Daily Archives: February 19, 2010

The new bill-paying hierarchy: Credit cards first, mortgage last

by Hans Eisenbeis WHAT’S HAPPENING For decades, consumers typically paid off their debts in a predictable way: Each month, they paid secured obligations first, and then worried about making their credit card payments. But that tradition got turned on its head at the outset of the Great Recession, and the trend has continued and strengthened […]

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