Hello everyone! I have a question in regards to my husband gaining a top secret security clearance. He's been in the Army for 13 years and has just become a platoon sergeant. He already has a secret clearance but with the new position comes a new requirement. We have a high debt to income ratio because of credit card debt (about $26k). None is past due or in collections, only one late payment from six years ago (only 30 days and i'm working on getting it removed from our report), we have plenty each month to make our payments (with enough left over to support our family) and are currently working to pay them down now that both of our cars are paid off. There are two cards that we have that when I pulled our credit reports today show as $50 over the limit, but I took care of that this afternoon.
The investigators have already called to set up his interview, so I know the process has been started, but i'm wondering if our current debt-to-income ratio will get him denied? There are no other negative factors in any other areas of his life.
I understand it's impossible to give a yes or no answer, but any constructive advice would be greatly appreciated!
Air Force here; but you say he has been in for 13 and has a current secret clearance? If the past blimp was 6 years ago; that means it would have been there 3 years ago when he had his PR for his secret, also I am assuming this debt was there the last time he had his PR, no?
I am going to go out on a limb and say he should be fine. While your credit card debt is on the excessive side you are showing you are being responsible in paying the bills you accured. Personally, I have never known a person to get denied simply based on having too much credit; in most of the situations where I have known someone to be denied, they almost always have had other issues; be that deliquent debt or other security related issues.
While I know a secret and a TS are different, they both have the same guidelines they have to follow.
I really think if you truly have not been late and are current and paying as agreed and have no other issues on his files he *should* be OK. The only difference is they may question him on it, whereas with a secret they probably wouldn't since you don't typically have a interview for a secret.
I don't know if you know him; but William H. Henderson writes a lot of online blogs about security clearances. He is a retired investigator.
Google him. He even states that while excessive debt and high debt to income ratios are a cause for concern, they most often aren't concerned if there isn't any other issue.
I think the most he may have to worry about is just them asking about it and wanting to know the plan on getting them paid off so you don't run into any future problems with unpayable debt.
One problem no one is discussing is when some one has a position is laid off and trying to get a new position. When bills were being paid prior to the lay off and now can't be paid because of the lay off. How do employers look at that. This should not be looked at negatively as it was not intentional but because of a corporations act and a down turned economy. What can a person do in that situation?
|Powered by Social Strata|