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Providing men with essential divorce advice, fathers rights divorce information and child custody articles. Dads Divorce is a community for men facing divorce or fathers rights issues and run by Cordell and Cordell. Cordell & Cordell is a family law firm with a focus on men's divorce, child custody and fathers rights divorce.
Tags >> interest

Money Made Easy: Explaining Interest Rates

Feb 01, 2011

Financial adviser Dan Danford answers this financial question in this week's edition of Money Made Easy: Why are interest rates currently so low and when are they expected to increase again?

Danford, MBA, CRSP, of Family Investment Center, offers his financial opinion on the current interest rates and when they might increase again.


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Ask a Divorce Lawyer: How can I pay off back child support if the interest keeps piling up?

Jan 24, 2010

Question: My husband owes back child support in Texas for his two children who are now over 21 years old. 

The problem is while he’s trying to pay off the back child support, they keep adding interest on top of his remaining balance. So the interest just keeps piling up and piling up as he’s struggling to make any sort of payments. 

At this rate, he’ll never be able to pay this debt off. Is there anything we can do?

 


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Ask a Lawyer: Miscalculation in interest for back child support

Nov 29, 1999

Question:

I have been paying back child support to Jefferson County Department of Child Support Services in Birmingham, Alabama for about seven or eight years. The principle on the judgement is approximately $7,000 however, the interest is over $20,000. This amount is showing up on my credit report as if I owe $30,000 in back child support. Is there something that I can do to change the interest rate or alleviate it all together? I pay $500 a month and have done so for many years however, it seems like the debt never decreases.

Answer:

Allow me to preface my response with the disclaimer that I am not licensed in the State of Alabama. In most states the interest is statutory, meaning provided for in the law so you will prabably not be able to change or elimiate it. However, contact the child support department and ask for a history fo payments and interest. You should be able to verify that all of the payments are being applied and see the progress of the payoff.

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Ask a Lawyer: Obtaining custody from irresponsible parent

Nov 29, 1999

Question:

I had an affair which resulted in a pregnancy. I want to know what the chances of me obtaining custody are in the state of Maine. She is an atrocious housekeeper who I have been tempted to call DHHS on multiple time due to the mess. She has also gone to work at nite and left her other kids (10, 8) at home by themselves for the evening. She spends all her free time in bed sleeping such that her other kids complain about it. Their diet is predominantly fast food. I have serious concerns about a child of mine being raised in this environment. Any suggestions?

Answer:

Allow me to preface my answer to your question with the disclaimer that I am not licensed to practice law in the state of Maine. It come down to what is in the best interests in your child. The care of the children is very important. That is one of the factors that the court will look at. Also how much time have you been spending with the child? Also have you been involved in the decision making? That is also key.

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Ask a Lawyer: Getting custody when wife is from the Bahamas

Nov 29, 1999

Question:

My wife is from Bahamas and we have a 8 year old son and she has threatned to take son away to the Bahamas. How does that work with custody of my son and the posssiblity of him moving to the Bahamas? My wife has has mental issues and was prescribe with medication for emotional issues. Can that factor in to custody and can that be used.

Answer:

Allow me to preface my answer to your question with the disclaimer that I am not licensed to practice law in the state of Georgia. Yes her mental condition is relevant in custody. Generally she can not take your son out of the country without your consent. Once your case is filed (for divorce), then the court will not allow her to move him out of the country during the case. She will have to prove it is in his best interest.

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