My question involves a child custody case from the State of: California
My husband has a past due support case that he's working to pay off. The principal balance is at $4600 and interest is $3900. His taxes are to be applied in the amount of $5000 soon. Do you know if that will be applied directly to the principal balance only or will a portion go to interest as well?
Also I've heard once principal is paid they can't charge interest on an interest only balance and therefore will remove the unpaid interest at that time, is that correct?
My husband has a past due support case that he's working to pay off. The principal balance is at $4600 and interest is $3900. His taxes are to be applied in the amount of $5000 soon. Do you know if that will be applied directly to the principal balance only or will a portion go to interest as well?
Also I've heard once principal is paid they can't charge interest on an interest only balance and therefore will remove the unpaid interest at that time, is that correct?
Support Arrears: Tax Payments on Arrears and Interest
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