Never wondered why you pay more child support (or unreimbursed medical expenses) than the amount you owe? Wonder not, folks. Every time a support magistrate imputes a money judgement on your account, the NYS Support Collection Unit charges you a 9% interest rate on your arrears. 9%. This noble institution does not brag about it, by the way. Don’t try to find this information on your record of child support payments that you get in the Child Support Unit in West Broadway, New York City. You won’t. You might learn that over the phone, if you call the NYS CSU 800 number.
Are New York State decision makers aware that very recently, the Fed slashed interest rates to an unprecedented low level, in an effort to boost lending and spending? Forget it, divorced fathers. For you, no rescue plan. You take full speed the SCU amplified effect of the recession!
The beauty of the New York State child support industry: it is self-sustaining. Sicko ex-wife requests, support magistrate executes, Support Collection Unit delivers without question, even if what is taken from your paycheck exceeds what the law prescribes. Administrative costs: paid by the sucker with subprime interest rates.
In New State, big brother is not only watching you, he is screwing you, big time.