What is the Servicemembers Civil Relief Act (SCRA)?
The Servicemembers Civil Relief Act (SCRA) is a federal law that protects military personnel and eligible military dependents, by allowing them to ease financial burdens, like debt, so they can devote their energy and attention to the needs of our country.
Who is eligible for SCRA benefits with Best Egg?
Servicemembers and/or their dependents who have received Orders and became Active Duty after they have received their loan may be eligible to receive SCRA benefits.
What benefits will someone receive on their Best Egg loan?
If eligible, servicemembers and/or their dependents will receive these benefits:
- Your interest rate will be lowered to 5% for the life of the loan
- Late and insufficient funds fees will be waived as of the active duty start date
How do I request to receive SCRA benefits from Best Egg?
Please send a copy of your Orders to one of the following:
- Email: LoanServicing@bestegg.com
- Fax: 866-311-3423
PO Box 42912
Philadelphia, PA 19101
We will reach out within 1-3 business days with the result of your request, details of your benefits if eligible, or if we have any questions.