Having a bad debts and with late payments will give you bad credit of course, and if the background check flags this, it could be a problem, unless you can prove you are improving on your credit and debts.
FAA doesn't want to hire people who are suceptable to easy money. Getting paid for information ect ect.
I would avoid filing the bankruptcy at all costs. A lifestyle change may be in order to keep that from happening though.It nothing like that, I was laid off of my 6 figure income and was unemployed for a 6 months while i went back to school. Now I make a third of what i used to make. I was actually about to file a bankruptcy but i dont know if i should wait or not.
I had a friend who filed bankruptcy in March. He had a ton of Medical bills and college debt he couldn't get from underneath after trying to pay it off for years. Long story short he filed is getting $100K plus worth of debt written off and getting a clean slate to restart. He had no problems finding work afterward, got a auto loan and even a credit card to build his credit. I was surprised because of all the negative things I always hear about bankruptcy but he proved me wrong. It didn't get rid of his student loans though, guess government debt you can't write off. But the "upside" creditors look at is if you have filed for bankruptcy once you can't do it for 10 years so they know you'll pay up.It nothing like that, I was laid off of my 6 figure income and was unemployed for a 6 months while i went back to school. Now I make a third of what i used to make. I was actually about to file a bankruptcy but i dont know if i should wait or not.
I was just reading a thread and found out that the FAA pulls your credit as part of your background check. Has anyone heard of someone not getting hired by the FAA for poor credit history?
How about my situation. I have about 10 grand in credit card debt. I have never had a late payment. I normally make 2-3 times the minimum payment on all my accounts every month, and have never had any negative marks on my credit history. The percent of my debt makes up about 30-40% of my available credit which is a little high, but not awful. Also I have been working on paying it off (not charging anything) its just taking a long time. My question is would someone with a high balance, but no other credit problems fall into this area:
(e) consistent spending beyond one's means, which may be indicated by excessive indebtedness, significant negative cash flow, high debt-to-income ratio, and/or other financial analysis;
What does everyone think?
Whoa. That's absolutely false. If you have very poor credit or have filed bankruptcy, that's a serious red flag -- and it can be a disqualifying factor. They're not just checking your credit for kicks and giggles. There is no law that says refusing to grant security clearance due to poor credit is illegal. It's not discrimination, it's checking into the character of someone who could have hundreds of lives in their hands.I don't know if it will affect getting a job with the FAA but they "technically" aren't suppose to discriminate against you if you have filed bankruptcy or have credit challenges.
The first part is true... declaring bankruptcy doesn't make you a bad person.Bankruptcy or bad credit doesn't mean your a bad person so I think they will use more factors to determine a clearance for you.
beware........the rules are out there for a reason....like it or not
Being that you are applying for a National Security Clearance.... I feel it is my duty as a U.S. citizen to report you to the proper authorities.
I see what your saying but stating that a few bad marks on your credit will make you get cut from the process is inaccurate information. None of us are HR or the people with OPM making decisions so we don't know for sure but I would think there are other determining factors. If you have a criminal record or shady past those things come into play too. And no bankruptcy isn't the greatest thing, it is some thing that stays with you for years. It should always be a last resort but your life is not over when you file for bankruptcy. Its put in place for people that truly need it. In my friends situation it was a huge help because it lifted a burden off him so he was able to move on with his life. And to answer your question yes he was able to secure a great job working with a rather large private sector defense company. Of course there is always more to the story but I said I would make a long story short.Whoa. That's absolutely false. If you have very poor credit or have filed bankruptcy, that's a serious red flag -- and it can be a disqualifying factor. They're not just checking your credit for kicks and giggles. There is no law that says refusing to grant security clearance due to poor credit is illegal. It's not discrimination, it's checking into the character of someone who could have hundreds of lives in their hands.
Bankruptcy is a serious thing, and it's never a good option. If your friend told you he had "no problem" getting a job after declaring, either he didn't get a very good one or his company didn't bother to check into his background beforehand. It can cause some long-reaching problems and isn't just a simple "clean slate".
And if he says he had no problem getting a car loan and a new credit card... sigh... send that man some Dave Ramsey books.
The first part is true... declaring bankruptcy doesn't make you a bad person.
But it does make you stand out as someone who has had enough trouble with debt that they couldn't deal with it, which to the FAA means that they may not be prepared for the responsibility of a controller.
The credit check is one part of many, but it's an important one. Wishing that it weren't so won't make it true.
Crap. Guess I gotta go scrape the "Secede" sticker off'n my pickup.Allegiance to the United States is apart of the background check. Wishing that it weren't so wont make it true.
Being that you are applying for a National Security Clearance.... I feel it is my duty as a U.S. citizen to report you to the proper authorities.
Listen I have had serious credit issues due to a failed business, I have/had a ton of credit card debt and a repossessed work van. I was actually in the process of bankruptcy until about two weeks ago when me and my wife decided to tough it out and pay these people back. Actually through contacting our CC companies we basically got the debt reduced to 40% of what we owed and are working on paying them back now. Just to let you know I had a private interview at the PEPC to explain the situation to them, also I had an interview with an OPM investigator for the same reason, I have a class date and according to my HR I will have my FOL by today. So I wouldn't worry as long as you just didnt feel like paying your bills and you had a serious change in the amount of money you made. Just be honest and up front because they will find out everything anyway. Good luck!
dont worry mr. met, im sure you will be fine. you dont sound like a dirtbag or anything. i got a friend of mine who borrowed $800 from me 2 years ago and hasnt paid me back yet...now he's a dirtbag...Thanks for the information. I spent the last 5 years of my life in the mortgage industry and only spent within my means. My company gave me a hefty car allowance as well. After my layoff the only jobs i could find were offering to pay me a small percentage of what i used to make and the added car payment didnt help. so needless to say, im not a scumbag, if i had the ability to pay i would but I didnt expect to lose my career. I hope they understand this - if i get the opportunity to go to a PEPC.
Thanks for clearing that up.Listen I have had serious credit issues due to a failed business, I have/had a ton of credit card debt and a repossessed work van. I was actually in the process of bankruptcy until about two weeks ago when me and my wife decided to tough it out and pay these people back. Actually through contacting our CC companies we basically got the debt reduced to 40% of what we owed and are working on paying them back now. Just to let you know I had a private interview at the PEPC to explain the situation to them, also I had an interview with an OPM investigator for the same reason, I have a class date and according to my HR I will have my FOL by today. So I wouldn't worry as long as you just didnt feel like paying your bills and you had a serious change in the amount of money you made. Just be honest and up front because they will find out everything anyway. Good luck!