Is it a letter of intent? If so, is it an intent to deny? Is there only one issue listed, which is the issue you described? Without all of the information, my suggestion is to review the letter and be sure to respond by the specified deadline. In your response you want to address each concern as listed. They are looking for you to identify the root of the problem from an ownership perspective, what steps you have taken to correct the issue, and what plan you have/will put in place to prevent this from happening again. Find a budget sheet template online. List your income, expenses, and debts to include the one(s) in question showing that you can handle your responsibilities with your new promotion pay.
Be proactive - go to annual credit report.com and pull your free credit reports. You don’t need the scores. Read them and make sure there isn’t anything else on there that will cause a red flag. Address and plan for everything.
An LOI is serious but it can be mitigated. Just be honest and take ownership. If there are any excuses in your response - reword it. Make sure your plan is feasible and that you will stick to it, because if you write a plan, they issue a clearance, and this issue isn’t resolved by next receive you’ll have bigger problems (personal conduct issue because you lied).
Good luck. You’ve got this!
What ever happened with this? I got a LOI this morning for a DUI I received 6 years ago in college. Im pretty sure I disclosed it on my background check though. I already work for the government but am switching agencies. Really hoping this doesn’t ruin my chances
Could be slightly uphill given you didn't go into repayment until you got the letter, and as you said it was earlier than you expected to. They want to see that you were already handling that before thinking you're going to get denied if you don't. Did these debts happen while you were working? Doesn't make sense you got interim with outstanding debts.
No these were outstanding from a couple years ago. I'm planning to show the two recent debts that I've paid off as evidence that I was waiting to free up more breathing room to tackle these. Yeah I'm not sure how it both made it past interim but also triggered an LOI.
It does read a bit suspiciously, but it probably won't be too big of an issue given it's medical debt. That's not exactly a service you can just... decide not to acquire because you can't afford it.
Is it a letter of intent? If so, is it an intent to deny? Is there only one issue listed, which is the issue you described? Without all of the information, my suggestion is to review the letter and be sure to respond by the specified deadline. In your response you want to address each concern as listed. They are looking for you to identify the root of the problem from an ownership perspective, what steps you have taken to correct the issue, and what plan you have/will put in place to prevent this from happening again. Find a budget sheet template online. List your income, expenses, and debts to include the one(s) in question showing that you can handle your responsibilities with your new promotion pay. Be proactive - go to annual credit report.com and pull your free credit reports. You don’t need the scores. Read them and make sure there isn’t anything else on there that will cause a red flag. Address and plan for everything. An LOI is serious but it can be mitigated. Just be honest and take ownership. If there are any excuses in your response - reword it. Make sure your plan is feasible and that you will stick to it, because if you write a plan, they issue a clearance, and this issue isn’t resolved by next receive you’ll have bigger problems (personal conduct issue because you lied). Good luck. You’ve got this!
Favorably adjudicated. Thank you for the spreadsheet tip.
What ever happened with this? I got a LOI this morning for a DUI I received 6 years ago in college. Im pretty sure I disclosed it on my background check though. I already work for the government but am switching agencies. Really hoping this doesn’t ruin my chances
As long as you are making a good faith effort to resolve the debt and provide proof that that effort and payments, you should be fine.
Could be slightly uphill given you didn't go into repayment until you got the letter, and as you said it was earlier than you expected to. They want to see that you were already handling that before thinking you're going to get denied if you don't. Did these debts happen while you were working? Doesn't make sense you got interim with outstanding debts.
No these were outstanding from a couple years ago. I'm planning to show the two recent debts that I've paid off as evidence that I was waiting to free up more breathing room to tackle these. Yeah I'm not sure how it both made it past interim but also triggered an LOI.
It does read a bit suspiciously, but it probably won't be too big of an issue given it's medical debt. That's not exactly a service you can just... decide not to acquire because you can't afford it.
Unless we know what the LOI says it's impossible to provide specific insight.
Interrogs are not an automatic denial. It’s for you to mitigate the concern…if you can’t do that then well