SC Clearance - Impact of Personal Loans and Credit Balances SC Clearance - Impact of Personal Loans and Credit Balances
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  1. #1

    Nervous Newbie


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    Default SC Clearance - Impact of Personal Loans and Credit Balances

    Hi, I am now required to go through SC Clearance for Home Office. I have a 27k and around 15k Credit card balance. I have been managing them very well and have no default or any other adverse history. Will this be reason for rejection? Should i declare this on the form specifically?

  2. #2

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    Scruff's Avatar
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    Only if they ask?

    Quick exit...
    I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

  3. #3

    Fingers like lightning


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    Quote Originally Posted by JamesBond123 View Post
    Hi, I am now required to go through SC Clearance for Home Office. I have a 27k and around 15k Credit card balance. I have been managing them very well and have no default or any other adverse history. Will this be reason for rejection? Should i declare this on the form specifically?
    If the form asks then say. I don’t think it did when I went through clearance.

    No, you will not be rejected because of this unless there’s a dodgy reason for accruing the debt.

    This level of credit usage is not out of the ordinary.

  4. #4

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    Quote Originally Posted by JamesBond123 View Post
    I have a 27k and around 15k Credit card balance. I have been managing them very well
    oxymoron......


    Debt you can afford is no problem. I have a mortgage bigger than that.
    Debt you can't afford could be a problem. Debt to the wrong people will be a problem (bookies, mafia, Russians, etc.)
    See You Next Tuesday

  5. #5

    Double Godlike!

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    Ignoring the trite answers, it matters if you are over one or more credit limits or have missed or underpaid a monthly statement.

    Two questions for clearance are "are you honest" and "can you be coerced". Big debts, which these are, will affect the latter.

    And they will know all about them anyway, which affects the former.

    HTH
    Blog? What blog...?

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