swanky

Debt validation letters will not help unless you have some reasonable justification on why the debt is not yours. You would need a police report claiming identity theft or something like that. In fact I would go so far as to say that it would hurt more than help since it would look like you are avoiding responsibility for your actions. They will want to see written documentation from your creditors on some sort of payment plan or at least an attempt at making these debts right. If you go back through the case files you will definitely see that people who are making a good faith effort to take care of debt have a really high rate of approval.

I guess it all depends on how much you want the job. If you really want it then I would do what they are asking for. If you read through the case files (which it seems like you have) then you will notice that the main criteria is that you are making some sort of progress towards resolving your debts. There is no guarantee that you will get a clearance but usually if they are willing to work with you than that is a positive sign. You just have to meet them halfway. Also you will have to face these issues and resolve them anyways...why not now?

Oh and it is also time for her to take care of her own bills again so that she knows exactly what is going on...

Her credit is not ruined. She will be OK. Work with the Student Loan folks but no matter the outcome that little bump will not hurt her as far as her clearance.

I have it for both of my kids and I LOVE it. I do not have it set for ATM withdrawels. I can see how they spend every cent and then go over it with them. It forces them to budget and make their money last. Plus I can load money onto it from anywhere in the world that has access to a computer.

I hear you. Kind of interesting that a lot of the adjudicator's mention BK as a positive step towards cleaning up debt problems. Glad to see that some see it the way it was meant to be used.

Call me crazy but if it was my debt and I had the money to pay it, I would.

If you are talking about security clearance than I would definitely get on it now. They will want to see that you have been making a good faith effort to pay it. If you wait until you submit your E-QUIP then it will be even worst. I have a thread down in the military forum that you would probably be interested in. It is called "Getting a Clearance with Bad Credit" Good luck

I see a difference. Landlord- universal issue- e.g., can all tenants pay. Job- not a universal issue- ex., copy guy making minimum wage who had some baddies 5-6 years ago + never has any contact/way to get any access to anything remotely related to finances? Probably NOT such a huge need to run a credit check there as his job has nothing to do w/finances + his past credit mistakes really don’t have any bearing on how well (or poorly) he can copy documents. Now, Controller who signs all the checks/takes all the incoming $ to the bank/knows everything about a company’s finances? Yeah, a credit check is probably a wise thing to do there as clearly his job has quite a bit to do w/finances + it probably helps to know whether he was fired for embezzling/is in massive debt. We disagree. I have no problems with that.

Thanks, Seems the main things are: 1. Do not wait until your security application is submitted to start doing something. They want to see that you are working on it prior. 2. Do not EVER EVER lie about debt on the application. That is so much worst then the debt itself.

The same way a Landlord would be crazy not to check a prospective tentant's credit applies to a prospective employer.

Found this site on the internet. Hope this helps those worried about getting a security clearance with bad credit. You will see that you can have AWFUL credit and still get a clearance. Lie on your application and it is all over. Security Clearance Cases

Congrats!

I can think of PLENTY of jobs that should require a credit/background check... ANY job that involves a security clearance ANY job that deals with money ANY job that deals with prescription drugs etc, etc. Nothing wrong with having bad credit, just got to be honest about it.

Not sure how relevent this is but this is what Experian said on my CR: Finally got my Experian Credit Report Spotless. Equifax should be done in a few days and TU the first of March. 1. You have paid your bills on time You have paid your bills on time and currently do not have any overdue accounts or derogatory information, such as a collection, charge-off, or bankruptcy, on your report. 2. You have a low balance-to-limit ratio You have a good cushion of available credit between your current balance and your credit limits on all open trades. This has a positive affect on your credit score. This cushion shows lenders that you are unlikely to overextend yourself financially. 3. You have a low balance-to-limit ratio The total balance on all your credit cards is relatively low compared to your total available credit limit. This has a positive impact on your credit score. 4. You have two or more major credit cards open You have at least 2 or more open major credit cards, such as Discover, American Express, VISA, or MasterCard, on your credit report. This often tells lenders that you are a responsible borrower and they may be more likely to see you as a good credit risk and extend you credit. 5. You have no public records Your credit report does not contain negative public records, such as a bankruptcy, lien, lawsuit or judgment filed within the last two years. This is having a positive impact on your credit score. Public record items may remain on your credit report for 7 to 15 years, depending on the item. 6. You have a high credit limit Your average credit limit for your major credit cards, such as Discover, American Express, VISA, or MasterCard, is high. This tells lenders that you have enough financial experience, and they will be more likely to see you as a good credit risk. 7. You have no negative factors