Comments on: Military and Debt

By: Ryan Guina

Ryan Guina — Tue, 01 May 2012 17:01:50 +0000

Dre, having a bankruptcy doesn’t automatically preclude you from military service. If it is in your record, then you have done everything you can to make the military aware of your situation. Hopefully you will be able to start a fresh way of life in the military. Best of luck in your military career!

By: Dre

Dre — Tue, 01 May 2012 16:44:24 +0000

I am on Navy DEP and will leave soon on July i filed bankruptcy this April due to failed business venture and bills/credit catch on us we basically living on paycheck to paycheck . I informed this to my recruiter my court date is on May an will wait to get discharged of all my debt. If i go to bootcamp will i be discharged eventjought i told my recruiter and put it in our records? My rating or job doesnt need security clearance. I am trying to fix this before i ship out.

By: Ryan Guina

Ryan Guina — Mon, 09 Apr 2012 18:30:10 +0000

Damarise, if there is a court order, then the soldier is legally required to pay the amount. I recommend contacting the attorney who represented you in the initial proceedings. If the soldier is found to be in arrears, then it may be possible to have wages garnished or have an allotment set up which will automatically send the correct amount of money from the paycheck each month before it is sent to the military member. But in most cases you will need the soldier to either set this up voluntarily, or get a court order for it to happen.

By: Damarise

Damarise — Mon, 09 Apr 2012 15:43:53 +0000

How is it that a soldier can get away with not paying the full amount of child support, in which the court determined as fair based on the income of both parties? Are there any reprocussions that a soldier faces when he is over $10,000 behind in child support payments?

By: Ryan Guina

Ryan Guina — Tue, 28 Feb 2012 04:09:47 +0000

Amber, the best advice I can give you right now is to have your husband visit with his First Sergeant and try to set up some financial counseling for the two of you. Most bases offer something via the family center or MWR. Just having some debt isn’t always enough to deny a security clearance, even with a repossessed car or other bad mark on your credit. If your family is able to meet your remaining financial obligations and you are working on improving your finances, then those actions will go a long way toward being able to remain in the military. Right now the best thing you and your husband can do is begin working on ways to improve your finances.

By: amber

amber — Mon, 27 Feb 2012 23:27:04 +0000

my husband is in the air force he has been in for 3 years now we were two months behind on are 07 dodge charger srt8 due to family illness and death. we contacted the bank to inform them we would pay them back with our tax return on feb 10.the bank came and picked it up on feb 25 , we had not yet received our taxes but made one full payment to them feb1.since they picked it up they plan to auction it in 10 days. of course we will have to pay the remaining balance we owe 25,150. my husband informed his first shirt of the issue, due to the bank not informing first shirt its not taken official yet. We are waiting for the auction to see what the remaining balance is. We plan to pay it and have 1000 saved to due so. we are very concerned though that with all the role backs that he will now be in hot water and may not pass his security clearance and wont be able to re-enlist. we are looking for advice

By: Ryan

Ryan — Tue, 07 Feb 2012 05:00:26 +0000

Joseph, The military does a thorough background check, and one mark against your credit won’t necessarily prevent you from receiving a security clearance. The military is concerned with people whose finances are in such a poor condition that it is a red flag. For example, people who cannot afford to pay their bills each month might be more likely to sell state secrets so they can meet their bills. Just be truthful when filling out the questionnaire and in any interviews and see where it leads. Best of luck, and thanks for your service!

By: king

king — Sat, 04 Feb 2012 03:29:19 +0000

when i was younger i got my first bank card when i ran out of money i gave the card to my mother to hold for me until i got another job and could continue to put money in the account. She used my card mistakenly and ran up a few hundred dollars in overdraft fees. My account was subsequently closed out and I never got the oppotunity to pay the bank off before this happened. In total i would say i owe less then a 500 dollars and no collection agencies have ever been in contact with me. The only reason i even found out about this is because when i tryed to add money to the account the atm told my my account had been closed. I then proceeded to talk with the teller who told me i couldn’t reopen my account with there bank even if i were to pay them back for the full amount. Im worried that this will keep me from getting my security clearance for my mos in the army can you please give me your thoughts on the matter. thank you