So I am in the process of filling out my e-QIP for a standard Secret SC (SF-86).
The only area of concern during my BI will be related to financial concerns.
I have some “delinquent” debts, but they are all addressed and I currently am participating in repayment plans.
To provide more detail:
I am 2.5 years removed college…
Defaulted on Fed Student Loans. Started the Loan Rehibilitation Program a couple of months ago. I’ll be making a total of 9 consecutive payments (2 done) and my loans will be removed from the default status and that will be removed from my credit report.
I have some credit card debt as well, but I have addressed this and am undergoing repayment plans.
I also recently started communicated with a credit counseling agency to better understand budgeting and to better my chances of mitigating this stuff.
Reason for becoming delinquent:
I do accept responsibility for not fulfilling my obligations. I moved after college to accept a position and signed a lease for an apartment that, in hindsite, was not ideal for my budget. A few months into my lease I began to have difficulty paying off loans, but I always paid my rent, car payments, etc. I then used some credit cards to keep afloat. As soon as my lease was up, I moved in with my girlfriend to reduce my monthly expenses.
All of my debt occurred during an isolated time frame (2017-early 2018). Since then, I have not acquired any new debt and obtained a new job that will allow me to more easily pay off my debts. I started the new position in Dec 2018 (I was paid far below market value at my first position that I mentioned earlier, which didn’t help my situation).
I am aware that my repayment plans were initiated all within the last 3 months but this is coincedentally when I was able to commit to paying these off.
So yes my credit score is poor, but I hope to mitigate this stuff based on guideline F material.
My question: what can I provide on my SF-86 to help my chances? I do not see a tab that will allow me to add attachments (repayment history, repayment plans, etc)