There is interest on child support in GA that is 30 days or more past due. That is, interest at the rate of 7 percent per annum will accrue for unpaid child support beginning 30 days from the date on which child support payment is due.
How does interest on past due child support work in Georgia?
Let’s say that the mother was ordered to pay child support in the amount of $700.00 per month. If the mother fails to pay the $700.00, then interest will accrue beginning 30 days from the due date for the child support payment. The rate of the interest is 7 percent per annum, so you would divide the 7 percent by twelve to get the monthly interest rate.
Since child support payments are usually made periodically on a monthly basis, each missed child support payment will accrue interest after 30 days.
Will the court always award interest on past due child support in Georgia?
The court, under its discretion, decides whether to award (or reduce) interest on past due child support. In making this decision, the court considers the following:
- Whether there was a legitimate reason for not paying child support.
- Whether the parent owing child support would face substantial and unreasonable hardship if ordered to pay interest.
- Whether an order for payment of interest would affect the current ability of the parent to pay child support.
- Whether the parent to whom interest is owed would face substantial and unreasonable hardship if interest is not awarded or reduced.
Chat with an Atlanta Divorce Lawyer about interest on past due child support.