My name’s Dakota. While I was in college, my grandfather experienced serious financial trouble during the economic downturn and had to close our family business. My mother was thus unemployed during my sophmore year and my father is disabled. During this time I had to have my appendix removed. I got charged with a huge bill for $17,000 which then went to collections. I was unaware of all this, and my mother kept it from me, until I discovered it on a recent soft-pull credit report.
I want to enlist as a 17C with the Army which requires a Top Secret Clearance. I also have a few smaller items that I take full responsibility for. A credit account with Wells Fargo for $800 which I used to pay tuition, but I haven’t found the chance to make payments on, and a phone bill for $300, and an apartment payment for $1200 (this is in collections unfortunately). If I pay this off before applying, will the risk be mitigated?