Re: Unable to get Auto loan due to child support arrears.
06-25-2009 07:08 PM
Child support reporting in arrears is a deal killer1 for any financial entity. Why? Simple- if you aren't paying your kids you are going to have your pay garnished hugely...and there is a high chance you can/will go to jail- so you won't be able to pay anything off.
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,