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USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
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Financial Questions & Answers

Financial Questions & Answers

Question:

I have about $10,000 in debt, and I’m looking for a way I can get a loan with a credit score of 555. I want to pay off my delinquent accounts and increase my credit score. Any suggestions? – Robert

Answer:

A low credit score of 555 makes it next to impossible to secure a decent interest rate on any kind of debt. On top of that, with delinquent accounts you have some extra work to do to get all your ducks in order. Consider enlisting the help of a counselor that’s part of the National Foundation for Credit Counseling. Visit their website at www.nfcc.org to find one near you. When it comes to your credit score, paying on time, every time, is the biggest thing you can do to get things headed in the right direction.
Check out the education center at www.myfico.com to learn what determines your score. We think getting help mapping out a solid budget that you can live by and a plan to eliminate your debt may require the help of a third party. It’ll take a while to make yourself an attractive candidate for lenders’ consideration, but hang in there. Good luck.