I know Navy Federal is going to advance the pay like nothing has happened.
I know USAA is offering a interest free payroll advance loan that you will have to "apply" for.
People are going CRAZY on USAA's facebook page, how they should do it like Navy Fed is and just give it to you, and that they shouldn't make people apply for a loan. These people are saying that they will leave USAA and go to where they are supported.
My question is-
Isn't Navy Fed also loaning the money, without calling it that? I mean, they're going to expect it to be repaid once military gets their backpay. Seems to me, USAA just worded what it is the right way. Navy Fed IS offering you a interest free payroll advance loan, just like USAA is doing.
No, USAA won't just put the money in your account, because not everyone is going to need it. Navy Fed, even if you have money and don't need the advance you're still going to get it regardless. If you need the money, apply for it. It won't be denied due to credit, it isn't that type of application. USAA is simply going to give you payroll if you are affected, meaning you don't have the means to transfer money from someplace else or don't want to depend on the money you have someplace else.
That is all.
I don't know why people are jumping USAA's shit over this. They're loaning you money, Navy Fed is also loaning you money, they won't give it and expect nothing back in return!!! At least USAA is giving their customers a choice in taking it or not, unlike Navy Fed.
Stay off USAA's back. If I were them, and saw all this complaining, I would take back my offer and tell you tough cookies.