Comments on: Excessive Debt Can Ruin Your Military Career http://themilitarywallet.com/excessive-debt-can-ruin-your-military-career/ Personal finance for military, veterans, and their families Tue, 07 Feb 2012 23:05:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ryan http://themilitarywallet.com/excessive-debt-can-ruin-your-military-career/comment-page-1/#comment-190 Ryan Mon, 19 May 2008 02:02:09 +0000 http://themilitarywallet.com/2008/05/06/excessive-debt-can-ruin-your-military-career/#comment-190 <strong>William,</strong> Thank you for clearing up my wording. <strong>Zen Panda,</strong> My comment about the military forcing repayment of debt is based on events i have witnessed while enlisted in the USAF. I don't think the military can actually "force" members to repay debt, but I have seen some commanders give direct orders to repay debt. If the troop does not he is then disobeying a direct order. Can they "legally" enforce troops to pay? I'm not sure. But they can kick them out if they don't pay, and many (not all) troops prefer paying to getting kicked out. William,

Thank you for clearing up my wording.

Zen Panda,

My comment about the military forcing repayment of debt is based on events i have witnessed while enlisted in the USAF. I don’t think the military can actually “force” members to repay debt, but I have seen some commanders give direct orders to repay debt. If the troop does not he is then disobeying a direct order. Can they “legally” enforce troops to pay? I’m not sure. But they can kick them out if they don’t pay, and many (not all) troops prefer paying to getting kicked out.

]]> By: ZenPanda http://themilitarywallet.com/excessive-debt-can-ruin-your-military-career/comment-page-1/#comment-172 ZenPanda Mon, 12 May 2008 03:00:31 +0000 http://themilitarywallet.com/2008/05/06/excessive-debt-can-ruin-your-military-career/#comment-172 <i>"Military members are required by the UCMJ to pay their debt As a military member, you know that you are required to pay your debts. If you didn’t know this, it is spelled out for you in Article 134 of the Uniform Code of Military Justice (UCMJ). And guess what? Every place of business near your base also knows you are required to repay your debts. That is why there are so many businesses willing to extend credit to service members. The businesses know that one way or another, they will receive their money. A quick phone call to a First Sergeant or Commander can get things taken care of very quickly. I’ve even seen Commanders order an allotment against a military member’s pay check to pay their debts."</i> Unfortuneatly I see the opposite everyday. I am a military wife & I work with the local courts. The local military installation does nothing to enforce repayment of debt. “Military members are required by the UCMJ to pay their debt

As a military member, you know that you are required to pay your debts. If you didn’t know this, it is spelled out for you in Article 134 of the Uniform Code of Military Justice (UCMJ).

And guess what? Every place of business near your base also knows you are required to repay your debts. That is why there are so many businesses willing to extend credit to service members. The businesses know that one way or another, they will receive their money. A quick phone call to a First Sergeant or Commander can get things taken care of very quickly. I’ve even seen Commanders order an allotment against a military member’s pay check to pay their debts.”

Unfortuneatly I see the opposite everyday. I am a military wife & I work with the local courts. The local military installation does nothing to enforce repayment of debt.

]]> By: William Henderson http://themilitarywallet.com/excessive-debt-can-ruin-your-military-career/comment-page-1/#comment-171 William Henderson Tue, 06 May 2008 22:32:10 +0000 http://themilitarywallet.com/2008/05/06/excessive-debt-can-ruin-your-military-career/#comment-171 You can not be denied a security clearance or have your clearance revoked based solely on a high debt-to-income ratio. Your clearance can be denied/revoked due to "consistent spending beyond one's means, which may be indicated by . . . high debt-to-income ration . . . ." There are other reasons one can have a high debt-to-income ratio that will have no effect on a security clearance William Henderson, Author Security Clearance Manual You can not be denied a security clearance or have your clearance revoked based solely on a high debt-to-income ratio. Your clearance can be denied/revoked due to “consistent spending beyond one’s means, which may be indicated by . . . high debt-to-income ration . . . .” There are other reasons one can have a high debt-to-income ratio that will have no effect on a security clearance

William Henderson, Author
Security Clearance Manual

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