Unpaid child support is a serious issue that can have far-reaching consequences. In fact, it can even affect your credit report.
It is important to have a clear understanding of credit bureau reporting if you are struggling with child support payments.
Credit reporting
When child support payments are not made on time and in full, the custodial parent may seek assistance from the court to enforce the payment. One strategy is reporting non-payment to credit bureaus. Credit bureaus are agencies that collect and maintain financial information on people, including details about their credit history and payment behavior. The Mississippi Department of Human Services says that parents must fail to pay child support for 60 days before the state reports their delinquency to credit bureaus.
When child support payments become reported as delinquent to credit bureaus, it can have a negative impact on the non-paying parent’s credit report. This means that the non-payment of child support can show up as a negative mark on their credit history, affecting their credit score and making it harder for them to access credit in the future.
Housing and employment
Having delinquent child support payments on your credit report can make it more difficult to qualify for loans, credit cards or even housing rentals. A poor credit history can also impact your ability to secure employment. After all, some employers may check credit reports as part of the hiring process. It is important to understand that credit bureau reporting due to unpaid child support is a serious matter that can have lasting consequences. If you are struggling to make child support payments, it is vital to communicate with the custodial parent.
Ignoring child support obligations can lead to financial and legal repercussions, including damage to your credit report. Exploring options for modifying payment arrangements can help you stay on track and avoid the negative consequences of delinquent child support payments on your credit report.
