Clark recently had annual training for his defense force position. He was at Fort Stewart in Georgia and he noticed tons of pawn shops, quick cash businesses and several bankruptcy attorneys on the way into the base. Why? Lenders are taking advantage of young recruits, lending them money at interest rates of 400 and 600 percent. These young soldiers borrow money at an outrageous interest rate and are unable to pay it back so they go into bankruptcy. The good news is that a new law will soon go into effect that caps the interest rates that soldiers and sailors can be charged at 36 percent. The law will go into effect in October of this year. So, for nine more months, soldiers and sailors can legally get ripped off. Make sure your loved ones know about these loan sharks and about the new law.