What is the interest rate on back child support in Arizona?
What is the interest rate on back child support in Arizona?
10% interest per year
How is back child support interest calculated?
Add up the total amount owed. For example, if you are ordered to pay $800 a month but missed 10 months, then you owe $8,000 in past due child support. If your state charges interest, then you need to add the interest to the unpaid principal. This will give you a total amount.
Who gets the interest on back child support?
Under Federal and State Law you may be entitled to interest on the back child support the absent parent owes you ! Most government child support offices do not calculate or collect back interest on the unpaid child support that is owed to custodial parents like you.
Who gets the interest on child support arrears in Texas?
According to Texas Family Code (157.261), the State of Texas allows for interest to be charged on missed support payments. Interest accrues on the delinquent child support at the rate of 6% simple interest per year from the date support is delinquent.
