partner affect it

Mickey666

Comms69 said:

Mickey666 said:

Comms69 said:

Mickey666 said:

Comms69 said:

flossy2 said:

With regards to criminal activity etc it's all good. Definitely no skeletons in the closet only a debt I am a year off clearing and was hoping that he didn't have to know about. What is it about debt that makes us feel so ashamed?

Well manageable debt is nothing to be ashamed off - literally 90% of homeowners have a staggering but manageable debt.

Yes, but mortgage debt is slightly different to 'normal' debt in that the owner's overall net worth can cover the amount owed.  One way to think of it is whether a debt could be paid off on demand.

As for the security clearance thing, I'd say that honesty would be the best policy - mainly because the checking authority will almost certainly be able to find the answers if they delve deeply enough and being discovered to be lying might well be worse that whatever is being lied about.

a mortgage cannot be demanded on a whim so its not that different

Yes, I know that, it was a 'thought experiment'.   My point was that a mortgagor has the means to repay the mortgage debt, if necessary, from the value of the house.  Whereas, someone with a, say,  £10k CC debt probably doesn't have the means pay to it off in one lump.  Hence the 'net worth' point.  I'd far rather be in debt to a mortgage company than a CC company.

Plenty of people could well have assets (eg a house) which would cover the CC debt - so their 'net worth' is higher than their debt. Again there is no difference inherently between the two. 

Well, fair enough, but how many people post on here about being in debt problems because of their mortgage compared to those in debt problems with credit cards, overdrafts and the like?

strawb_shortcake

I can't even remember where I heard the bar tale from now, so may well be a yarn. 

I've been through SC a number of times and never divulged any financial details, nevermind my Husband's so I did assume the OP may be referring to DV. 
I've got a few friends that have been through DV and it's something I'd probably try to avoid

AskAsk

annabanana82 said:

I can't even remember where I heard the bar tale from now, so may well be a yarn. 

I've been through SC a number of times and never divulged any financial details, nevermind my Husband's so I did assume the OP may be referring to DV. 
I've got a few friends that have been through DV and it's something I'd probably try to avoid

i had to go through clearance similar to DV, but only at the low stage.  i had to disclose not just my immediate family details but also siblings, parents and grand parents!  i had to declare that i have no idea where my brother is and i haven't seen him or spoken to him in years.  however, the last address i have for him is xxxx.  i thought i would fail the clearance as they would worry about the missing brother, but i passed    and honestly i am so suspect, i was really surprised i did pass.

at the higher clearance it becomes very intense i believe as some colleagues had to go through it and that requires both partners to attend a security clearance day training at a secret location.  sounds a bit much but that was what it takes.

techwatcher

The current SC forms ask about the applicant's and the applicant's partner's financial history over the past 10 years - 'Have you had a credit or store card declined' etc, but the SC forms do not ask for balances. 
The current DV forms do ask for such balances and details of assets.

Slinky

I was asked if I would undergo DV for an AO post. For the very low salary I wasn't prepared to put my friends or family through the intrusion, so declined.