Military Lending Act Protections for Solo Funds Borrowers
Active-duty service members, spouses, and covered dependents receive specific legal protections when borrowing through any licensed lender in our network. The Military Lending Act caps the Military Annual Percentage Rate (MAPR) at 36% for covered products. The MAPR calculation is broader than standard APR and includes credit insurance and add-on fees. This 36% cap applies automatically — you do not need to invoke it. Licensed lenders must verify MLA status for all applicants. Verify compliance by reviewing your loan disclosure, which must state your MAPR explicitly if you are a covered borrower. Contact our support team with any MLA compliance concerns.
What Solo Funds APR Means for Veterans
Veterans (no longer on active duty) are not covered by MLA but may qualify for VA financial assistance programs and access our lending marketplace like any civilian borrower. The standard 5.99%–35.99% APR range applies. Many veterans have strong credit histories developed during service, often positioning them at the lower end of this range. If currently on active duty and a solo funds offer shows MAPR above 36%, that violates the MLA. Report violations to the CFPB and your installation’s legal assistance office. See our full rate disclosure for more information.
Military Aid Societies and Alternatives for Active-Duty Members
Before using a solo funds advance, active-duty members should explore zero-interest emergency assistance through military aid societies: Army Emergency Relief, Navy-Marine Corps Relief Society, Air Force Aid Society, and Coast Guard Mutual Assistance all provide interest-free loans and grants for eligible active-duty members and families. These cover emergency housing, food, travel, and medical needs. Apply through your installation’s financial readiness program. This is always the better option than any commercial loan. If military aid doesn’t cover the full need, a solo funds advance may bridge the remaining gap. Our application is available 24/7 with no credit impact to check your rate.
Long-Term Financial Resources for Veterans
Beyond emergency assistance, veterans have access to VA home loans, VA financial counseling through the Veterans Benefits Administration, and many state veteran financial assistance programs. The CFPB runs a dedicated Servicemembers portal at consumerfinance.gov with tailored financial guidance. For credit building after service, our credit rebuilding guide provides practical steps that apply equally to veterans transitioning to civilian financial life. Our FAQ also covers eligibility and the application process in detail.