Security Clearance Debt Concerns & Solutions (Intro) by Jeff Burch
Posted on Thu, Dec 22, 2011
INTRODUCTION
A security clearance is a status granted to individuals allowing them access to classified information, i.e., state secrets, or to restricted areas after completion of a thorough background check. Additionally, a security clearance can be a lucrative commodity to retain after service separation for future employment opportunities.
To apply for Military Security Clearance one must fill out and complete Standard Form 86 (www.opm. gov/Forms/pdf_fill/SF86_July2008.pdf).
Included in the SF 86 questionnaire is Section 26 that concerns your financial records within the last 7 years, and asks for full disclosure of all financial obligations, including those in which you are a cosigner or guarantor. Questions asked pertain to bankruptcy, repossessions, liens, unpaid judgments, wages garnished, 90/180 days current or past due/delinquent accounts, etc. Dire consequences may come about if discrepancies arise.
Example: A soldier marks "no" to all Section 26 questions, assuming he had paid all his bills on time, never been late, etc. But 3 years prior when splitting a townhouse rental with 3 other people, the cable was in his name. When he moved out, he told the roommates to return the cable box. They never did and the cable company marked him down for an unpaid return 3 years ago. Fast forward 5 years and the US Government pulls his credit and sees the discrepancy. The soldier has lied (unknowingly) on his SF 86 and they discharge him from service.
Security Clearance Debt Concerns & Solutions by Jeff Burch will continue tomorrow on the Trans World Assurance Blog with Part 1 - Concerns and issues that can occur if you're not proactive with your security clearance.