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Warning! 3650% APR |
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Written by Josh
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Sunday, 02 October 2005 |
It is a week until payday, and Lance Cpl. Joe
Schmoe has found himself between a rock and a hard place. He’s spent
the last of his money, but hasn’t filled his car up with gas to get
back and forth to work.
No need to fear, on fumes he coasts into the local payday advance
lender. What he doesn’t know is the $100 he just borrowed is coming at
an extremely high price.
If he borrows $100, pays a $10 fee and pays it back in a day, it comes
out to a 3,650 % annual rate, according to the APR schedule. The APR
schedule calculates rates based on 365 days, amount advanced and total
fees.
Most cash advances take the money out of your account on payday. In
this case, that would make the $100 loan have a 521.43 % APR over a
seven-day period, according to the APR schedule.
“It is quick, easy money. There is no need for credit, because they
have your post-dated check,” said Paul Velanger, director of Navy
Marine Corps Relief Society, Pearl Harbor. “They know they will get
their money.”
The real problem lies beneath the surface.
“They aren’t addressing the real problem when they use payday
advances,” said Ed Josiah, a Personal Financial Management Counselor at
Marine Corps Base, Hawaii. “They are addressing the symptom.”
Both Velanger and Josiah agree payday advances become a vicious cycle.
“They get the loan, but don’t address what is causing the problem, and
then they have to do it all over again next payday,” said Josiah. “They
don’t understand the cost of ownership.
“They may think that they can make a $300 car payment, but they don’t
think about the costs of owning that car,” he added. “They don’t
account for insurance, gas and registration.”
Josiah goes on to explain that Marines should really take a look at
what they are spending their money on. He gave percentages to help
Marines take a look at their spending.
“At a minimum, they should put 10 percent into savings. Marines
shouldn’t spend more than 70 percent on living expenses,” said Josiah.
“Living expenses should include food, shelter, transportation,
childcare and utilities.”
He then went on to explain what limits Marines should set for their credit spending.
“They shouldn’t spend more that 20 percent on their credit debt. If
they are, they should really take a look at what they have,” said
Josiah. “Often, they use the credit card the same as a payday advance.
They use it to fill the gap.
“Their credit cards end up being a crutch,” He added. “They should really come by my office or seek financial services.”
Free services are afforded at both NMCRS and the Marine Corps Community Services, Personal Financial Management Program.
“We are not here to tell someone how to live,” said Josiah. “We point
out areas of concern. We are here to give them advice and the tools
necessary to get out of debt. If they need more extensive help, we can
refer them to credible agencies.”
Josiah warns Marines thinking about going online to fix their debt.
“They don’t know who is on the other side of the screen. They prey on those who are desperate,” Josiah said.
Velanger added, “Online lenders are the same ball game as payday advance. They average 300 to 500 percent.”
“Whether Marines are in financial trouble or not we encourage them to set a budget,” said Velanger.
He added, “Not only do we offer counseling for service members in time
of need, we do budget counseling and also baby budgeting for expecting
parents.” |
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Never too Late to Enlist |
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Written by Josh
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Sunday, 02 October 2005 |
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More than 16,000 chubby, skinny, short, tall, adopted brothers, fathers,
cousins, nephews, sons and uncles will come through the depot this fiscal year.
Waivers for law infractions, weight problems and sometimes height, might be
necessary to send a man on his way to training, but rarely does one need an age
waiver.
As the oldest man graduating from Company M, Pfc. David M. Lueck, Platoon 1112,
made up his mind, after ten years of doubts and maybes, to join the Marine
Corps.
For a man or woman to join without a waiver, you must be between the ages of 17
and 28. Lueck is 33.
Another difference between the Wisconsin native and his peers is his extended
education. The Ripon College graduate left school with a degree in biology and
education. At 24, he did not know which direction he was headed, but he did like
to teach, according to Lueck. Nine years later and still thinking about the
Marines, Lueck decided to go for it.
His decision was as much a surprise to a few other people as it was to himself.
"We were eating dinner and all the sudden he said, 'Oh yeah, I joined the
Marines,'" said Maureen Wades, Lueck's girlfriend.
"I thought about it for a long time, probably about eight or 10 years," said
Lueck. "Finally, just one of those days I guess, I realized the desire to do it
never went away. Seems like it's the right thing to do."
Apart form raw desire, other factors influenced Lueck's choice.
"Growing up in a small town, you live a pretty sheltered life," he said.
Lueck graduated from Green Lake High School in 1990. His senior class was made
up of 29 people.
In the nine years that Lueck spent in between college and the Marine Corps, he
was substitute teaching at middle schools and junior high schools. Even during
college he had an apprenticeship with the coach there. He assisted with football
and basketball coaching.
