Credit & SCRA Protections

Calculate how much you save with the SCRA 6% interest rate cap. Get step-by-step instructions to notify your lenders.

The Servicemembers Civil Relief Act caps interest at 6% on pre-service debts during active duty. Most lenders will comply — you just have to ask.

Your Pre-Service Debts

Balance

Current Rate (%)

Remaining Term (months)

SCRA 6% Cap Savings

$66

Monthly Savings

$3,977

Total Interest Saved

Credit Card22% → 6%

Payment: $221 → $155Save $66/mo

How to Request Your SCRA Rate Reduction

1
Get a copy of your active duty orders
2
Write a letter requesting the rate reduction (include your name, account number, and active duty start date)
3
Send to your lender via certified mail with return receipt
4
Lender must reduce the rate within 30 days of receiving your request
5
Keep copies of everything — the letter, orders, and the certified mail receipt

SCRA caps interest at 6% on ALL pre-service debts — credit cards, auto loans, student loans, even mortgages. Lenders must comply within 30 days and cannot retaliate or negatively report you.

VTS Duffle Bag tools are for informational purposes only. All calculations run in your browser — no data is collected or stored. Verify amounts with official sources before making financial decisions.