Thursday, October 17, 2013

What would you pay first: your mortgage or credit card bill?

Source: The LA Times
A new study on consumer behavior found that financially-strapped Americans are now about as likely to fall behind on their credit cards as they are on their mortgage. During the recession, troubled borrowers were more likely to pay just credit card bills, but as a sign of an improving housing market, rising home prices create more equity in a home, which creates an incentive to keep making house payments.

Read the full story
http://www.latimes.com/business/money/la-fi-mo-credit-card-mortgages-20130918,0,479553.story

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