It is not completely impossible for Texas parents who have overdue child support obligations to obtain a loan to purchase a home. However, they should realize that having delinquent child support is considered a derogatory credit event and can possibly impair their chances of having their mortgage application approved.
There are a number of different types of child support cases that may apply to Texas parent. When exes are newly involved with the system, they may not be sure exactly how these cases are defined or why they are different. For example, some families manage child support payments directly between the custodial parent and the non-custodial parent while others pay child support through a state agency. There are a few types of cases, including IV-D, IV-A, IV-E and non-IV-D child support matters.
Texas parents who are planning to get married should have a conversation about finances as soon as possible. Doing so could make it easier to determine who will work and who will stay at home with the kids. It may also be a good time to discuss whether a parent will transition out of the workforce or back into the workforce in the future.
Being unable to work because of a disability can severely impair a person's ability to pay child support. However, a person's responsibility to pay child support doesn't typically end if he or she becomes disabled.
Some Texas couples have a difference in their incomes, and one may need to seek public assistance when they end their relationships. When a person needs to get public assistance and has a child or children, his or her benefits may depend on any child support order that might be in place.
Many single parents in Texas receive child support payments to cover the expenses associated with raising a child. While there are some political analysts who say that too much child support is paid to single parents, the United States Census Bureau has collected child support statistics that show evidence to the contrary.
If a marriage ends because of infidelity, it's unlikely that the at-fault parent will be "punished" by having to pay more child support. In Texas and other states, child support amounts are determined largely by how much money a parent makes and how many children need to be supported. However, there are situations in which a court may impute income to a parent who is being supported by another person.
When parents in Texas divorce, both are usually committed to providing their child or children with necessary financial support. To this end, divorce decrees often address the obligations of both parents with regards to child support payments, health insurance coverage and which parent is responsible for extraordinary expenses.
Some Texas noncustodial parents may have their wages garnished if they fall behind on child support. About 7 percent of all American workers face wage garnishment, and the highest percentage are for nonpayment of child support. These and other findings were in a study released by the ADP Research Institute on Sept. 27.
Making the finances work after a Texas parent files for divorce can be difficult. However, if the parent will have primary custody of the children, he or she could expect the other parent to be ordered to pay a certain amount of child support every month. Like all other states, Texas has child support calculator tools that the custodial parent can use to estimate what those payments will be.