Quick Answer: Can Bad Credit Stop You From Getting A Security Clearance?

What disqualifies you for top secret clearance?

The Most Common Reason For Being Denied A Security ClearancePoor credit choices over a prolonged period of time;Theft, embezzlement, tax evasion, and other financial violations;Recognizable patterns of unpaid debt.Recognizable patterns of paying consistently late.More items….

Does security clearance check bank accounts?

They don’t check phone records or emails; they only check what you’ve authorized them to check. They run a credit check and run your name and SSN through NICS. … You don’t have to provide the information (such as bank statements) but the clearance process will stop if you don’t provide it.

What credit report is used for security clearance?

The Equifax and TransUnion is the correct version and backs up the credibility to what I am saying. Yes, I know about the dispute process but my question above remains the same. Thank you for your time. You already named the three they use.

What is considered bad credit?

What Is a Bad Credit Score? On the FICO® Score☉ 8 scale of 300 to 850, one of the credit scores lenders most frequently use, a bad credit score is one below 670. More specifically, a score between 580 and 669 is considered fair, and one between 300 and 579 is poor.

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.

How long does it take to get a security clearance 2020?

In general, expect a CONFIDENTIAL or SECRET clearance to take between 1 and 3 months. A TOP SECRET will probably take between 4 and 8 months. However, some individuals have been waiting for the results of their TOP SECRET investigation for more than one year.

How often are security clearances denied?

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

How much does a Top Secret clearance cost?

The average cost to process a TOP SECRET clearance is between $3,000 and about $15,000, depending upon individual factors. The government pays the cost of clearances for military personnel and civilian government employees.

Can you get a security clearance with debt?

Last June the Department of Defense denied an application for security clearance for access to classified information because the applicant had “delinquent debts totaling about $24,000.” … In fact, excessive personal debt is among the most commonly cited reasons for denying or revoking access to classified information.

What would stop you from getting a security 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.

What can cause a security clearance to be revoked?

Whether or not a single episode will be sufficient to deny or revoke a security clearance is case specific. Although adverse information concerning a single factor may not be sufficient in some cases, it may if the information demonstrates a pattern of questionable judgment, irresponsibility, or instability.

How much is a top secret clearance worth?

A Secret clearance investigation in 2018 runs a whopping $433 dollars. A Top Secrets runs $5,596. And in any case, the government foots the bill on said clearance costs; contractors or individual employees are not paying for them.

Do they pull medical records for a security clearance?

The employer does not have access to the medical/financial records or investigation details, only the agency doing the actual investigation. … HOWEVER a security clearance investigation can access your medical records with your permission.

Can you get a federal job with bad credit?

The government doesn’t have a blanket policy that prohibits the hiring of people with bad credit, but applicants are commonly screened for suitability. This process looks beyond the obvious qualifications, such as experience or education, and assesses an applicant’s character and conduct.

Can my spouse credit affect my security clearance?

The bad credit will definitely affect your clearance. She is your spouse,bad credit is an interpretation of one’s good judgment or lack thereof.. extensive travel may also present a problem especially if it was one of those “LISTED” countries.