Pre-Deployment Tips

You can take steps to protect your finances and credit while you’re protecting our country. Before you ship out on a military deployment, read these tips and talk with your family.

Get your financial house in order

Make sure your financial records are accurate and up-to-date. This means giving your husband, wife or designee (who will be paying the bills for the next several months) all bank account and credit card numbers, a record of assets and outstanding debts, a list of typical expenses such as rent and utilities, and all phone numbers and addresses necessary for dealing with financial matters.

Consider granting a power of attorney

Granting a power of attorney to your spouse or another trusted family member will allow that person to handle financial matters in your absence. They’ll have the legal right to sign important papers and take other actions on your behalf. Military installation legal assistance offices can help service men and women set up a power of attorney.
Power of attorney gives the person considerable authority to spend your money and take on new debt in your name. If you aren’t comfortable granting that much control, the power of attorney can be limited to a specific area of your financial affairs. It can also be limited to a certain period of time.

Take care of taxes

Before deployment, decide how your taxes will be filed and who will file them. If your spouse will be taking on tax duty for the first time, make sure he or she has all necessary documents.

Guard your identity

There’s another threat that you may face while serving your country—the threat of identity theft. The risk of identity theft can be higher while you’re on active duty because it can be more difficult to watch over your credit. Take steps to protect your identity. If you have become a victim, Mississippi law allows you to place a security freeze (Miss Code 75-24-201) that will stop credit reporting agencies from releasing any information about you to new creditors without your approval. That can stop identity thieves from further damaging your good name. An Active Duty Alert is another way of getting protection against identity theft while you are away from your usual duty station.

Know your rights as a renter

Federal law allows military personnel who receive military orders for a permanent change of station or to deploy with a military unit, or as an individual in support of a military operation, for a period of not less than 90 days to terminate their lease. Please refer to the federal Soldiers’ and Sailors’ Relief Act (SSRA) for more details regarding your rights.

We Can Help

Contact us to report a scam by calling 1-800-281-4418 within Mississippi or 601-359-4230 if you are elsewhere.

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