This case involves an Individual with a pattern of failing to meet his financial obligations dating back to 1993. A Local Security Office (LSO) has been monitoring the Individual’s financial situation since his original application for a security clearance in 2000. In 2006, the LSO received information indicating that the Individual had a large number of delinquent debts. The LSO subsequently conducted a series of five Personal Security Interviews (PSI) of the Individual, the most recent on September 29, 2011. Unable to resolve the security concerns raised by the Individual’s continuing financial issues, and by the sometimes inconsistent and contradictory information provided by the Individual, the LSO initiated administrative review proceedings by issuing a letter (Notification Letter) advising the Individual that it possessed reliable information that created a substantial doubt regarding his eligibility to hold a security clearance. In the Notification Letter, the LSO set forth the derogatory information at issue and advised that the derogatory information fell within the purview of potentially disqualifying criteria set forth in the security regulations at 10 C.F.R. 2 § 710.8, subsection (l).