Growing List of Financial Problems Plagues Military Members

Lynnette Khalfani-Cox -- Military financial problems
Lynnette Khalfani-Cox -- Military financial problems

When aggressive bill collectors recently targeted members of the military with scams and over-the-top collection techniques, New York's attorney general this month issued a stern warning to debt collectors.

Unfortunately, debt collection abuses are not the only financial hazards facing military personnel and their families.

Here are four other money woes confronting those who sacrifice and serve -- and what's being done to help.

1) Housing

Even though the U.S. Department of Veterans Affairs reported an 18% decrease in the number of homeless veterans in 2010, the issue remains a major challenge.

"Over the course of a year, 200,000 veterans are homeless," says Christine Truhe, founder and president of Bonds of Courage, a Summit, N.J.-based non-profit that provides educational, career and financial services to post 9/11 troops, veterans and their families.