I found this blog and want to say hello and ask a question if i can renew my clearance when i received a 1099-C statement from a credit card company.
I currently have a Secret level which is due for re-investigation in August 2019 and have 3 charged-off credit accounts. So far i was able to negotiate 2 accounts with the same company paid them off. however, I still have 1 account left with $14,000 and they said they have already issued 1099-C and not actively collecting the debt or come to settlement… but they will accept the full amount.
I have spent all moneys to pay off the other 2 accounts and will not have enough cash to pay off the full amount.
With my new company, i may be applying for TS/SCI level and wondering if i can renew without paying off that particular account or still need to pay off before the investigation starts…
Thanks in advance.