Posted on June 2, 2009 at 12:42 am Would having credit card debts affect one's security clearance?

Posted on June 2, 2009 at 12:48 am As long as you are showing that you are handling your finances responsibly I do not think that it is going to affect your security clearance, but I think that once you start getting behind on your payments, then maybe you would start having issues with it. I am not an expert on this matter though. All I'm saying is, I think you have nothing to worry about yet.

Posted on June 2, 2009 at 4:14 am Unfortunately, having delinquent debts does have an effect on acquiring security clearance. The reason or reasons why an individual isn't able to make regular payments on their debts weigh more than the amounts or type of accounts that are owed. You can read more about the information on this matter here.http://www.clearancejobs.com/news.php?articleID=39

Posted on June 2, 2009 at 4:24 am Oldspies, one way for you to rectify your current situation is to carefully check your credit report for errors. You are welcome to dispute incorrect and inaccurate information included in your credit report. Your clearance application form typically requires at least seven years' worth of financial information, but in the long run all information documented herein may be considered by adjudicators. Take note that information on your investigative consumer report may also be included.Another way to make your debt problems less severe is to also try to consolidate your debts. You may opt to consult a debt counselor, settle your debts, or enroll in a debt management program. You can feel free to fill out the form up top for you to be able to get the help you need, at no extra cost.

Posted on June 7, 2009 at 10:27 pm Military servicemen usually ask this question when they find themselves in a desperate financial situation and/or are considering bankruptcy or debt management/settlement programs.

Posted on June 7, 2009 at 10:32 pm I don't get it. Is it not their personal choice whether or not to enroll in programs that would help them solve their financial problems?

Posted on June 7, 2009 at 10:50 pm Yes it is, but some military servicemen (according to their designation) are given access to facilities and sensitive/classified information, so the responsible and ethical thing to do for a military serviceman  is to inform his/her commanding officer about his/her financial situation (also to avoid breaking loyalty to the military). Officers that find themselves in financial crisis may be excused or are going to be excluded from receiving privileged information and/or duties that have high/top level security tags like for example a special operation.Credit card debts would fall under "delinquent debt," which in the military, is the most common financial concern that prompts a questioning or rejection of security clearances.

Posted on October 9, 2009 at 4:06 am Credit card debts and security clearance issues:Would undergoing settlement or bankruptcy cause the downgrade of the consumer's security clearance?Would debt relief affect the consumer's application, status, or promotion?

Posted on October 9, 2009 at 4:13 am Type of debt - Student loan debt or medical debt... is not as bad on the report as credit card debts. Credit card debts suggest irresponsibility while student loan and medical debts appear to be circumstantial.

Posted on October 9, 2009 at 4:17 am Type of debt - Student loan debt or medical debt... is not as bad on the report as credit card debts. Credit card debts suggest irresponsibility while student loan and medical debts appear to be circumstantial.This is just for military clearance right? For other types of clearance, as long as the consumer is able to clean up his/her report - or was able to get rid of the debt, I think obtaining a clearance is not an issue.