Financial Top Tips for Service Personnel

Service personnel can experience difficulty in accessing commercial products and services due to their mobility and time spent outside the UK. The MOD has worked with the financial sector to improve the ability of Armed Forces personnel to access financial products. The representative bodies for the financial sector are raising awareness within their membership of the need to avoid disadvantage for Service personnel and have worked with the MOD to produce Guidance Notes offering practical help for personnel applying for secured (mortgages) and unsecured loans (credit cards, motor finance, etc).

This Guidance highlights some of the common difficulties faced by the Services’ mobile population in acquiring credit and offers advice on how to overcome these.