Debt Management Loan
CGMA supports its members as they work on their financial resilience. The Debt Management Loan helps create the minimum financial condition to allow the client to live frugally while paying off debts responsibly.
Type of Assistance
Start with Your CGMA Rep
Start with your local CGMA Representative
There are more than 600 Coast Guard Mutual Assistance Representatives to help you.FIND MY REPRESENTATIVE
The member must complete financial counseling with
- A Coast Guard Personal Financial Manager (PFM)
- A member agency of the National Foundation for Credit Counseling (NFCC)
Once the member has a budget, an action plan, and a recommendation from the counselor, they can apply for an interest-free loan up to $6,000.