Point of joining the army is freaking bettering your life

First congrats on being able to join! I decided recently that joining the Air Force would be best for me. I know they can work with collections on our credit like you said with setting up payments and the waivers etc. but do you know anything about having charge offs? I have a couple credit cards I wasn’t able to keep up with so they were written off as a loss. Even though I spoke with a recruiter on the phone he didn’t really give me a set answer regarding that because technically the companies are no longer trying to collect that money so it’s probably pointless to try and pay it but I know it looks bad on my credit so idk if it would stop me from joining 🤷🏽‍♀️

@Jae_Mone

5 жыл бұрын

I apologize I am just seeing this and thank you btw. So if the company is not trying to collect the money anymore it shouldn’t show on your credit anymore or it will show as a write for up to 7 or 8 years I believe and then it will go away. However, when they were trying to collect is where it hit your credit negatively which they will see when they run your credit and might even question you about it. But as long as you currently don’t owe anything or anyone you should be fine. Good Luck!

Yayyyy, youre leaving please share your experience with us , good luck at BMT

Yeah I have student loans and a car loan but I have good credit. I definitely will try and pay of my credit card before i join. And I pay on time so I should be fine.

@Jae_Mone

4 жыл бұрын

nakia bellamy yea you should be fine but def. have a plan for your payments to be made when you go BMT as well.

I would like to join but still in school right now. I currently have debt in my undergrad but still have 2 years left of grad school. Should I join after I complete college or before? I was told you only get loan forgiveness with the current loan you have before you join, is that true?

Please give me some advice. I have a good amount of debt on my CC. Nothing outrageously high but still something to make you flinch. I'm slowly paying it off and have never been late. No collections, charge offs or anything like that. I dont have a history of bad credit. My credit score only started to go down this past year because of the debt but nothing too drastic and I am still in the "good" part of credit score. I do plan on selling my car and most furniture before basic so that would take a good 25% off my debt. How would all this affect my enlistment process? Thank you.

@Jae_Mone

4 жыл бұрын

Kimberly Runes this shouldn’t have any impact on your enlistment process as long as you stay current with your payments. If they see the debt from the background check just let the recruiter know you are currently paying it off and provide proof if needed. Also it would be best for you to have enough money saved to have those payments automatically withdrawn from your account during BMT so that you don’t fall behind.

@kimrunes940

4 жыл бұрын

@@Jae_Mone Thank you for your advice. I do notice on my card that if I pay way over the monthly minimum, let's say I pay 2 months worth in one sitting, that the month after will still show $0.00 due. and since I plan on putting a good few thousands dollars into it before BMT, I think it would cover the 8-9 weeks of training until I get enough flexibility in tech school to access my bank. At least that's how I think of it. What is your opinion of this? Thank you. I also read on the 40% rule in the airforce. Basically, the monthly due for the debt should not exceed more than 40% of your monthly pay. I did calculate it and it is well half that amount.

@Jae_Mone

4 жыл бұрын

Kimberly Runes I think your plan is a good idea to stay on top of your payments. You should also see if there is an option for the payments can be caped at a certain percentage due to being in the military.

@kimrunes940

4 жыл бұрын

@@Jae_Mone I will see. Thank you so much!!!

I want to join the navy I’m paying all my collections this year

@Jae_Mone

5 жыл бұрын

Kevin Wunder congrats on your decision and also good for you. I agree that paying all your debts before you join is best if it’s possible to achieve in a year or less.

Hello, I have so far 20,000 in students loans for my university. And I plan on joining the air-force after I graduate. I was wondering if the air force would assist me in paying them off faster because I spoke with an Air Force recruiter and he told me they don’t off the college loan repayment program any more. I want to know what other college loan repayment plan do they have in the air force that the recruiters don’t tell you about because I really need help with these study loans to build my credit score up and not get into debt?

