Asking for historical financial records? (2024)

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Anonymous wrote:Why can't they just pull a credit report?

Is this a federal job with a national security clearance?

They are, apparently, which is why I wonder why it matters. DH seems to think it’s some sort of “test” to see if he will actually comply or instead attempt to side-step it. It’s a job in state government, though not financial.

That's crazy. A Top Secret security clearance doesn't require one to turn over this level of documentation - they just pull credit reports, which show active and closed lines of credits, balances, etc.

Depends on where you are working with that clearance. Some agencies require an annual report of all bank and credit card statements.

What in the world does this tell them that a typical background check/credit report doesn’t? That’s baffling to me.

If you are living above your means

Credit report would show this - it shows current balance, size of credit line, and payment history/delinquencies. That's all you need to determine whether an individual is "living about their means."

The only reason to ask for actual statements is to parse your individual spending transactions. But that's akin to asking to see your text message history. In other words, this is way beyond what a background investigator can ask for and would require a warrant (likely as part of a criminal investigation).

I have to file detailed transaction-level financial disclosures if I'm making investments in stocks, bonds, derivatives, list out all my loan balances, etc. But that's to ensure I'm complying with conflict of interest laws.

Let us know which security clearance & agency requires a parsing of bank account, credit card, and PayPal transactions. I'm not buying it.