08-25-2012 03:34 PM
08-25-2012 05:54 PM - edited 08-25-2012 05:55 PM
Having mananged a government organization where all my employees were required to have a national security clearance, here is my view.
You will be asked to fill out a security questionairre prior to their conducting the actual background investigation (BI).
A standard questionairre will usually ask whether you have any old, unpaid delinquent debt.
If you do, be sure to answer truthfully, as they will see it if and when they pull your CR, and a false statement in your questionairre will either lead to a denial of clearance, or if you do receive a clearance and they discover it later, a revocation of your clearance. Deceipt is a death knell for any security clearance.
If you have not paid the debt, chances of approval will most likely be slim. Thus, I agree that you should satisfy the debt prior to the clearance process.
If it is paid, it may or may not affect approval. That is dependent upon their current guidelines relevant to the type and level of clearance. Having been honest and having paid the debt might get you through. Having let it go to the point of charge-ff reflects upon your character, but is no longer a potential for outside coercion, so it is mitigated. The fact that it was years ago may also mitigate any reflection on your current character
As they are likely to pull your CR and become aware of it in any event, my recommended course of action would be to make an initial call to the security office of the government organization that will be administering the clearance process, and ask them if the presence of an old but now satisfied debt will be a show-stopper.
Only they can tell you if that is an absolute basis for denial.
08-26-2012 01:25 AM
08-26-2012 10:30 AM
08-26-2012 12:58 PM
While I have no govt affiliation and cant comment on the others advice I can offer a suggestion reguarding these accounts I know you say ASAP how long? When you contact these CA's or OC's first they will be thrilled to be getting paid on the old debts and in full at that! Use a little negoitiating and try for pay for delete. It also wouldnt hurt if they agree to ask if they can send off the request to delete while still on phone (dont deal with a low level collector request a supervisor). Of course get this also emailed to you A that you paid and B that its requested to be deleted. Then join one of the CR monitoring services that allow daily pulls. You might get lucky. If its not a deal beaker on security clearence and you get PFD's you will be helping your credit score. Good Luck!!!
08-28-2012 04:18 PM
I have been in Navy Recruiting for the last 17 years and withholding information for your clearance is a huge mistake. I would make contact with the creditors. If you have the money do a PFD. If nothing else works you can try to contact the OC and see if they will turn your CO's into an installment loan of some type to remove the CO. With some of the Clearances if you show that you are making payments they will be satisfied.
Hope this helps and Good Luck
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.