It is important to understand the different consequences that you could face if you do not pay child support, such as losing your license, spending time in jail and having your passport revoked. In addition, you should realize that the state reports back child support to credit bureaus.
If you fail to pay child support on time, and your debt appears on your credit report, this could have a negative impact on your life in different ways. For example, it could come up when a lender reviews your credit report while you are trying to purchase a home.
What does Child Support Services report to credit bureaus?
According to Colorado’s Division of Child Support Services, the state reports various information related to child support payments to credit agencies. CSS updates Experian, TransUnion and Equifax accounts on a monthly basis, and federal law requires CSS to report back child support to these agencies. When a parent falls behind on child support, the state reports child support that is 30 to 180 days overdue, as well as current child support owed.
How can you have child support listed as current?
If you want the state to report your child support obligations as current, you have to pay your current monthly balance as well as any unpaid child support that you owe. Getting caught up on child support in order to improve your credit report is crucial, and it is also important to address back support to avoid other penalties.
Whether you want to modify your child support order or set up a payment plan to pay back child support, make sure you do everything in your power to stay current.