Does Aer check credit?

Does AER Check Credit?

Army Emergency Relief (AER) is a non-profit organization that provides financial assistance to active duty Soldiers, retired Soldiers, and military family members facing financial emergencies. AER offers loans, grants, and scholarships to eligible individuals.

Loan Eligibility

AER does not check credit scores when considering loan applications. Instead, they evaluate the applicant’s financial situation, including income, expenses, and ability to repay the loan. This approach ensures that individuals who need financial assistance can access it, regardless of their credit history.

Purpose of AER Loans

AER loans are designed to cover a wide range of financial needs, including:

• Rent or mortgage payments
• Car payments
• Household bills
• Emergency travel
• Medical bills
• Funeral expenses

Repayment Options

AER offers flexible repayment options to accommodate the financial circumstances of borrowers. These options include:

• Allotment (automatic deduction from the paycheck)
• Online payments
• Check/money order

Alternatives to AER Loans

If an individual does not qualify for an AER loan or needs financing for purposes not covered by AER, they may consider the following alternatives:

• Personal loans
• Payday alternative loans (PALs) offered by certain federal credit unions

Conclusion

AER’s mission is to provide financial assistance to military members and their families in times of need. By not checking credit scores, AER ensures that individuals who meet the eligibility criteria can access the financial support they need to overcome financial challenges. For those who do not qualify for an AER loan or need financing for other purposes, alternative options are available.

Sources

• Army Emergency Relief: https://www.armyemergencyrelief.org/news/army-emergency-relief-gives-dollars-to-soldiers/
• AER Loans: https://www.armyemergencyrelief.org/loans/
• Credit Karma: https://www.creditkarma.com/personal-loans/i/aer-loan-army-emergency-relief

FAQs

Does AER check credit?

**Answer:** No, AER does not check credit scores when considering loan applications.

How does AER determine loan eligibility?

**Answer:** AER evaluates the applicant’s financial situation, including income, expenses, and ability to repay the loan.

What types of expenses can AER loans be used for?

**Answer:** AER loans can be used to cover a wide range of financial needs, including rent or mortgage payments, car payments, household bills, emergency travel, medical bills, and funeral expenses.

What are the repayment options for AER loans?

**Answer:** AER offers flexible repayment options, including allotment (automatic deduction from the paycheck), online payments, and check/money order.

What are the alternatives to AER loans?

**Answer:** Individuals who do not qualify for an AER loan or need financing for purposes not covered by AER may consider personal loans or payday alternative loans (PALs) offered by certain federal credit unions.

Is there a limit on the amount that can be borrowed through AER?

**Answer:** No, there is no limit on the amount that can be borrowed through AER.

Are there any fees associated with AER loans?

**Answer:** No, AER loans are provided at no interest and with no fees.

How can I apply for an AER loan?

**Answer:** To apply for an AER loan, individuals can visit the AER Section on a U.S. Army installation or the Military Aid Society Office at the nearest Air Force, Navy, Marine Corps, or Coast Guard location. If located more than 50 miles from these locations, individuals can apply through the American Red Cross.