No Easy Answer for California’s Child Support Arrears
The State of California has a near record sum of $19.2 billion owed in child support arrears. Some researchers believe that the current 10% interest rate is to blame for the amount, although proponents of the current rate believe that keeping it high encourages making payback a priority over other obligations. If you read the comments about the following article, you’ll see that this is a complex problem affecting many people in many different ways. What I didn’t see mentioned is the fact that many parents don’t know that they can and should modify child support orders when circumstances change. […]