When the time came to go, Lueck was expecting nothing. After all the
explanations of recruit training, Lueck decided to make his own opinion based on
experience.
"You can only prepare so much. You have to live it to understand it," said
Lueck.
Lueck said the physical training wasn't as hard to him as it was for some of the
other recruits, but the change in atmosphere was definitely something that he
was not ready for.
"One of the hardest things for me is just that I have been on my own for so long
and now everything is regimented," said Lueck. "For someone who has been
independent for so long, it is difficult to adjust, especially for someone who
is older and pretty much set in his ways."
Lueck's senior drill instructor appointed him as the platoon guide for the first
couple weeks of training. Not long after, Lueck realized that there was somebody
better for the job. Lueck found that adapting to the boot camp environment would
be difficult enough without taking on the added responsibilities of platoon
guide.
Things fell into place once the company arrived at Marine Corps Base Camp
Pendleton, Calif., for field and rifle training, according to Lueck.
"Things became faster paced, but you are used to it by then," said Lueck. "It
makes you tired, but it makes the time go by really fast."
Second phase of training was over in four weeks, then the company came back to
the depot to finish the recruit training.
"I noticed that we are given a little more freedom, but we are also expected to
perform at a higher level," said Lueck.
Seldom were the moments during boot camp when recruits got a chance to catch
their breathe. Lueck found himself thinking back to his freer days back in
Wisconsin.
"Your schedule is completely set from the time you wake up to the time you go to
sleep," said Lueck. "There are times when I miss the life I had, but I never
regretted coming here."
Joining the military was tough decision, but joining the Marine Corps seemed
like it was the right decision, according to Lueck, who enlisted with the Marine
Corps reserves infantry unit out of Madison, Wis.
"Well, it's obvious that I will be going to Iraq and clear that I will be going
to war," said Lueck. "It is scary, but my desire to be here helps, and while it
is scary, it is also the reason I am here."
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Marines Honor Fallen Comrads |
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Written by Josh
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Thursday, 22 September 2005 |
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It was a sight to see — grown men getting misty-eyed together without
an ounce of shame. For veterans like Elmer J. Dapron who gathered with one
another, it went far beyond a ceremony for a monument.
World War II veterans from around the country assembled to dedicate a monument
and hold a memorial service here in honor of the 4th Marine Division Sept. 8.
“With all the changes that have taken place in the Marine Corps, the only thing
that hasn’t changed is the Esprit de Corps and the Semper Fidelis … it’s not
just a slogan, it’s in your heart and soul and that will never change,” said
Dapron, formerly of the 10th Amphibian Tracker Battalion, “Because of our
mortality, every time we are together it seems more important than the last.”
Approximately 400 veterans and their families gathered at the South Mesa staff
noncommissioned officer’s club to recognize the achievements of, and remember
their lost comrades from, the 4th Marine Division. This visit marked the 60th
anniversary of the deactivation of the division.
During the four operations in which the Division was engaged, approximately
82,000 men saw action one or more times. Out of this number 17,722 were killed,
wounded or went missing in action.
The group of overwhelmed veterans toured Camp Pendleton for five days to take a
look at the many changes that have taken place since their days in the ranks.
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Last Updated ( Thursday, 22 September 2005 )
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Military Tracking Course |
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Written by Josh
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Friday, 09 September 2005 |
Fifteen snipers and mortarmen with 2nd Battalion,
4th Marine Regiment, Battalion Landing Team, 31st Marine Expeditionary
Unit, learned how to identify these subtle signs during the Military
Tracking Course at the Jungle Warfare Training Center Aug. 21-Sept. 3.
Freshly broken twigs, dew rubbed off stones and overturned leaves on
the jungle floor are standard signs observed while tracking people in
the jungle.
"The course teaches our service members the basic skills of tracking,"
said Lance Cpl. Jordan R. McInerney, a tracking instructor. "If we go
to war in a jungle environment, they will be able to survive."
The tracking course here has been available since Feb. 9, 2003. JWTC
began offering the course after the Jungle Operations Training Center
on Fort Sherman, Panama closed in 1999.
During 14 days of training, the Marines received four days of classroom
instruction and ten days of practical application training.
In the classroom, Marines learned tracking terminology, techniques and
observation methods, explained Lance Cpl. Aaron R. Mastro, a tracking
instructor with JWTC. The students must pass six written tests in order
to advance to the practical application portion of training.
During the practical application portion of the training, two groups of
four students fled into the jungle, serving as "rabbits." Once the
rabbits reached their objective, they radioed the other two groups of
three and four students and told them to begin their search.
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