It's like payday loans, only worse: "The effective interest rates charged by pension advance companies can be abusive, Cartwright said. But it is particularly “egregious” that the companies go after military retirees, targeting income streams that are backed by the federal government, he added."
https://www.washingtonpost.com/news...that-is-leaving-some-retirees-deeper-in-debt/
https://www.washingtonpost.com/news...that-is-leaving-some-retirees-deeper-in-debt/