time to share your thoughts and we appreciate your support and understanding our decision/offer.
Your membership and trust is greatly appreciated. Have a great day! ~ Lori
I agree that the 0.26% APR discounted to 0.01% APR is neglible and should not affect anyone. However, the issue is that it is an Unsecured Loan that is subject ot credit approval, unlike the guaranteed loan of Nevy Fed. As such, I have not heard of anyone getting approved and I've already heard of TONS of people getting denied. People with over 720 credit scores trying to do for 3 months getting denied then trying for only 2 month term and getting instantly denied yet again. The idea behind it is great yet the follow-through behind it is not there. If they are not going to approve anyone with less than perfect credit score, then they are not actually doing anything for us Active Duty service members other than paying lip service.
Why is it USAA's fault you are not getting paid? I fail to see why they are forced to help at all. I'm in the same boat but how about live on less than you make? How about buying a cheap car? How about saving some money and eating out less. There should not be any government employee that cannot go without a months pay and still be fine. Look at your spending and I'm positive to see cable, internet and cell phones probably a huge car payment too. How about spending less than you earn. Save a three month emergency fund and you will not have nothing to worry about anything. You will receive back pay too.