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In Group 2013 QuickCompass of Financial Issues

Details

This report contains tabulations of responses from the 2013 QuickCompass of Financial Issues (2013 QCFIA) conducted September 5 to October 22, 2013. The purpose of this survey is to collect information to assist in the DoD analysis of whether changes to the DoD rules implementing the Military Lending Act (MLA) are necessary to protect MLA covered borrowers from continuing and evolving lending practices. Specifically, active duty members were surveyed to assess 1) attitudes towards the use of credit and broader limitations on high-cost credit; 2) frequency and purpose of the use of high-cost credit products; 3) extent of the use of certain high-cost credit products not currently covered by the MLA rules; and 4) the potential impact of broadening limitations for credit on members’ ability to manage their finances.
Fielding Year: 2013
Topic: Financial Well-Being
Produced By: R&R
Document Type: Tabulations of Responses
Population: Active Duty
Product ID: OPA Report No. 2013-056