Volunteer organization in Virginia offers debt consolidation and financial counseling to veterans and current service members
The last thing our veterans should have to worry about is being in debt. They have served our country and we are indebted to them.
That’s the basic philosophy behind Veteran Relief, a nonprofit lending company started by Cameron Kay, a veteran from Dumfries, Va. Veteran Relief provides debt consolidation as well as small necessity loans to veterans (and current service members) with the sole intent of getting them out of debt. Financial counseling is also available.
“Veteran Relief is a group of veterans and financial advisors who are intent on seeing every veteran and service member get on the right footing, and on track to financial success,” said Kay. “We will strive to keep administrative costs low so we can help as many veterans as possible. We will also help veterans develop sound budgets so they can remain financially stable.”
The organization’s financial advisors are volunteers who are not monetarily compensated for extending loans. Financial counseling is provided through the donation of personal time.
“We are not a bank,” Kay said. “We are not a payday lender. We will not resort to unethical or bullying behavior in collecting on extended loans. We are a team of financial specialists who also happen to be veterans.”
Kay figures he needs about $250,000 to get this project off the ground. In addition to loan extensions, the money will be used to set up a website with a secure on-line portal as well as pay for advertising, social media and legal costs.
In order to generate this start-up capital, he has launched an Indiegogo campaign, which can be viewed at indiegogo.com/projects/military-veterans-relief–2.
Donations of any amount are welcome. Those who pledge $100 or more will be entered into a drawing to win an iPad Retina.
“The impact of donations and the impact that our services will provide are immeasurable,” said Kay. “Those who support this project will be a part in helping our veterans and active servicemen and servicewomen clean up their credit. With their help, veterans will be able to start putting money away for a first home, college fund for their children and retirement.
“Where would we be today without these brave men and women? This is an important project, worthy of nationwide support. Let’s help our veterans in need.”