@Jae_Mone

4 жыл бұрын

Calvin Martin II I have not heard of any repayment programs that the Air Force offers for student loans however, there are still other ways to get your payment down as low as $20 depending on where you live. Once you are in the military your loans should be capt at 6% bringing the payments down. Also you should talk to the company your loan is through to see what income based payment plans they have which you should qualify for once you are in the military. Lastly ask them if they offer loan forgiveness and if so, after how many years? I hope this helps but lmk if you have anymore questions. Good luck.

I didn’t pay my medicall bill that it was around 800 dlls, I’m worried if I’m denied to join the army

@Jae_Mone

3 жыл бұрын

Have you already started your application process with the recruiter?

I want to join the Air Force but I have student loans that I didn't get to pay on time. I changed the payment plan to Pay as I Earn but that was after 90 days. However, that's all I got on my credit report if I remember correctly. Is it still possible to apply for a FED waiver or something like that?

@Jae_Mone

4 жыл бұрын

rxzero00 yes you can still apply for a waiver and because the unpaid payments will show on your credit report your recruiter should advise to put in a waiver and if they don’t you should ask. Also as long as you have been making an effort make your payments from the arrangement you have and can show proof of it (because they will ask for proof) I don’t see why your waiver wouldn’t be approved!

Hi Jae, I loved your video. It was very helpful. So me and my friend have a house with our names on it so legally it is ours BUT his mom pays for it because she’s living in it. Long story short we got it for her because she needed a home. Would this keep me from joining? Let me know your opinion. Please.

@Jae_Mone

4 жыл бұрын

ScreamingAirborne this should not stop you at all from joining the Air Force especially if there isn’t any negative impact on your credit from having the house under your name. However you may get questioned about it at some point for your clearance.

@Jae_Mone

4 жыл бұрын

ScreamingAirborne also I’m glad I could be of some help! I hope everything goes well.

@ScreamingAirborne

4 жыл бұрын

Jaé Moné thank you for the replies. I’m thinking about being up front with them about it that way they don’t find out themselves and I don’t get in trouble or something and also see what my options are. Maybe have proof that I’m not paying the house by having my friends mom have bank statements ready, just in case. I know all branches are different on policy I think, but I’m thinking about going marines not air force. Thank you for your service though.

This might be intrusive but can you share the amount of debt that you had when submitting your FED ? Also how long did the approval take for you, I recently decided to join and had to submit a FED. The issue is I’ve been waiting for almost a month, I’m getting nervous.

@Jae_Mone

5 жыл бұрын

Charity Clark, My debt was around 27,000. Also, waivers have up to 45 days to be approved or disapproved. It took about a month for my waiver to be approved as well so don’t worry. Best of luck!

@rithe07

5 жыл бұрын

@@Jae_Mone was the $27,000 in collections?

@philliphuynh4867

5 жыл бұрын

Just wondering if it’s not that big of an amount like less then 5k, will this stop u from qualifying, or they only care when it’s really higj

@Jae_Mone

5 жыл бұрын

Phillip Huynh as I do not know for sure, however if you have something in collections it’s still a debt regardless of the amount (i.e possible liability). What I believe is taken into consideration is the amount, who the creditor is (i.e student loans, cable provider, phone bill), the reason debt accumulated and what’s being done to get out of debt. I hope this was able to answer your question.

@Jae_Mone

5 жыл бұрын

Delores Emeagi yes the entire amount was in collections.

So will we have to just pick another job if we don’t get the clearance or they kick you out 😊

@Jae_Mone

Жыл бұрын

It will depend on the job and how soon you need it but it’s possible for you to not get a clearance right away and not get kicked out or have to switch jobs.

I only have 900 dollars in debt . I was going to get a job to get it off . I’m 19 and was on my own using credit cards to keep me floating . Would that matter ? Or. Should I just pay it off and then start my process

@Jae_Mone

2 жыл бұрын

It’s possible it may matter. I’d suggest you get a job once your hired and have a start date start you process to join. That way IF they ask you about it you can tell them your in the processing of paying it off instead of not having an answer of how your going to pay it off. But either way works as long as the goal it to pay it off before you go to basic.

