About to fill out my SF86 and want some advice re: revolving (credit card) debt. I started a business last year (in addition to my salaried job as a professor), and it led to the accumulation of about $20,000 in debt. At this point, I could easily pay it all off with my HELOC, but I would prefer not to as my CC balance is at 0% interest until June 2019, and my HELOC has a 7% rate. Basically, will save me around $1,000 in interest to keep the balance on my CC.
I read an article recently that mentioned $7,000 in bad debt automatically triggers a more extensive check. https://fcw.com/articles/2018/04/20/evanina-clearance-reform.aspx
I was unable to verify this figure, but any insights would be most appreciated. I am trying my best to avoid a lengthly process, as the job is at State and they do not allow you to begin work until your clearance is approved.