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Money and Mobility
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Smart Move |
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Protect yourself from identity theft while away by placing an "active duty alert" on your credit reports. |
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Can I End the Lease on an Apartment or Car?
If you have a house or apartment lease and pay no more in monthly
rent than a set amount ($2,720.95 in 2007), you cannot be evicted
for nonpayment while on active duty. If you entered into
a lease and then receive permanent change of station (PCS)
orders or deployment for 90 days or more, you can end the
lease by giving written notice at least 30 days before your
next payment is due. This right is given you by the Servicemembers’ Civil
Relief Act (SCRA).
SCRA also gives you the right to end a
car lease and not be billed for early termination charges,
provided you receive PCS orders that station you outside the
continental United States or deployment for 180 days or longer
after entering into the lease. Your lease ends when you notify
the leasing company in writing and return the car. You may
be responsible for charges associated with damage to the car
or miles you have driven in excess of what is allowed in your
lease agreement.
Active Duty Alert
Tip: Protect yourself from identity theft while away by placing
an “active duty alert” on your credit reports.
This alert requires businesses to verify your identity before
issuing any credit in your name, usually by trying to contact
you. To place or remove an active duty alert, you, or someone
you designate, must contact the fraud division of one of the
three major credit reporting agencies. The agency you get in
touch with will then contact the other two for you.
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