Stimulus check may lead to life of poverty for father behind on year
Posted by: "Chandler Lane" email@example.com
Sun Aug 1, 2010 8:38 am (PDT)
His problem is interest. He says the 9 percent interest penalty on unpaid support effectively prevents him from getting ahead of his debt. Earlier this year, his total owed was listed as $163,582. By paying $435 a month and not counting accumulating interest, Williams would need 376 months, or 31 years, before he would be paid up at age 82. http://www.bnd.com/2010/08/01/1348826/stimulus-leads-to-life-of-child.html
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