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Texas child support payments may affect credit reports

Sunday, September 24, 2017

In Texas, a non-custodial parent who is ordered to send regular payments to support a child must take that obligation seriously. Not only may the money be needed for the child's basic necessities, failure to keep up with child support payments may have an adverse effect on one's credit rating. In fact, child support delinquencies may damage one's credit even more seriously than missed car or mortgage payments.

Last year, it was reported that non-custodial parents in the United States owed over $113 billion in child support debt. Agencies responsible for collecting support payments report directly to credit bureaus, so delinquencies may be listed as an account on one's credit report. A person who pays late or misses a payment risks a negative mark on one's credit.

Once a support obligation is paid, the credit report will reflect that the debt is satisfied. However, a person's credit report may carry this negative note for longer than typical delinquencies. A child support judgment on one's credit report can be renewed every month, updating the original delinquency date each month. While other credit report delinquencies may remain seven years, child support entries can last until the child reaches the age of majority.

While most people fail to meet their support obligations because of job loss or income changes, the responsibility remains unless the court adjusts the payments to meet the difficulty. People in Texas who are dealing with child support issues may benefit from contacting an attorney. Whether one is owed child support or is having trouble keeping up with payments, a family law attorney will be able to advise one on the best course of action.

Source: yahoo.com, "Will Child Support Payments Affect My Credit?", July 11, 2016

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