Advantages of Pioneer Military Loan Products

Whether you are an active duty servicemen or 20 year retiree, from any branch of military service, a Pioneer Military Loan will be able to assist you with your credit needs. Regardless of rank or credit rating, a Pioneer Military loan can be found to assist you with debt consolidation, auto loans or even emergency personal loans. A Pioneer Military loan is an alternative to payday or bad credit military loans. Pioneer Military Loan products were designed to allow military servicemen to easily borrow money.

What is a Pioneer Military Loan? Simply put, it is a loan from Pioneer Services, a company that specializes in military loans. In fact, military loans are all they do. Pioneer Services is in a unique position to offer servicemen installment loans at reasonable rates. This is because they understand the effects military service can have on a serviceman’s credit rating and ability to borrow money.

Advantages of Pioneer Military Loan Products

Pioneer Military Loans have many

advantages. All Pioneer loans have fixed rates and clearly defined repayment schedules. They do not require you use property to guarantee your loan. Servicemen can borrow between $500 and $10,000 at completive rates. Pioneer Military Loans are available for all credit ratings. There is a loan product to fit every serviceman’s needs, even those with poor credit.

A simple application and approval process allow for quick access to your funds, sometimes in as little time as two hours. All Pioneer Loan products come with a 15 day guarantee, giving you plenty of time to review your loan documents with an advisor of your choice. If you are not satisfied with the loan terms, Pioneer will cancel the loan with no questions or hassle.

Additionally, Pioneer has created several specialty loan products tailored to meet any serviceman’s needs. Bereavement loans are available for servicemen called from duty due to the death of a family member.

Convalescent Leave Loans are available to help wounded soldiers during recovery. Disaster Relief Loans were developed to assist servicemen affected by a disaster such as hurricanes and tornados. Pioneers Help Loan is available to assist servicemen faced with a sudden personal emergency. Military personnel returning home on leave would benefit from the Home Leave Assistance Loan. All of these specialty loans have reasonable interest rates.

Little extra documentation is required to qualify for these specialty loans, making them an easy fit. Like all Pioneer Military Loan Products, the approval process is quick, with many of the specialty loans having priority turn around due to the time sensitive nature of the events related to these loans.

Military Scoring Model (MSM)

As previously stated, Pioneer Services is uniquely aware of the circumstances that affect a serviceman’s ability to borrow money. It is for this reason they developed the Military Scoring Model or MSM. Pioneer Services uses this to calculate a more accurate risk assessment of the applicant. Traditional credit scoring methods cannot accurately account for the additional challenges faced by most servicemen.

The MSM takes into consideration the mobile nature of military service as well as long deployments and other criteria to make a determination of risk for an application. Civilian credit lenders do not take these things into consideration, basing loan decisions on credit score alone. Pioneer’s MSM allows them to price loans fairly for all servicemen, regardless of their credit score.

Pioneer Military Loan Products allow for servicemen of all ranks and from all branches of services to quickly and fairly apply for loans. The approval process for these loans is more equitable than civilian based loans allowing even military personnel with poor credit ratings to receive loan approval.