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does child support count against your debt payment?

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melisathames Joined: 20 Sep 2010 Posts: 1 1.36 Dollars($)	Posted: Mon Sep 20, 2010 6:28 am    Post subject: does child support count against your debt payment? Like 0 Dislike 0 Will a child support payment lower the amount of home mortg you qualify for?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Sep 20, 2010 6:37 am    Post subject: Like 0 Dislike 0 Yes, if you're obligated to pay child support, it is a monthly payment that's taken into account in calculating your ratios, and it can negatively impact your ability to obtain a new loan. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
rhonda Guest	Posted: Thu Feb 03, 2011 7:39 am    Post subject: child support Like 0 Dislike 0 does late child support count against your credit score?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Thu Feb 03, 2011 11:57 pm    Post subject: Like 0 Dislike 0 Hi rhonda, Late payment on child support may go against your credit score. Thanks
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Feb 07, 2011 2:28 pm    Post subject: Like 0 Dislike 0 Rhonda, a child support obligation that's so late as to be handled by the State authorities will always show up on a credit report. If you're talking about someone's obligation that showed up in February but was due in January, that's not going to be reported. Only when the enforcement agencies get involved will an obligation such as child support or alimony be reported to credit agencies. And then it's always going to be a negative report, of course. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
Karmapolice Joined: 13 Feb 2011 Posts: 20 3.50 Dollars($)	Posted: Sun Feb 13, 2011 1:39 am    Post subject: Like 0 Dislike 0 Yes it will since it as a fee that you are required to pay each month, Therefore it is taken into account calculating your ratios, and it can also lead to problems if you are planning on getting a loan. _________________ mortgages for people with bad credit available here. Instant cash out refinance quotes USA wide.
leee Guest	Posted: Thu Mar 10, 2011 1:28 pm    Post subject: Like 0 Dislike 0 what if you are going thru a court hearing so that the judge can tell you how much child support your going to pay to they consider all the bills you have to pay( house, car, your other family) before determining how much child support your going to pay?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Fri Mar 11, 2011 12:49 am    Post subject: Like 0 Dislike 0 Hi leee, As far as I know, the court will consider all the bills you have to pay while determining how much child support you'll have to pay. Thanks

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