Financial education: Information and execution are vital
This document is a collection of facts, figures, stories, and case studies assembled by Pioneer Services Representatives addressing predatory practices and the need for a responsible alternative for our men and women in uniform.
The intent of this paper is to explore the negative impact of predatory lending "practices" on service members and to offer possible solutions through financial education. The paper is not aimed at any one company or industry, but rather predatory practices in general.
Together, responsible members of the financial services industry, the Department of Defense, and military leadership can address this problem. But they can only do this if they allow all three members to have open discussions about solutions that will work. It is our intention that this research paper be a catalyst to begin those conversations and most of all begin developing efficient and effective solutions to this problem.
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