I got my car repoed can I still get in?

Hey I'm joining the army national guard, n I have financial situation adding up to or around $15k will this stop the process?

@Jae_Mone

3 жыл бұрын

Hey I am not really too knowledgeable about the Army’s processing process but I don’t think that the debt amount may be an issue. If so some things they may consider that may hinder your process would be the reason for the debt, if your have a payment arrangement for it and if you are up to date with the payment arrangement. If I were you I would do some research to see what is the percentage of debt you can have entering the army. I hope this info helps. Good luck with everything!

Hi Jae. I have a question, I will be grateful if you can give me information. What about car loan? I pay everything on the time every month, I have no delays, and my score is around 700. Do you think that will be a problem if I want to join the Air Force? That's the only debt l have. Thank you.

@Jae_Mone

3 жыл бұрын

Hey Marko I don’t not believe you will have any issues. Based on what your telling me it seems as if your car loan is in good standing so there won’t be any negative affects from that on you credit report.

Hey, I have several medical bills in collection amounting to around $12,000, is it possible for me enlist in the Air Force?

@Jae_Mone

3 жыл бұрын

Hey! Based on my experience it is possible to join with $12,000 in collection. However, I do believe being proactive towards getting that debt out of collections with proof of payments or payment plan will help significantly. Keep in mind due to you having debt in collections it will show on your credit report depending on how recent it is. Therefore, you will have to submit a waiver, which is the only way to get in in your case scenario. If your recruiter doesn’t mention anything about submitting a waiver that may be a red flag. I hope this helps. Good luck!

My student loan is 13k and I was late for the payment a year before pandemic. Also , I have had a debt collection total 24k , I didn’t take any action for many years until I decided to join Military. I have been negotiated for the payment plan of 24k, it might take 2 years to pay it off. 10 days from now then I will be shipped out, but I got a schedule for interview with defense counterintelligence and security agency on next Monday. I’d like to ask if I would be disqualify for joining cause of financial issues like that. Hop you can answer me before I get to the interview. Thank you

@Jae_Mone

2 жыл бұрын

Hey Martin, I don’t see you getting disqualified for that especially if your collections are being handled. remember your human and in that that means you will make mistakes and/or have financial adversities. The main thing is what are you doing to get out of it or did you learn your lesson? It seems like you have a plan so that’s all that matters. Also, during either of your interviews especially with investigations if they ask you or mention it tell the truth because they already have information on you. Don’t just tell the problem include the solution. Hopefully this help and answers your question. Congrats and good luck on everything!

@MartinDNguyen

2 жыл бұрын

@@Jae_Mone Thank you so much for your answer. Hopefully everything be ok.

@MartinDNguyen

2 жыл бұрын

@@Jae_Mone I forget to tell my job. it’s AECF, Idk if it’s top secret and my financial issues might stop me get in to this job. I am so nervous , do you know anything about it?

@Jae_Mone

2 жыл бұрын

@@MartinDNguyen I unfortunately don’t know about AECF but as I mentioned before you should be fine as long as you tell the truth if/once mentioned. If your financial situation was to big of a problem to the point where you were more of a liability than asset to the military you wouldn’t have even made it as far as getting a job assigned.

I'm leaving in July 12 to basic training but will they kick me out for owing loans like 10 thousand or less?

@Jae_Mone

2 жыл бұрын

No. They run your background during your initial application so they probably already know about it. As long as your consistently making payment and not falling behind your payments the you should be good. Hope this helps. Good luck!

15,000 student loans for me😭

I have 1,900 in collection from medical bills. How would that affect me?

@Jae_Mone

2 жыл бұрын

The fact that the bills are in collections may effect your application process in general. You more thank likely would have to make the bill current meaning getting it out of collections (and setting up a payment plan). I don't believe you can join the military with bills in collections. I def. recommend you inform your recruiter and let them what your plan is to pay it off. If your recruiter is trying to help you with moving forward with your application great, but if they seem to be blowing you off and not trying to move forward with you joining I HIGHLY recommend either talking to their supervisor or going to a different recruiter. Hope this helps. Goodluck!

