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Friday, May 25, 2018
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Florida starts website to help military personnel with finances

A state website started Monday to help Floridians in the military avoid financial fraud and debt. Florida Chief Financial Officer Jeff Atwater announced that Financial Frontlines was launched in collaboration with Military Saves Week, which runs through Saturday. Go to http://www.myfloridacfo.com/YMM/FinancialFrontlines/default.aspx. The site was set up to provide information and resources to help the stateís 58,000 service personnel, Atwater said. The website includes online training presentations that can be accessed individually or for large training groups.
According to Atwaterís press office, financial trouble has been cited as the top threat to service membersí security clearance. A recent report by the Financial Industry Regulatory Authority found that nearly 27 percent of military families have at least $10,000 in credit-card debt. Military Saves Week, which runs with Florida Saves Week, encourages military personnel and their families to save money and reduce debt. The state Department of Financial Services will host presentations at military bases that are hosting Military Saves Week activities. Topics will include identity theft, credit scoring, budgeting, predatory lending and the Servicemembers Civil Relief Act. Also, a state consumer help line at 1-800-My-FL-CFO (1-800-693-5236) is available from 8 a.m. to 5 p.m. Monday through Friday to respond to questions and complaints relating to 26 lines of insurance.
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