Learn the facts about how a car loan can affect your credit. Any time you take out a loan your credit score will be affected. Pay your loan on time and itâll have a positive impact on your score, but just one or two late payments can have the opposite result. Why is this so important? Credit scores can not only make or break whether or not you get a loan, but they also affect the interest rate.
If you are the parent getting SSI, you should tell the court that your only income is SSI and you are unable to pay child support. You should get a statement from the Social Security Administration that you receive SSI, and give this statement to the court.
Those instructions add a crucial line: âHowever, in order for this income to be considered in the loan analysis, it must be divulged and verified.â. So the basic rule is that child support and alimony are not required if the borrower doesnât wish to list them on the VA loan application.However, the borrower canât get credit for this income when the lender calculates the borrowerâs debt to income ratio unless the alimony or child support is disclosed.hose instructions add a crucial line: âHowever, in order for this income to be considered in the loan analysis, it must be divulged and verified.â. So the basic rule is that child support and alimony are not required if the borrower doesnât wish to list them on the VA loan application.