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Subjects>Law & Government>Governmental Structures

How much debt will disqualify you from getting a security clearance?

Anonymous

∙ 12y ago

Updated: 10/16/2024

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Q: How much debt will disqualify you from getting a security clearance?

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Related Questions

Does a debt collector require to have a security clearance?

Yes, at least in Canada!

Can you still get nbi clearance without record eventhough you have debt from credit card?

yes!

If you have a lien on your home and you lose your home do you still have to pay?

Yes. The lien is simply a method by which a debt is secured. If the lien is on the house and the house is lost, the only thing the creditor loses is the security for the debt. The debt remains payable. If a person buys a house and borrows $100,000 to help pay for it, that person signs a promissory note to establish the debt and signs a mortgage to establish the bank's lien on the house as security for the debt. If the house burns down and there is no fire insurance, the bank has lost the security for the debt but it has not lost the debt. The mortgage (security) is useless because there is no house, but the promissory note (debt) remains in effect.

Can credit card debt collectors go after your social security check?

Credit card debt collectors typically cannot go after your Social Security check to collect the debt. Social Security benefits are protected from most types of debt collection, including credit card debt, under federal law. However, if you co-mingle Social Security funds with other money that is not protected, it may become harder to prove which funds are exempt.

Is it possible for a debt collector to garnish your social security earnings when you're past retirement age?

A debt collector can not garnish social security benefits. Not unless your debt is to the Federal Government. That violates violates Section 207 of the Social Security Act (42 U.S.C. 407).

Accounting-what is a collateral security?

Lying alongside a debt

Can your Social Security payments be garnished to pay credit card debt?

No. SS, SSD or SSI benefits are not subject to garnishment for creditor debt.

If you file bankruptcy will you lose your security clearance?

Not necessarily. Every agency is different. Bankruptcy may fall under 'maturity' in the suitability factors for holding a clearance. There may be a concern that you are vulnerable to coercion. If bankrupt the agency may put you on 'aftercare'. This means at certain intervals you will need to prove to the agency via documented evidence that you have your finances under control and that any debt is being reduced.

How is getting out of credit card debt possible?

There are companies that offer assistance with getting out of credit card debt. It is possible to get out of credit card debt by carefully watching spending and managing income and expenses, then slowly paying off the debt.

When is the acquisition of personal debt economically wise?

The acquisition of personal debt is wise if it results in long-term savings and security.

Can you use the word debt in a sentence?

yes "I am having a hard time getting out of debt."

Debt Financing ?

form_title= Debt Financing form_header= Get control of your debt with financing help. How much are you in debt?*= _ [50] Have you ever worked with a debt financing company?*= () Yes () No How do you plan on getting out of debt?*= _ [50]

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