kieran0727
Newbie

Hi guys,
I've passed my RT and Interview - I'm now at the stage where I have to undergo a security clearance. Although, I am a little worried about the financial aspect of this because I have a £6000 private student loan which I have to repay over 5 years (£120 a month), on top of this I have £450 pound in credit card debt which I will be able to repay fully in 2 weeks... as well as a £1500 student overdraft.
Obviously this is a lot of debt for a 22 year old, however the bulk of it will be paid over 5 years and I don't start incurring charges on my overdraft for another 3 years. Therefore, out of my initial £1250 a month salary, only £120 of this will be owed out and I will have no problem repaying it because I have no further financial responsibilities (car, rent, utilities etc.).
I would like to know if my financial situation will be a problem in me joining the royal navy? Or will they look at my situation critically and consider whether or not it will affect impact my employment?
Any replies will be greatly appreciated because I'm extremely worried about this! Getting into the Navy means everything to me.
Thanks in advance
I've passed my RT and Interview - I'm now at the stage where I have to undergo a security clearance. Although, I am a little worried about the financial aspect of this because I have a £6000 private student loan which I have to repay over 5 years (£120 a month), on top of this I have £450 pound in credit card debt which I will be able to repay fully in 2 weeks... as well as a £1500 student overdraft.
Obviously this is a lot of debt for a 22 year old, however the bulk of it will be paid over 5 years and I don't start incurring charges on my overdraft for another 3 years. Therefore, out of my initial £1250 a month salary, only £120 of this will be owed out and I will have no problem repaying it because I have no further financial responsibilities (car, rent, utilities etc.).
I would like to know if my financial situation will be a problem in me joining the royal navy? Or will they look at my situation critically and consider whether or not it will affect impact my employment?
Any replies will be greatly appreciated because I'm extremely worried about this! Getting into the Navy means everything to me.
Thanks in advance