im 22 years old and graduating in may 2007 with electronics and computer engineering degree(3.9 GPA) i am a pretty straight arrow and have never really been in big trouble. however, my credit score was 706 in july of 2006 but is now in the 500s level due to using a debt settlement agency and having to stop paying my bills while waiting for settlements to take place. Outstanding balances is $8000.
90% of good engineering jobs require a clearance and im worried this little debt problem that will be paid off within 3 months will become a BIG problem when it comes to getting a good engineering job.
what do you all think? thanks for the info and help. it is greatly appreciated
How will a 500 level credit score effect getting a top secret security clearance??antivirus programs
Take it from someone who knows, security clearances with a credit score that low are probably not in the same neighborhood. My ex husband left and left me with all of his debt and his car payment. I found out after I started receiving calls from collectors that he declared bankruptcy and left me holding the bag (150,000+). I was a controller for a major constuction company, I have never stolen anything in my life but my employer (who had connections with the county recorder) knew exactaly when I filed and within two weeks I was let go. I had received glowing reviews and bonuses with raises for my work. I was told that I was a bright and dedicated worker who had a good future, at one point they joked about me being the little sister that they never had. That all changed in a heartbeat.
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