Ask the Lawyer received the following question (paraphrased for easier reading and clarity) from a reader on a legal matter that might be of interest to the entire audience. Q: I am considering using a credit counseling service to consolidate high interest debt to low interest, but have a security clearance. Will using this service alone jeopardize my security clearance or the ability to certify government funds? A: Using a credit counseling service alone will not jeopardize a security clearance. Failing to pay bills on time, assuming too much debt or filing for bankruptcy will cause questions to be raised…
Browsing: debt
Ask the Lawyer received the following question (paraphrased for easier reading and clarity) from a reader on a legal matter that might be of interest to the entire audience. Q: My security clearance is up for renewal in 3 years. Together, my wife and I have credit card and student loan debt that has been accumulating over the past 15 years from personal injuries and layoffs. My student loans are currently in voluntary forbearance but that will run out in three years and it’s the only reason they have not gone into default. What can I do to try and…