04-08-2007 08:37 PM
I agree completely. It takes two people to create a child and they're both responsible for that child for as long as they live. What support is paid rarely equates to more than 1/4 of what it costs to keep up a home much less all of the extras that children require. Paying for the care of a child is an obligation to the child NOT the other parent.
Whether a parent sits on their buns most of the time or works like a dog every day is irrelevent. They're providing a home, food and other necessities and shouldn't have to soley bare the responsibility unless they choose to do so. If it burdens the parent financially to do so then the child ultimately suffers.
If I were a creditor, I'd be much more suspicious of someone who has to be forced to care for their child. If someone tries to shirk his financial obligations to his own flesh and blood then obviously the lender would be the lowest man on the totem pole.
04-09-2007 10:17 AM
04-09-2007 12:19 PM
04-09-2007 12:39 PM - edited 04-09-2007 12:40 PM
However, The amounts that they give out are way to bloated. My ex doesn't work so that's held against me (Score yet another one for the lazy people)and her new husband makes more than me. I have no problem with paying a reasonable amount per month but I know from my 12 year old daughter she's not getting any of the money. Not to mention the fact that because I sent my Ex so much per month I can't really afford to do much with her when she is with me. I have two younger boys that I know I don't spend as much to raise them per month that I give to my ex every month and they are very well taken care of...They need to make people that have nothing to do with their kids pay more than the ones that actively support and help raise the child not punish the ones that try to do the right thing...In the state I live in there is a fixed percentage of the absent parents income that is ordered for child support, no more without special needs and no less. Its also dependant on the number of other children he has to support. My ex gets buy with 17% of his income going to support. I wish I could pay half the mortgage and utilities on 17% of my income. So in my state it doesn't matter who earns what, much like the FICO system, its an algorithm
04-10-2007 01:41 PM
04-10-2007 04:06 PM - edited 04-10-2007 04:08 PM
04-11-2007 01:17 PM
NPugetSoundRE wrote:Good points all, on child support.I love it when I see blended families where one parent sends child support to the other, who, thanks to their new spouse, use it to pay child support to a another parent, and so on down the line.Credit, like Child Support, like governmnet intervention, like poker, is unfair. Do the best you can with what you have. Consider the alternatives.Hmmmmmmm.....ok, ok, don't consider the alternatives too deeply now!
Message Edited by NPugetSoundRE on 04-10-2007 04:08 PM
04-11-2007 02:00 PM - edited 04-11-2007 02:05 PM
04-12-2007 12:57 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.