When a debt is sent to a collection agency, it can significantly impact your credit score, often resulting in a substantial drop. This happens because collection accounts indicate to lenders that you have a history of failing to meet your…
Paying or receiving child support does not directly affect your credit score. However, missed payments can lead to negative repercussions that could impact your creditworthiness. Understanding the nuances of child support obligations is essential for anyone navigating these responsibilities. This…
Getting a loan while owing child support is possible, but it depends on several factors including the type of loan you’re seeking and the lender’s criteria. Many lenders assess your overall financial picture, taking into account your income, credit score,…