Can You Get Security Clearance With Debt?

How much does a security clearance cost?

The average cost to process a SECRET clearance can run from several hundred dollars to $3,000, depending upon individual factors.

The average cost to process a TOP SECRET clearance is between $3,000 and about $15,000, depending upon individual factors..

How much is too much debt for a security clearance?

Now, is your DTI considered good? Many objective sources use “no more than 35%” as their “good” debt to income ratio.

How far back does secret clearance go?

The clearance process for Secret level access uses an investigation called the National Agency Check with Law and Credit that goes back five years, while the clearance process for Top Secret uses a Single Scope Background Investigation that goes back ten years.

What percentage of security clearances are denied?

myth #1: Many security clearances are denied. Peregrine noted the rate of security clearance denials is incredibly low. Less than 1% of security clearances investigations result in denial. Individuals may not be eligible for an interim clearance, and they may have significant issues that need to be mitigated.

Do security clearances check Internet history?

Your Browser History is Not a Factor for Your Security Clearance. … Policy has been updated to include the option of searching public-facing social media sites as a part of the security clearance investigation process, but it’s worth noting that the government is not currently doing that.

Can you get a secret clearance with bad credit?

Imperfect financial circumstances, such as bad credit scores, can have a negative influence on your application and potentially cause your security clearance to be denied. However, the dollar amount associated with your financial troubles is usually less important than the reasons behind your financial situation.

How often are security clearances denied?

The Central Intelligence Agency (CIA) denied 8.5% of applicants and revoked clearances from 0.5% of holders.

What is required for a security clearance?

A Secret clearance requires a NACLC, and a Credit investigation; it must also be re-investigated every 10 years. Investigative requirements for DoD clearances, which apply to most civilian contractor situations, are contained in the Personnel Security Program issuance known as DoD Regulation 5200.2-R, at part C3.

What disqualifies you from secret clearance?

Conditions that could raise a security concern and may be disqualifying include: A history of not meeting financial obligations; … Financial problems that are linked to gambling, drug abuse, alcoholism, or other issues of security concern.

Can you get a security clearance with student loans?

“Significant student loan debts are not a barrier to getting a clearance,” Moss says, and R. Scott Oswald, managing principal of The Employment Law Group, P.C., agrees. In fact, Oswald says, “unlike other forms of debt—like consumer debt—student loan debt is an investment in one’s self.

Why would a security clearance be denied?

In some cases, a security clearance investigation may be stopped and the application returned. This is due to problems with the application itself, rather than the applicant’s background. This means that procedural rules were not followed or not followed properly and the application must be re-accomplished.

What can make you fail a security clearance?

You may be denied security clearance for any number of reasons, including drug involvement, financial debt or affluence (being overly acquisitive), gambling addiction, undue foreign influence, reckless sexual behavior, technology misuse, or other behavior the government deems as a risk to national security.