After my review of a recalculated report to assess arrears owed, it has come to my attention that DES is altering numbers within the report, summing totals incorrectly, and applying interest at a rate of double, triple, and even quadruple percent within various years.
I've asked ADES to explain their method of calculating interest and have received no response. I've called, stopped by in person, spoke with employees that work there, written correspondence, requested meetings with specialists and managers and even asked the attorney general impromptu while sitting in on a child support hearing, how interest is accrued. This is all in an effort to validate my understanding of the current revised statute and again how DES interest is accrued. Unsuprisingly, after my efforts, I still have no answer.
My question to the fellow consumer complaints subscribers here is: Can someone please explain how interest is accrued in the state of arizona.
My understanding is that 10% of the total amount past due is assessed and included in a total interest due. For example, if I owed payments of $300.00 per month and never paid, the interest assessed would total $360.00 dollars for the year (3600.00 due for the year, 10% of that being 360.00).
Accordingly, after 8 years with the same support amount due, I would expect that the total amount of interest due would equal $2880.00 making my total arrears $21600.00 (300 dollars per month multiplied by 12... Twelve months in a year... Multiplied by 6... Six years past due) plus the interest for six years ($2880.00). Is this correct or am I missing something?
If this is correct, then DES owes a major amount of money back to atleast one individual in Arizona!
Can anyone clarify my understanding? Can I take on the State?
Help!
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