Child Support Qualifications

  

Let’s say that you were married and you did not work. Then you got divorced and maybe you make enough money, or a least a significant portion of your income comes from child support. Maybe you have another job or you don’t, but the fact of the matter is that you count on your child support to make up enough of your income that it doesn’t matter what the other income is. This will make it tough when you go to get an auto loan because it is not considered stable income.
 
When you have a job, you get a paycheck on a regular basis. However, with so many deadbeat parents not paying on their child support it has become an issue that that are not going to be able to qualify you based on the fact that they cannot depend on the fact that your ex spouse is going to pay what they should. Not only that, but child support income cannot be garnished. In other words, if you do not pay on that auto loan, then the bank repossesses the car and comes after you for the remainder of the money due – but they can’t get anything because they can’t touch child support payments.
 
Not only that, but if you have poor credit as well, most banks are going to run from you. They think that you are already a liability and now they know that they won’t be able to get anything if you default. They know that this is just not worth the trouble. It is hard enough qualifying if you have great credit, never mind poor credit.

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