We Speak Veteran™

Veterans Advantage Financial™

We Speak Veteran™

Certified Medicare Insurance Planner™* | Retirement Income Certified Professional®*

Medicare | Retirement | Life Insurance | Veterans Only

Table of Contents

What Is A VA Hardship?

When it comes to getting our veterans the benefits they deserve, there can be a lot of confusion about what is available and how to go about getting it. Today we will be talking about one specific program: VA hardship. What is a VA hardship, and who is eligible for it?

A VA hardship is a situation that a veteran may find themselves in that adversely affects their financial well-being. VA has put in place several programs to help veterans who are experiencing hardship, including the Hardship Loan Program and the Special Hardship Authority.

We’ll explain a VA hardship and how you can apply for it. We’ll also share some of the eligibility requirements and the benefits available through the program. So, if you’re a veteran facing financial difficulty, this post is for you!

What Does the VA Consider Financial Distress?

The VA considers financial distress any situation where a veteran struggles to make ends meet. This can include things like being behind on rent or mortgage payments, facing eviction, or having utility bills that are past due. If you are a veteran in financial need, you may be qualified for the VA’s Hardship Loan Program. This program provides low-interest loans to veterans struggling to make ends meet. The loan can be used to pay rent, catch up on mortgage payments, or pay utility bills. You can contact your local VA office or the VA’s website to apply for a VA hardship loan.

In addition, the VA maintains a program known as the Special Hardship Authority. This program is for veterans who are facing extreme financial hardship. Veterans must have a household income that is less than the poverty line to be eligible for this program. Veterans who qualify for this program may receive grants of up to $1,500 per month.

Services are available to assist veterans trying to make ends meet. The first step is to contact your local VA office or the VA’s website to learn more about the available programs.

How Long Does a VA Hardship Take?

If your initial application is expedited, you will likely receive a decision faster than the average of 110.9 days. However, if you are approved for an expedited appeal but your VA disability was denied, the process can be lengthier than anticipated, taking anywhere from 30 days to a few years. The time it takes for your particular case depends on which appeals process is necessary.

What is the VA Hardship Loan Program?

The Hardship Loan Program is a financial assistance program that helps veterans with emergency expenses. The loan can be used for car repairs, house repairs, medical costs, and other unanticipated expenses. The loan amount is determined by your need and capacity to repay. A hardship loan can be applied for online or by mail.

What is the Special Hardship Authority?

The Special Hardship Authority program allows veterans to borrow money from the VA to pay for things like food, shelter, and utilities. If you are a veteran struggling to make ends meet, you may wonder if you qualify for a VA hardship. The first step is to understand what a VA hardship is and how it can help you. A VA hardship loan is a type of loan that is specifically designed to help veterans.

What Happens When You Claim Financial Hardship?

When you file a claim for financial hardship, the VA will examine your case to see if you are qualified for assistance. Several programs are available, including the Hardship Loan Program and the Special Hardship Authority. If you are eligible for assistance, you will be given a loan or grant to help you pay your bills. 

Some examples of financial hardship include:

  • Financial difficulty.
  • Experiencing unexpected expenses
  • Having high medical bills
  • Not being able to pay your rent or mortgage
  • Being unemployed

Can You Get VA Benefits With a Hardship Discharge?

The Veteran’s discharge or service must be honorable to receive VA compensation benefits and services. A hardship discharge from the military is usually given to those with personal or financial problems beyond their control and interferes with their ability to perform their duties. Each branch of the military makes the decision to award a hardship discharge on a case-by-case basis. If you were discharged due to a hardship, you must provide documentation of the hardship to the VA when you apply for benefits. The VA will then review your case and determine your eligibility for benefits.

What Happens if You Owe Money to the VA?

If you are a veteran who owes money to the VA, you may be wondering if you can still qualify for a VA hardship loan. The answer is yes – you can still qualify for a VA hardship loan even if you owe money to the VA. However, there are a few things you should bear in mind.

First, it’s essential to understand that a VA hardship loan is not a debt consolidation loan. This means that the VA will not pay off your existing debts with this type of loan. Instead, the purpose of a VA hardship loan is to help you get back on your feet financially so that you can start paying off your debts.

Second, while you can still qualify for a VA hardship loan if you owe money to the VA, you may not be able to get as much money as you need. The loan amount will be based on your current financial situation and your ability to repay the loan.

If you are a veteran struggling financially, a VA hardship loan can be a helpful way to get back on track. First, however, it’s important to understand the terms of the loan and to make sure that you can afford the payments.

Make Appointment with Chris Duncan

Scroll to Top