Hi, I'm planning to get a car but I'm already in a process of joining can I still do it?

@Jae_Mone

3 жыл бұрын

In the sense of it affecting your credit I don't see why not as long especially if you have decent credit. Also keep mind to make some arrangement so that you don't miss your payments while in basic.

Can i join the Air force with 15000 dollars in student loans from 14 years ago

@Jae_Mone

3 жыл бұрын

Hey Dominic Withers, so there is a possibility that the amount will significantly affect your eligibility to join the Military especially depending on whether they’re in collections or if you have started making payments on them or not. The age (or tenure) of your debt plus “on time” payments has a high impact on your credit and your credit is ran in the beginning stages of joining. I hope this answered your question and give you an idea of what your next steps are. -Jaé

@dominicwithers1016

3 жыл бұрын

@@Jae_Monethank u i called my student loan people and they told me im in good standing will this help out? They also say my loan is in forbearance ive already passed the asvab and physical

@Jae_Mone

3 жыл бұрын

@@dominicwithers1016 if you’ve gotten as far as taking the Asvab you may be good especially since your loans are in good standing. You can also double check and ask your recruiter if they have received your credit report. If they have and they are moving forward then your good.

If you paid it off but it still shows on the report. Does that impact?

@Jae_Mone

4 жыл бұрын

Ashmita Phnuyal I would ask the creditor how long will it take to on your credit and see what they say. However, I would also give the recruiter a heads up about it and they should advise you accordingly but ultimately as long as you have documentation showing it was paid off then I would t worry. Hopefully this was helpful. I wish you you the best!

@ni_voo

4 жыл бұрын

@@Jae_Mone Thanks

Can you use the waiver to get a security clearance?

@Jae_Mone

3 жыл бұрын

Hey @Supremetruker so if you’re asking can you get a waiver because you cannot get a security clearance for whatever reason, from what I’ve seen others experience I would say no considering that’s like a basic requirement as a military member. If you know for sure that you can get one it may just take a long time in getting it ( Im talking like months maybe even a year) and depending on the reasoning for the delay of getting your SC you may still be able to got through BMT and Tech school without having one.

@museme6309

3 жыл бұрын

@@Jae_Mone I want to go 68W I don’t think that needs clearance

@Jae_Mone

3 жыл бұрын

@@museme6309 regardless of your job in the military you need a security clearances. Depending on the job will depend on the typeof clearance.

What if you have a car loan? But good credit

@Jae_Mone

4 жыл бұрын

amanda 12sark as long as you are on time with your payments with proof and there isn’t any negative remarks on your credit report from your car loan there is nothing to worry about because it shows you are responsible and take care of your business.

@amanda12sark88

4 жыл бұрын

@@Jae_Mone ok, thanks!

@Jae_Mone

4 жыл бұрын

amanda 12sark NP Goodluck!

広めてください」、

What if the score went 0??

@Jae_Mone

3 жыл бұрын

What score exactly?

Ok so I'm 24, and I have $19,000 of debt. My credit score is in the 400s. Do you think I have a fighting chance of getting accepted in the navy? EDIT: Also thank you for spreading the word about this issue its greatly appreciated!

@Jae_Mone

4 жыл бұрын

Darrell Reese Most Definitely I believe you have a chance. I was in the same boat but my debt was around 28,000 from student loans. I would advise that you set up a payment plan so that if you are asked about the debt you have proof that you are dealing with it. Once you start make payments (on time ) your credit will go up. As well as once you get in and graduate tech training, you may be able to get you payment reduced for being in the military. Also, you are welcome, I know what it felt like to be where you are. Good luck, -Jaé

@abagilpena7407

3 жыл бұрын

I greatly appreciate this i am in a similar situation with the credit score and debt and this gives me lots of hope 🙌🙌