Loans

[secondchancers]

Hey everyone.  Just need another question answered.  Tried searching through all ready but I don't know If I was able to query what I was looking for correctly.

My wife and I have a small loan for consolidation purposes.  She is worried that if she has to leave her job we will struggle making the payments twice a month to get this thing paid off.  It's not a huge amount and there's only another two years left on it. 

I heard awhile back that the CF has some type of a financial program in place.  They will buy out your outstanding loans and allow you to set it up differently to come off your pay.  Is this completely out in left field or is there some type of truth?

Thanks!

 

[PMedMoe]

Well, they still have CFPAF (Canadian Forces Personal Assistance Fund) loans.  According to the website here you can apply  after you have one year of service.

 

[aesop081]

I heard awhile back that the CF has some type of a financial program in place.  They will buy out your outstanding loans and allow you to set it up differently to come off your pay.  Is this completely out in left field or is there some type of truth?

The Cf does have certain financial programs available through SISP but those will not be available to you on day one of basic training so my advice to you is to make sure you have you financial shyte together before you start training.