Soldiers get $92M in debt relief under settlement

[Omaha Steve]

Source: Omaha World Herald

By Steve Liewer

Most people who looked at Staff Sgt. James Wilson would see an honorable soldier, a man who has served his country well for the past 12 years.

The owners of the now-bankrupt Rome Finance Co. looked at the Iowa National Guardsman and saw a mark to be milked for cash.

Since 2010, Rome Finance has taken more than $3,500 in payments and interest from Wilson’s paycheck to pay for a laptop computer valued at $1,200. The company says he still owes $2,500.

“It’s just so wrong to treat members of our military this way — to sell them overpriced items at inflated interest rates,” Iowa Attorney General Tom Miller said at a press conference Tuesday in Council Bluffs.

FULL story at link.


Read more: http://www.omaha.com/news/iowa/soldiers-get-m-in-debt-relief-under-settlement/article_1f267d50-1759-11e4-b826-0017a43b2370.html

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12 different states combined!

[gerogie2]

1. This should apply to all citizens not just Soldiers

“It’s just so wrong to treat members of our military this way — to sell them overpriced items at inflated interest rates,” Iowa Attorney General Tom Miller said at a press conference Tuesday in Council Bluffs.

Let me just say I'm a vet. But this worship of soldiers and vets by Republicans is absurd. Everybody should be protected under the law from predatory lenders. Your veteran or service status should make no difference. Every person that has a disease should be able to obtain health care coverage.

[mopinko]

3. so much cheaper to include everybody.

like the move to all free lunches in schools. it changes the whole procurement universe to say- lets just feed all the kids.
it is so much cheaper.

i agree. single payer is the way. obamacare is a tremendous improvement, but wtf.

and these predatory lenders are such a POX.

[Stuart G]

2. Fucking Unbelieveable...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Greed on that level!!!!!!!!!!!!!!!!

[mahatmakanejeeves]

4. Same Racket, Different Firm:

The Washington Post and ProPublica had a article last weekend about the same scam being pulled by a firm headquartered in Virginia.

USA Discounters: Thank You for Your Service: How One Company Sues Soldiers Worldwide

[DesertDiamond]

5. My nephew was scammed in EXACTLY the same way when he was in the Army a few years ago

I'm going to find the name of that company and see if they're still in "business." If so I'm going to report them.