Hello i am currently and E4 in the usmc and have about 17k cc debt i was wondering if that could get me in trouble i have been paying it off and not missed any payments thank you
Most likely no. You might have to take a financial literacy class but that should be about it.
If you have a security clearance on the other hand, yes, you could potentially get it revoked depending on the circumstances surrounding your debt.
EWCM on
If you’re not behind on anything, it shouldn’t be an issue as far as your security clearance goes. It’s not illegal or a violation of the UCMJ to have debt.
However, you should definitely do something about that. MCCS has financial counselors on nearly every base or you Can reach one through Military One Source.
geoguy78 on
That’s a lot of high interest debt on that salary! Can you sell any of the things you bought with the credit cards and put any of the proceeds on the payment? You won’t get into trouble unless you start missing payments but all that interest you’re pissing away……. Ouch
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Most likely no. You might have to take a financial literacy class but that should be about it.
If you have a security clearance on the other hand, yes, you could potentially get it revoked depending on the circumstances surrounding your debt.
If you’re not behind on anything, it shouldn’t be an issue as far as your security clearance goes. It’s not illegal or a violation of the UCMJ to have debt.
However, you should definitely do something about that. MCCS has financial counselors on nearly every base or you Can reach one through Military One Source.
That’s a lot of high interest debt on that salary! Can you sell any of the things you bought with the credit cards and put any of the proceeds on the payment? You won’t get into trouble unless you start missing payments but all that interest you’re pissing away……. Ouch