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Child Support & Scoring

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Anonymous
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Child Support & Scoring

Can anyone give me some insights as to how my child support reflects on my FICO score. I fell behind years ago, and it was put on my CR. I am paying on it, but the last payment dates are years out of date as well as the amount. How is this amount viewed? Negative always or if current Positive? IT says I am current, but the payed date is way off. Will disputing this affect my scores? if they change the payed date. Does the amount hurt me for a DTI, or UTIL ??
Message 1 of 31
30 REPLIES 30
Anonymous
Not applicable

Re: Child Support & Scoring

anyone.......anyone........
Message 2 of 31
fused
Moderator Emeritus

Re: Child Support & Scoring



jaguls66 wrote:
Can anyone give me some insights as to how my child support reflects on my FICO score. I fell behind years ago, and it was put on my CR. I am paying on it, but the last payment dates are years out of date as well as the amount. How is this amount viewed? Negative always or if current Positive? IT says I am current, but the payed date is way off. Will disputing this affect my scores? if they change the payed date. Does the amount hurt me for a DTI, or UTIL ??

Wait for TheNewWorldMan, he seems to know a lot about this subject.  Or you might want to PM him.
Message 3 of 31
Anonymous
Not applicable

Re: Child Support & Scoring

Tuscani... No ideas?
Message 4 of 31
Anonymous
Not applicable

Re: Child Support & Scoring

Alrighty, took a chance and called FICO. Only a few minutes on hold by the way. In my case my support is reporting as an open account. With no late payments shown since 1991. So this is a good thing. It did not seem to be effecting utilization / high credit or any thing else, as far as they could find. Just a nice long payment history. Also, having the date of the last payment updated should have bumped my score up a little, again according to FICO.
Message 5 of 31
smallfry
Senior Contributor

Re: Child Support & Scoring



@Anonymous wrote:
Alrighty, took a chance and called FICO. Only a few minutes on hold by the way. In my case my support is reporting as an open account. With no late payments shown since 1991. So this is a good thing. It did not seem to be effecting utilization / high credit or any thing else, as far as they could find. Just a nice long payment history. Also, having the date of the last payment updated should have bumped my score up a little, again according to FICO.


Only problem with a child support TL is that under manual review you might appear to have more expenses than you actually do. I don't know about the law in your state but where I live, NJ, the only way you are gifted with a child support tradeline is if you have been in arrears by more than one thousand dollars. I am currently disputing my TL because I was never in arrears ever at all and somehow Equifax has a tradeline for child support on my CR. No other CRA is reporting this TL. Ten more days left. Fingers crossed. The TL is from May 2005 so I won't lose points when it goes bye bye. If you are familiar with the summary page on the Equifax reports you will notice they list open accounts, closed accounts and total accounts. They also list the number of accounts in good standing. If this TL that you have for child support is listed under OTHER accounts you can be fairly certain that it is not a positive account even if they do not show this TL as a derogatory account in your Experian and Transunion credit reports. Careful.
Message 6 of 31
Anonymous
Not applicable

Re: Child Support & Scoring

If you are a noncustodial father, the child support system will NEVER have your best interests at heart, and they can be counted on to do whatever they can to ruin your credit...and your financial life in general.
Message 7 of 31
Anonymous
Not applicable

Re: Child Support & Scoring

newworldman is absosmurfly 1000 percent correct.  i am a lawyer and used to work for a legal aid organization where i was compelled to fight for the highest child support order against these guys.  after two years, i could no longer stomach that crap.  we had fellows making anywhere from 800-1200/mo who were bringing home 500/mo ( the self reserve amount in my state) after child support.  these men will never get out of the hole that our fouled-up judicial system dug and tossed them in.  granted, a child should be supported by both parents; however, the system is draconian in that the amounts ordered are beyond unreasonable, and prevent the parent who is to make payments (usually the father) from ever moving on with his life, financially or emotionally.  the flip side to this coin was that, in my experience, on the unusual occasion where the judge gave custody to a father, the mother's child support obligation was often reduced or eliminated.  truth.  the worst of it is that the child support guidelines in my state most adversely affect working class and lower middle class men, those guys making 15-35 grand per year.  make less than that and your support is nil, more than that and the percentage of your income that goes to support is exponentially less than those guys in the 15-35k range, i.e., although the rich guy's dollar amount of support may be more, as a percentage of his income it is much, much less.  not to mention that arrearages collect interest at 10% per year.  one of these guys once said something to me that i have never forgotten:  "a man can't pay, so you ask him to pay more.  then he's got more shi* piled on top of the shi* that he couldn't get out from under in the first place."  i quit a week later.
Message 8 of 31
Anonymous
Not applicable

Re: Child Support & Scoring

If they ever try any of those stunts with me, I'll be out of the country so fast their heads will spin. I'm not too worried about it, for that reason. As soon as I start making a little more money, I'll be marrying my fiancee (Kenyan national) and have dual citizenship here and there. If the government here tries to jack up my support, she and I will be on a flight to Mombasa in weeks. (The kind of work I'm getting into, I can do from the Internet from anywhere on Earth.)

I think my ex knows it too...and so she's not going to try and get any more out of than she's getting now.
Message 9 of 31
Anonymous
Not applicable

Re: Child Support & Scoring

do not blame you one bit.
Message 10 of 31
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