Before I finished up college and started on my professional career path, I made a few blunders credit wise. Before this time I had already received a Secret Security Clearance, which is good for 10 years. A few years ago I transferred to the IRR in a non-participating status and now am switching back to a participating status, but my security clearance expires before everything will be finalized. My charge offs on my credit report look like they are from 2009. I have three which have been labled as charge offs and sold to other comapanies who are contacting me and showing up on my credit report. I have some delinquent payments in the last two years (not a lot,, but like 3). Some of this stems from when I was unemployed. I'm worried about all of this affecting my ability to renew my security clearance. My questions are will this lead to a denial of a secret security clearance and is there anything I can do to prevent the denial or have a local commander overturn the denial?
Oh, the debts are all open/revolving account related. I am currently $69,699 in debt, but only $1500 is charge off and is between 3 companies, all of which have sold it to collectors. Any help or info is appreciated.
In short, you're going to have a problem.
The extent of that problem is for the clearance process to sort through, but you debt load far exceeds the minimum standard for triggering "interest" in financial issues.
Here are some of the words that may or may not apply to your situation...
"If the subject’s credit report reflects current delinquencies (120 days or more) on combined delinquent debt totaling $3,500 or greater, OPM will obtain specific releases as necessary and obtain pertinent information from individual creditors to whom $1,000 or more is owed, including civil court actions such as judgments and liens in which subject is the defendant."
This isn't to say you won't get a clearance, but I suspect if you do it won't be easy.
Only $1,500 is delinquent debt and to no individual company is it greater than $500.00. So, by the source you have cited, I would say I might be in the clear? The rest of the debt is up to date and consists of a vehicle loan and student loans.
What are you citing for this information or regulation? Thank you.
US Air Force
OPM Federal Investigative Notice 10-07, dated 29Aug2006
The plural of 'anecdote' is not 'data'. ~Roger Brinner
You have to discover
Spam removed. Spammer too.This message has been edited. Last edited by: YooperTJ,
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