Learn the facts about how a car loan can affect your credit. Any time you take out a loan your credit score will be affected. Pay your loan on time and itâll have a positive impact on your score, but just one or two late payments can have the opposite result. Why is this so important? Credit scores can not only make or break whether or not you get a loan, but they also affect the interest rate.
If you are the parent getting SSI, you should tell the court that your only income is SSI and you are unable to pay child support. You should get a statement from the Social Security Administration that you receive SSI, and give this statement to the court.
Children who receive both SSI and child support payments have more available income than children who do not receive child support payments. Roughly 12 percent of children who receive SSI (25 percent of those living with one parent) receive an average monthly child support payment of $199 (as of June 2003). Table 1 shows steady increases in the percentage of children who receive both SSI and child support and in their average monthly child support payment.