By Amy Bushatz
27 Aug 2018
"This new process might impact your DoD security clearance and prevent you from being deemed 'deployable,' which could greatly impact your military career unless you can prove to DoD that you were the victim of identity theft, fraud or a mistake, and that you're currently living within your means and are making a good-faith effort to resolve your unpaid debts," the CFPB release warned.
A service member scans in his fingerprint for the Defense Biometric Identification System Jan. 16, 2009. (U.S. Air Force/Senior Airman Chad Strohmeyer)Troops with security clearances who have low credit scores or past-due bills could be at greater risk of having those clearances revoked, thanks to a change to the frequency at which background check officials look at financial data.
"The Department of Defense (DoD) will now 'continuously' monitor the financial status of servicemembers with security clearances," the Consumer Financial Protection Bureau announced in an Aug. 20 release. "This means that a past-due bill or an error on your credit report could jeopardize your clearance status."
As of early July, 58 workers had their security clearances revoked as a part of the Pentagon's new monitoring system, according to the Associated Press. Officials did not respond to requests for an update.read more here