Previous literature suggests that threat disrupts cognitive control, especially for those prone to engaging in disinhibited behaviors. However, this relationship is not well understood and has yet to be directly examined. Our study extends previous literature by examining the link between individual differences in disinhibition and threat-related alterations in neurocognitive and behavioral indicators of cognitive control. Using a diverse community sample (N=143), we recorded participants’ brain activity during a flanker task under conditions of predictable, unpredictable, and no threat-of-shock. Findings revealed a nuanced relationship, whereby predictable threat, relative to unpredictable threat, was associated with larger N2 to flankers, at the expense of a reduced later P3. Contrary to predictions, higher levels of disinhibition were associated with higher conflict processing (larger congruence P3) and accuracy under conditions of threat relative to no threat. This research expands what is known about threat processing, cognitive allocation, and disinhibited behaviors with high societal burden.