Question regarding financials

[Maestro]

Greetings all,

Can you shed some light on the possible DQ's on the credit history/financial questionnaire? I am applying for the first time for a law enforcement position, and while I have some debt, all payments are current and always have been.

[oneoldcop]

shouldn't cause you any problems.

[PhilipCal]

As long as you're current on your bills/debts, you shouldn't have a problem. What many Departments are looking for, is how an applicant is handling debts at the time they apply. Prompt, reliable discharge of debt is viewed as a measure of overall responsibility. The financial aspects which raise eyebrows,cause questions, and lead to Disqualification, are accounts with histories of late payments, accounts which have been /are in collections, have been charged off/written off. Bankruptcy can be a problem, but a past one is not always a DQ. Again, what's critical, is how the applicant is currently handling his obligations. Based on your post, you should have no problems here.

[mikeymedic]

Once again, PhilipCal is right. Think about this, everyone with a home mortgage has anywhere between $20,000 and $150,000 dollars of debt. However, if you are paying your bills responsibly then the debt amount is USUALLY irrelevant. Now, If you are say 25 and have $2,000,000 in debt I would see some red flags going up.

[L-1]

Go here http://lib.post.ca.gov/Publications/bi.pdf and start reading the Financial Section at Page 149. It should answer most of your questions.

[Maestro]

Go here http://lib.post.ca.gov/Publications/bi.pdf and start reading the Financial Section at Page 149. It should answer most of your questions.

Thank you all- I will sleep better tonight!