Financial Issues and SecurityClearancesTop financial issues and what to do about them
Why is debt a problem?Financial considerations come into play in securityclearance adjudication because most individuals w...
Top Financial IssuesThe major financial issues are:1. Compulsive/addictive behavior2. Deceptive/illegal financial practice...
Delinquent Debt: Adjudicative factorsIn making a clearance decision, these factors areconsidered:• Cause of debt• Response...
Response to DebtClassic indicators of irresponsible or unethicalbehavior are:• Changing addresses without notifying credit...
What Can I Do if I Have Financial Issues?1. Deal with any financial issues responsibly. Seek   professional assistance and...
For more information visit:http://www.clearancejobs.com/cleared-news/39/the-impact-of-delinquent-debt-on-security-clearanc...
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Financial issues and Security Clearances

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Debt and financial issues are now the number one reason for security clearances to be denied for revoked. Debt alone isn't likely to result in clearance denial, but the cause of the debt, and an individual's efforts to solve problems, will be taken into account.

More on delinquent debt and security clearances: http://www.clearancejobs.com/cleared-news/39/the-impact-of-delinquent-debt-on-security-clearances

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Financial issues and Security Clearances

  1. 1. Financial Issues and SecurityClearancesTop financial issues and what to do about them
  2. 2. Why is debt a problem?Financial considerations come into play in securityclearance adjudication because most individuals whobetray their country do so for financial gain.
  3. 3. Top Financial IssuesThe major financial issues are:1. Compulsive/addictive behavior2. Deceptive/illegal financial practices3. Unexplained affluence4. Delinquent debt Most financial issues come down to high debt to income ratio and excessive indebtedness
  4. 4. Delinquent Debt: Adjudicative factorsIn making a clearance decision, these factors areconsidered:• Cause of debt• Response to debt• Amount of debtCause is generally more important than amount,because it points to trustworthiness and judgment.
  5. 5. Response to DebtClassic indicators of irresponsible or unethicalbehavior are:• Changing addresses without notifying creditors• Failure to take reasonable measures to pay or reduce debts• Knowingly issuing bad checks• Increased credit card use immediately before filing for bankruptcy
  6. 6. What Can I Do if I Have Financial Issues?1. Deal with any financial issues responsibly. Seek professional assistance and credit counseling if necessary. Declaring bankruptcy will not automatically cause a clearance to be denied or suspended.2. Debt alone will not automatically cause a clearance denial, even excessive debt. What matters is that you’re able to explain your current debt situation and have a plan for paying it off. The type of debt (credit card versus mortgage) also matters.3. If you experience financial issues while possessing a security clearance, report any ongoing issues with your security officer.
  7. 7. For more information visit:http://www.clearancejobs.com/cleared-news/39/the-impact-of-delinquent-debt-on-security-clearancesFind your next cleared job at www.clearancejobs.com

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