INTEREST
by LEEVERETTE
(DALLAS, TEXAS)
2 KIDS, GOT COURT ORDERED CHILD SUPPORT IN SEPTEMBER OF 97. PAID CHILD SUPORT EVERY MONTH SINCE THAT DATE. FIRTS CHILD TURNS 18 TEN YEARS LATER, WHEN I WENT TO GET HER REMOVED FROM CHILD SUPPORT, WAS INFORMED THAT I OWED 7 THOUSAND IN BACK PAYMENTS. TURNS OUT THAT THEY DIDN'T GET THE FIRST 3 PAYMENTS. $650.00 A MONTH I PAID DIRECTLY TO THE MOTHER. (MY BAD!)
SO, THE MOTHER REFUSED TO SIGN AN AFFIDAVIT STATING THAT SHE GOT THE PAYMENTS (NOT SURPRISED) ATTORNEY SAYS, HIS FEE COULD BE EQUAL TO WHAT I OWE, SO I MIGHT AS WELL PAY IT, PLUS WE MAY NOT WIN THE CASE.
OK, WENT AHEAD AND STARTED THE PAYMENTS BY CONTINUING TO PAY THE SUPPORT FOR 2 KIDS INSTEAD OF ONE. ANYWAY, I GOT A LIST OF MY PAYMENTS AND FOUND OUT THAT THEY WERE CHARGING ME EACH MONTH'S DUE PAYMENT ALONG WITH THE PAYMENTS I MISSED IN INTEREST.
SO, WHEN I CALLED AND SID HOW MUCH DO I OWE, THEY SAID $7,650.00, INSTEAD OF $7,000.00. STILL DON'T SEE A PROBLEM? WELL, THEY ARE CHARGING ME INTEREST ON $650.00 EACH MONTH WHEN IT'S NOT EVEN DUE OR LATE YET.
NOW THAT IT'S PAID AND LOOKING AT THE AMORTIZATION SCHEDULE OF PAYMENTS MADE, IT SEEMS TO ME, THAT SOMEBODY OWE ME SOME MONEY.