Interactive Form - Letter to Request Lower Credit Card Interest Rate

A computer generated image of a series of papers layered on top of each other. The top paper is a check list with red check-marks on it.

As a member of the Armed Forces, Reserves, National Guard or other uniformed services, you have some financial protections for you and your family when you are called into active duty military service.

A law that may provide many protections for you and your family is called the Servicemembers Civil Relief Act (SCRA). This law was made to help protect members of the military and their family who may have trouble with financial and legal issues because of military service.

This is an easy-to-use interactive form. The program will create a letter and instructions. You can use this to notify your credit card company that they cannot charge you more than six percent (6%) interest on your credit card. The credit card company must forgive any interest you paid over the six percent (6%) limit since the start of your active duty.

All you need to do is:

  1. Answer a few simple questions.
  2. Print out your form.
  3. Proofread and sign it.
  4. Attach a copy of your Current Leave and Earnings Statement.
  5. Attach a copy of your Activation Orders.
  6. Make copies for your own records.
  7. Then send the original, with attachments, to your credit card company.

Do I qualify for this benefit?

(1) You must have made the credit card debt before you began active duty and

(2) You have to show that your ability to pay the debt has been "materially affected" due to your military service (such as reduced income).

  • Interactive Form Packet is currently unavailable.
  • Sample Form is attached.

IMPORTANT NOTICE: You must have Microsoft Word or Word Viewer installed on your computer to use the interactive form packet. You can download Word Viewer for free here.

You must have Adobe Reader to view the sample form packet. You can download Adobe Reader for free here.


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Resource Date: November  2015