Yes. As housing recovers, a growing number of borrowers paying their mortgages again. This reverses a trend first seen in September 2008, in which borrowers chose to value their credit card relationships above their mortgages.
According to a TransUnion study, consumers are making their mortgage payments a greater priority than auto loans and credit card debt. Last September, the delinquency rate for mortgages was 1.79%, while the credit card delinquency rate came in at 1.86%.
If you are facing the dilemma of paying your mortgage or your credit cards, please consider scheduling a consultation with an experienced debt settlement attorney.
Kevin Fallon McCarthy
Latest posts by Kevin Fallon McCarthy (see all)
- Different Ways to Get Out of Debt - January 22, 2019
- Public Servants’ Second Chance at Federal Student Loan Forgiveness - April 10, 2018
- CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH - March 22, 2018
- Rise of the Jumbo Student Loans - March 17, 2018
- Credit Card Market: Now and Then - February 23, 2018