Child Support On Credit Report Removed

Child support is an on-going payment obligation imposed on the noncustodial parent to assist with financial support the child needs on a daily basis, including:

• Food,
• Housing,
• Clothing, and
• Medical Needs.

Any overdue child support payments will be reported to credit bureaus just like any other missed payments. Once listed on a credit report the remark will remain reported for 7 years. Stay tuned and find out how to prevent this form happening, today!

Can You Remove Negative Child Support Remarks From A Credit Report?

Once a credit report has a missed payment reported it will negatively impact consumer credit scores. If the missed payment has been accurately reported, the derogatory remark cannot be removed.

If the consumer is under the impression the missed payment has been incorrectly report it may be disputed with the credit bureaus and child support collection agencies.

To successfully dispute the remark the consumer will require proof the account has been paid consistently on time in order to refute the derogatory remark.

How Does Child Support Affect Your Credit Score?

Child support will only be reported to a credit bureau if an individual has missed their payment obligations. Once missed payments have been reported to the credit bureaus it can remain reported for seven years.

In addition to the negative impact missed child support payments have on an individual’s credit score, noncustodial parents will have an increased debt-to-income ratio. This will make mortgage and other loan applications significantly more difficult to acquire.