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Living版 - More Borrowers Pay Credit Cards Before Mortgages
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http://finance.yahoo.com/news/More-Borrowers-Pay-Credit-cnbc-2887281744.html?x=0&sec=topStories&pos=1&asset=&ccode=
It's exactly the opposite of the norm. Usually cash-strapped Americans
during tough economic times will miss credit card payments before they'll
miss mortgage payments.
Welcome to the new world order.
The percentage of borrowers who are delinquent on their mortgages but paying
their credit card bills on time is growing, to 6.6 percent in the third
quarter of 2009 from 4.9 percent i
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