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.
In either case, you do not report child support on your taxes. If you pay child support, you may be able to claim the child as a dependent. Even though you get no tax break for the support payments, the fact that you are making payments means you at least partly support the child, so you may be able to claim the child as a dependent.