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California child support may affect credit report

An individual's credit report is an important factor in securing the funds necessary to buy a house, a car or almost any large ticket item. Items that can affect a California resident's credit report include late and/or delinquent payments. Additionally, it is possible that past due child support payments may be reported and become a part of one's credit report.

Each year, billions of dollars in child support payments go unpaid. While there are a number of reasons for this, the fact remains that nonpayment of child support is a significant problem. As a result, many states and state agencies are doing what they can to collect these payments.

The way in which child support payments are made can be an important factor. When payments are made through a state agency, it is likely that the agency will do everything it can to ensure that payments are made. This can include reporting to the credit bureau. When payments are made in a timely manner, this can have a positive effect on one's credit rating; however, when payments are delinquent or not made at all, this can have a detrimental effect.

While some payments are delinquent or not made because of lack of concern on the part of the parent who owes the support, the most common reasons for this situation are a loss of income or loss of job. When the financial situation changes, it is important to seek a change in support obligations through the courts. Failure to properly complete the necessary steps to remedy the problem can lead to additional legal problems.

Child support is an important part of a California divorce whenever minor children are involved. Failure to adhere to the terms of the support payments can have a negative effect on one's credit report. Thus, it is crucial to seek legal guidance in establishing and attempting to modify the child support arrangements.

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

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