Payment Hierarchy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pay your mortgage first, the american dream of home ownership, that s the most important secured debt to pay. but new data from transunion shows some surprising changes in the way americans are triageing, i guess, their household bills to try to maintain their cash flow at the end of ever month. what they are finding is many are paying the credit card bills first and letting the mortgage become delinquent, 30 days late. the number or the percentage of americans who are late on the mortgage, but they re staying current on their credit cards, 6.6%, that s versus only 4.3% in 2008. and that s a flip. that s a flip of what they call the payment hierarchy. usually it s the mortgage you pay first. here s why you can t put gas in the car by paying the mortgage. you can t put food on the table by paying the mortgage. you can t buy your kid a new pair of shoes by paying the mortgage, but you can, if you make sure you paf the minimum our credit card so you still ....

Household Bills , Cash Flow , The American Dream Of Home Ownership , Credit Card , Credit Cards , Payment Hierarchy , 04 3 ,