Originally Posted by ec_armywife
Hey Gals,
Sorry if my post is all over the place but I'm still getting used to this forum stuff LOL. I have a few finance questions so any that you may be able to answer would be much appreciated 
1) When exactly does a servicemember receive their sign on bonus? I believe it is the first half after graduation and then the remaining half is distributed in even portions annually for the length of his contract, but I wanted to confirm that this is accurate.
2) I know the pay period is the 1st and 15th of each month, but does the Week 0 (Reception week) of BCT count as a paid? My H leaves before the 1st of next month. How long will it take for him to receive pay? I know this varies. I've heard some horror stories but was hoping someone Army might be able to give me their perspective as well (but i would appreciate an answer from any branch, regardless).
3) How long does it take for BAH to kick in? We are flat broke. I got laid off and don't make enough on unemployment to pay the rent on my own so we are really relying on BAH but I've heard it takes a while...anyone have any idea how long? (Can't use credit cards since they are maxed out)...so yes, flat broke! 
4) Is it possible for credit card companies to put a hold on an account (not very familiar with these either)? Basically- do you think we could inform them that pay might be delayed for him and ask that they not charge interest for that month or make a note on his account? 
Thank you all so much in advance for any future responses. |
I'm short on time, so hopefully someone else can help you with the other questions, but for #4...call and ask about the Service Members Civil Relief Act. Usually they will have you fax a copy of his orders or enlistment papers. Once it's approved it will lower your interest rates to 6% plus quite a few other things. Quite a few of our cards dropped to 0% and no minimums while DH is active.
ETA...some people may refer to it as the Soldiers and Sailors Civil Relief Act